by Meryl Johnston | 24 Sep, 2018 | Xero |
Should you use the purchases (bills) area in Xero? OR “Cash code” by allocating transactions from the bank feed? . The answer can vary depending on the size of the business and the level of reporting required, so let’s talk about these options in more...
by Ben McAdam | 24 Sep, 2018 | Bookkeeping/Finance |
30th June is rapidly approaching and for Australian businesses this means tax time. Here are 7 powerful tips to help small business owners minimise tax (legally!). 1. Understand what tax deductions you can claim Make sure you are up to speed with what you can...
by Meryl Johnston | 24 Sep, 2018 | Growth |
Business growth or customer experience? Which should you focus on? As a business owner, the decisions you make about how you spend your time directly impact the success of your business. So what should you be focusing on to drive your business forward? 3 Common...
by Meryl Johnston | 24 Sep, 2018 | Growth |
Managing a growing team, pricing and customer expectations Our last ‘Bean Ninjas report’ was about hitting our first revenue target of $100k Annual Recurring Revenue in February 2016. I had the best of intentions of writing these reports monthly, but running a...
by Meryl Johnston | 24 Sep, 2018 | Bookkeeping/Finance |
17 Benefits For Hiring A Professional Bookkeeper. Imagine the following… 1. An effortless bookkeeping system is setup for you and only requires an initial scoping call of 1 hour and a follow-up training call. 2. Your bookkeeping transactions are reconciled in...
by Meryl Johnston | 24 Sep, 2018 | Growth |
The story of Bean Ninjas’ business growth continues… I was planning to write quarterly reviews, but I was pretty excited about February so I decided to write an 8-month review instead! Image source: Unsplash So why am I excited? A few reasons. We ….. Hit...
by Meryl Johnston | 24 Sep, 2018 | Bookkeeping/Finance |
DIY bookkeeping is meant to save a small business owner time and money, but what our clients tell us is a different story. We’ve had business owners share their top 7 frustrations with either doing their own bookkeeping or outsourcing their bookkeeping. This article...
by Ben McAdam | 24 Sep, 2018 | Bookkeeping/Finance |
At the most basic level, a profit & loss (or income statement) is a report that shows your income less expenses. Hopefully, this results in a profit, not a loss. However, if you look a bit closer, a profit & loss (or income statement) is an important tool for...
by Meryl Johnston | 24 Sep, 2018 | Xero |
We launched Bean Ninjas, a Xero bookkeeping business, in July 2015 and have barely stopped to take a breath since. Over the Christmas period I had the chance to step away from the business for a few days and reflect on our first 6 months. We’ve had plenty of highs and...
by Meryl Johnston | 24 Sep, 2018 | Bookkeeping/Finance |
Bank reconciliations are the most important check you can do to make sure your bookkeeping is accurate. They should be done at least every quarter, but here at Bean Ninjas we like to do these monthly. A bank reconciliation is a comparison between your bank account...
