Skip to content

Small Businesses

Xero’s New Dashboard

As you may know we are now offering our Cloud Based Accounting services with the Xero software accounting platform. This is an addition to the Sage platform and we are sure this will be very attractive.

In December Xero passed 400,000 paying customers – a fantastic growth predicated on offering outstanding cloud accounting software.  This coupled with our accounting expertise makes it very attractive to business owners of all sizes – but particularly small and start up businesses.

With that in mind we have seen some recent improvements to the dashboard it Xero and I have highlighted some of the changes which may interest you.

  • They have introduced a new graph which shows your incoming and outgoing cash over the last few months – handy for seeing your historical cash movements at a glance. You can drill into the detail as required.
  • Their invoice and bill graphs will be improved so you’ll be able to see the total amounts for all outstanding invoices rather than just those overdue – the same will apply to bills. The charts are simplified so you can quickly see if there are overdue items at a glance and drill down to see these.
  • They also now enable you to choose what to show on the Dashboard and where those items are positioned. So from now everything can be positioned as you like or optionally hidden if you don’t have a need for a particular item.

If you want to talk about Xero and our combined accountancy and software packages then please give us a call on 020 3199 9057.

Small Businesses Held Back By Poor Use Of Technology

In a recent survey detailed in Smallbusiness.co.uk, it shows that three quarter of employees working in small businesses are less productive away from their desks.

This is something that we are very aware of in discussions with clients and that is why find cloud based solutions which can increase time efficiency and reduce cost have be to be considered by small business owners.

An extract from the article is shown below:

Employees are embracing mobile working, with 61 per cent saying they sometimes work from home. But a further 22 per cent reveal they want to work from home but don’t have the right technology, and nearly half (44 per cent) of those who do work from home say not having the right technology hampers their productivity.
Working in transit is less popular, with only 40 per cent of respondents doing so, though a further 20 per cent would if they had the right equipment. Of those that do, 40 per cent say they would be more productive in transit if they had access to better technology.
Where implemented effectively, technology is seen as a vital enabler of productivity, especially for a mobile workforce. Respondents felt their productivity had been improved over recent years thanks to smartphones (67 per cent), cloud (59 per cent), tablets (52 per cent), video conferencing (52 per cent), and print management (49 per cent).

Small Companies Have Increased Costs – So Where Are The Options To Save?

According to an article in http://www.smallbusiness.co.uk small business costs have continued to rise during 2014 despite falling inflation. 

Energy costs are still the most commonly-seen increase, according to the latest Cost of Doing Business survey from the Forum of Private Business (FPB).  The study shows firms are still feeling the squeeze despite signs that the economic recovery continues to gather momentum.  Some 63 per cent of businesses have seen an overall increase in their business costs, with 70 per cent reporting an increase in energy costs, 65 per cent in transport costs, 76 per cent in marketing costs, and 65 per cent a rise in staff costs.  The report also identifies that 38 per cent of small business owners admit to being unable to pass any rising costs onto customers, forcing them to cut their own costs to keep prices static. Just 3 per cent are able to pass on costs in full.

One area small businesses can save money is of course to review their accounting costs.  With Cloud Based Accounting software and bundled accountancy services there has never been a better time to cut accountancy costs.  Find out more here.