Comments for FINOS Bookkeeping & Business Blog

Comment on Outgrowing MYOB or Quickbooks by Craig Kirby

Craig Kirby — Thu, 22 Apr 2010 06:03:20 +0000

It’s true that the next step after MYOB/Quickbooks is a reasonably big jump (to SQL based, enterprise level accounting and ERP).

Depending on your turnover, your annual stock write-offs, your number of employees, service techs etc, you will find that the benefits of enterprise level accounting software can bring to your SME will see a Return on Investment within 12 months. We have certainly seen this type of return ‘out in the wild’.

Cheers
Craig

Comment on MYOB V Quickbooks by Robert Lyon

Robert Lyon — Wed, 03 Feb 2010 22:44:20 +0000

MYOB these days has a powerful feature [M-Powered services] enabling payments from multiple bank accounts to be effected from within the software [restricted to the main trading banks - CBA, ANZ Westpac and with special arrangements NAB and Bendigo] when combined with seamless presentation of bank statement information [CBA, ANZ and Westpac] this is a huge time saver and drastically reduces the chance of error in a payment [especially superannuation payments] while being far easier then using ABA files and more secure for staff use than internet banking.

Comment on 7 Ways a Professional Bookkeeper will save you $$$ (Part 1) by Shane Holbeck - Accountix

Shane Holbeck - Accountix — Mon, 25 Jan 2010 10:20:18 +0000

Very good article and so very true.

Comment on 7 Ways a Professional Bookkeeper Will Save you $$$ (Part 2) by Shane Holbeck

Shane Holbeck — Mon, 25 Jan 2010 09:38:12 +0000

Zanria

There is no strict defination of a professional bookkeeper, nor is there a minimum level of educational qualification that is attached to defining a professional bookkeeper. Being a professional bookkeeper is all about being competent to perform bookkeeping duties.

There are however certain factors that would tend to indicate competency:
1. member of a professional accounting or bookkeeping association
2. relevant experience
3. educational qualifications
4. ongoing professional development or education

Hope this helps

Shane Holbeck
Accountix

Comment on Increase your business cashflow with direct debits by Book keeping Tips

Book keeping Tips — Wed, 13 Jan 2010 19:40:48 +0000

It’s always a good idea if you can, to pull the cash, rather than let it be pushed by your customer. However, processing direct debits does have an administration overhead, and needs to be done some days prior to the agreed transaction day

Comment on Bookkeeping in the Construction Industry by Dion Bright

Dion Bright — Mon, 14 Dec 2009 11:47:02 +0000

Hi,

I found your post searching for info on setting up QB and creating management accounts for a small construction company. We have a turnover of about $3m and are growing quickly. Do you know of any good book or web resources to assist.

Your findings of misplaced retentions is exactly what I’m facing. My client is currently unsure if they’re invoiced and received the entire estimated amount.

Comment on Welcome to my SME & Bookkeeping Blog by skills train

skills train — Tue, 17 Nov 2009 14:12:13 +0000

I hope your blog goes well. I will revit and read what is posted.
I have learned bookkeeping skills can lead to a long and rewarding career.

Comment on Increase your business cashflow with direct debits by Gill

Gill — Tue, 10 Nov 2009 16:38:01 +0000

So many forget about the use of direct debits and stressing to clients that budgeting is good!

Comment on MYOB V Quickbooks by Stuart

Stuart — Thu, 08 Oct 2009 03:17:40 +0000

I know that the MYOB v Quickbooks debate has been important in the past, but Xero is the future. No more installing, no more tax file updates, no more backup issues, no more hassles. I don’t work for Xero or derive any money from them in any way, I just love thier software.

Comment on Outgrowing MYOB or Quickbooks by Bruce

Bruce — Wed, 30 Sep 2009 04:00:03 +0000

I would suggest taking a look at Exchequer enterprise from Iris.