We often overlook how fortunate we are to live in a time when banking is becoming more transparent so that transaction data is easily accessible for accountants.
- Topic:
- Accountants
The end of financial year can be a daunting period for small to medium-sized businesses, but with the right planning and efficient processes, you can navigate its complexities with ease. Here, we provide eight essential tips to streamline your end of financial year and help you avoid the tax time rush.
- Topic:
- Finance
As we hit the triple-whammy of Black Friday, Cyber Monday and the Christmas gift-giving season from November through January, e-commerce businesses, 3PL and warehouses alike can use this handy checklist on navigating peak season order fulfilment and keeping your ducks in a row.
- Topic:
- ERP
Small to medium-sized Australian businesses are increasingly transitioning to cloud-hosted software.
The latest figures from the Australian Bureau of Statistics reveal that in the 2022 financial year, 59 per cent of the nation’s businesses invested in paid cloud computing, which includes cloud-hosted software. This figure has risen sharply in recent years, up from 42 per cent in 2018.
So, why are businesses increasingly embracing cloud-hosted software?
- Topic:
- Finance
The high expectations of today’s online customers mean it has never been more important to minimise manual fulfilment errors.
Next day or same day deliveries are not only desired, but expected. For warehouses, third-party logistics (3PL) providers and online retailers, even a single instance of failing to deliver on time, or getting order items wrong, can lead to lost customers and reputational damage.
A survey of online retailers by Stitch Labs reveals that nearly two thirds (66 per cent) of inventory or fulfilment issues are the result of human error from manual processes. The study also reveals that almost half (45 per cent) of online retailers believe that customers ordering an out-of-stock item is the biggest reason why they never come back.
- Topic:
- ERP
Are you an accountant looking to understand your prospects better? Defining your ideal client profile will be a great exercise to help you hit the ground running with your practice.
- Topic:
- Accountants
The holiday season is fast approaching, and many businesses will shut down to celebrate. However, with the recent changes to Modern Awards, staying up to date with the latest regulations is crucial.
The Fair Work Commission announced in December 2022 that it had issued a decision regarding shutdowns as part of the four-year review of modern awards. Businesses throughout Australia are affected by the shutdown regulation changes, which took effect on 1 May 2023.
- Topic:
- Payroll
Attaché has long served as a valuable financial management system for businesses of a certain size. However, as your business expands and evolves, you may find that Attaché is no longer the ideal solution to meet your growing needs.
If you’re finding your software no longer fit for purpose, it may be time to consider an upgrade to a solution like Access Financials. A comprehensive and modern accounting solution designed to support growing businesses, Access Financials may provide you with the additional accounting and financial management you require.
In this blog, we'll explore some of the common issues you may be facing that could be resolved with a software upgrade and take a look at all the additional benefits you could unlock by switching to a different solution from the same provider.
- Topic:
- Finance
Analytical skills have always been second nature to accountants. With the right accounting practice software, they can incorporate accounting data analytics to fly ahead of their competition.
Data analytics for accountants is the key to unlocking critical business insights, giving your firm the power to improve every aspect of public practice, from monitoring business performance to improving internal accounting processes.
In our article, we'll explain why harnessing accounting data analytics is crucial, especially when data management and analytics software can help boost the accounting skills of your people, more easily analyse trends, and make future predictions.
- Topic:
- Accountants
Have you ever heard of client accounting and wondered how your accounting firm can harness it? You may not be aware that there are different client accounting models; if you are, you may want to learn more about them to work out the best option for your practice.
- Topic:
- Accountants
