Record keeping for Small Business

There is a mountain of software, apps and other products available to make running your business easier.

Our goal is to find the one that suits you best,

We have clients who use MYOB Essentials, Xero, Invoice 2 Go, MYOB Accountright, Cashflow Manager, Excel and Paper. Our goal is not to change what you are doing, just to make sure that you are maximising your efficiency and spending more time developing your business and less time managing paperwork. The perfect solution isn't the same for every client and we would love the opportunity to help you choose the product that is right for you.

Products like MYOB Essentials and Xero operate through a data feed provided by your bank and they will charge a monthly subscription fee. Your bank does not charge. Most banks are now supported and the list is continually growing. The information is data only and is similar to the information you would find on your bank statement. Using the notations provided, you are able to set rules or allocations to identify specific transactions and code them accordingly. This can be an amazing time saver for a busy business and works best for those clients who use BPay or Debit/Credit Card for their payments. MYOB Essentials can give you a more basic product but at a lower cost. Prices vary and additional modules can be expensive, so consider your requirements before you choose one. Switching at a later date can mean lost data.

Invoice2Go is one of the least expensive products and has an annual subscription fee. This product is suitable for the small business person with minimal transactions. Invoice2Go links with other apps such as Receipts2Go and can provide reports for preparation of your Business Activity Statement and Income Tax Return. Invoices and expenses are manually entered. With this product, there is not currently any facility for payroll and so can be unsuitable for companies or businesses with employees.