This is one of our favourite things to help small businesses #banadmin even further. Shortcuts in Xero
What this means for you & your business?
Small Business, the engine room of the Australian Economy, was once again a focus of the Federal Budget delivered last night. A budget titled Jobs & Growth. So what do these benefits actually mean to you and when do they commence?
Xero + Office 365 or Gmail allows you to have a full picture of your contacts. You can now sync emails to your contacts straight into Xero making it easier to keep track of both your customer and supplier relationships.
Mobile is the new black! Most of us are never without our mobile phones. And in reality these probably should not even be called phones anymore, more like mini computers.
It's amazing to see how many small businesses don't have really good information on their customers and suppliers. Xero isn't a full blown CRM system but it's really useful for capturing data you can use to make smart business decisions.
Xero is much more than a data capture tool. It's much more than a tool to let you know how much GST you have to pay or something that helps you process payroll. It's an amazing tool to show you how your business is tracking.
Xero are always releasing new features. It's brilliant for you, the user, but can often be hard to keep up with every new feature released. That's why a few times each year we grab some drinks and yummy food and run over the new features and some hints and tips to help you #banadmin.
Did you know your employees can access a special part of Xero called My Payroll. They can download payslips, submit timesheets, apply for leave & look up leave balances.
Every business has bills to pay. Some you will pay for on the spot, ie coffee, others you can have setup to auto direct debit from your account and others you will need to manually pay. To save time, double data entry (and prevent errors) you need to use Batch Payments in Xero.
Everyone who has an employee (including yourself) should be using Auto Super in Xero. It saves SO much time each month or quarter when you process super, not to mention it's compliant with the new Super Stream laws that come in on the 1st July 2016.
I believe the team you create, the culture you build and your leadership style determines how successful you are in business.
Bank Rules are an amazing feature in Xero that can save you hours and hours of processing each year. They also ensure consistency in where you code transactions so your reports make sense when comparing month to month, year to year.
When was the last time you took at look at what your brand says about your business?
The Dashboard is the first place you look when you open Xero. It's a great source of information. But most people don't realise you can customise what you see.