What is it? The chart of accounts is the list of all accounts your organisation can use to record your transactions in Xero. The Xero chart of accounts has a flat structure designed to suit a small business. Every account in your chart of accounts has several components and you can edit some components, and use … Read more
Applying for a business loan can be easy Need some extra cash to take your business to the next level, but daunted by the loan process? You’re not alone. There can be a lot of paperwork and number-crunching involved. Before you get started, remember that a bank wants your application to succeed as the interest … Read more
Your Succession Plan and where you should begin You’ll leave or sell your business someday, so how do you make sure it’s on the best possible terms? Here’s our advice… What is a succession plan? It’s a plan for the exit of yourself from your business, it’s where you will decide how and when you … Read more
Business Growth and the Key Elements When you’re a small business it is vital that you step back to see the full picture of your business. Why do you ask? Stepping back will help you make informed decisions on what changes and improvements are needed to drive business growth and performance. Did you know that … Read more
It’s not about the convenience, it’s about your security. Xero’s new two-step authentication Working with our clients recently there were a lot of questions around Xero’s introduction of two-step authentication (2SA) and how it’s another thing to do in your business. When talking this through with clients I explain how this is just another example of … Read more
As an industry, we are going through a change in response to compliance automation, tax simplification and an increasing demand from clients for more proactive services. So what does this mean for our clients at Business Edge Advisors? It means we are more focused on delivering business development services by getting up close and personal with … Read more
Getting to know the Xero DashboardThe Xero Dashboard is a one-stop hub for all your key financial information.The dashboard is where you’ll see what’s in your bank account, who’s paid your invoices, and which supplier bills are due for payment – all customisable to show you the important numbers and metrics you need to stay … Read more
‘Fail to plan, plan to fail’, as the saying goes. If you’re going to create an effective, successful and profitable business, you need to create a solid strategic plan Your business plan is the route map that defines your goals, explains your strategy and gives real direction to the everyday running of the company. So … Read more
The Business Edge team have been living, working and supporting the local people, businesses and community for over 25 years and we proudly sponsor various community and sporting groups. We are especially proud to join with Junction Support Services during Homelessness Week, 6-12 August, to assist young people in our community who are experiencing or … Read more
The Power of a Key Performance Indicator! So what is all the fuss about? What are they really? Why are Key Performance Indicators important in your business? If your nodding you are head in agreeance you’ll find your not alone, so many business owners out there are busy enough in doing the day to day tasks … Read more
