Back to Blog

Construction Contracts - Get Paid - Use Payment Claims

With the current world economic situation having a high level of uncertainty and New Zealand officially in a recession, it is now more important than ever you look after your cash flow to ensure you and your clients are clear on payment expectations. By formatting your invoices as payment claims using the Construction Contracts Act 2002, you will have peace of mind a clear payment agreement exists with your customers up front....

September 22, 2020

Xero Trade and Construction Apps

Want to just 'get on with the job'?  There are many tools that will allow you automate your job giving you more time to do what you really want.   Provide your customers with transparent and professional quotes and invoices Allow seamless flow of accounting transactions through to Xero to ensure your GST is correct and on time and you know who is due to pay you and whenSetup payment options for your customers to ensure you are paid on timeSchedule jobs and manage tasks effici...

May 28, 2020

Bookkeeping for Trade and Construction

Cash Flow Management:   Know who you need to pay and when  Know who is due to pay you and when GST compliance: Be on top of filing your GST on time No shock at time of GST payment Increase Cash Flow into your Business: On-time and professional client invoicing Complete, transparent and accurate client invoicing Lock in new Customers and Jobs: Accurate, professional and transparent quotes Clear tracking of quotes ensuring you stay on top of who has and who has not accepted quotes J...

May 21, 2020

SMALL BUSINESS TIPS DURING FINANCIAL UNCERTAINTY: 8 CASH FLOW AREAS TO REVIEW

REDUCE CASH OUTFLOW1. Cancel unnecessary business expenses (e.g. subscriptions, entertainment)2. Reduce/Cancel unnecessary personal expenses (reduces personal incomerequirement)3. Review and Renegotiate terms on essential business expenses - both recurring andone time (property rent, capital equipment rental)4. Discuss new terms/extensions from suppliersINCREASE CASH INFLOW5. Proactively address the way to borrow finance to ensure continued cash flow6. Introduce new payment options (0% financing...

April 6, 2020

The Importance of a Bank Reconciliation

What is a Bank Reconciliation? A bank reconciliation is the process of matching transactions in your bank statement to your cash transactions in your financial system.   Why do you need to perform a bank reconciliation? Completing a bank reconciliation will allow you to report on and rectify/explain any differences between the two. By ensuring each bank statement transaction has matching financial transactions in your financial system it will ensure: ยท      &n...

February 10, 2020

When Using NextMinute and Xero - when should I load into Hubdoc vs NextMinute?

When you are using a Job Management add-on such as NextMinute along side Xero and Hubdoc there are two types of transactions:1.  Job related e.g. materials expense2.  Business only related e.g. telephone billIf your jobs are managed in NextMinute the invoices will be loaded directly into Next Minute and will be fed automatically fed into your accounting software such as Xero.  These will not need to go through Hubdoc.Any business only related expenses such as entertainment spend t...

February 3, 2020

How to Get Set for Summer as a Business

From claiming expenses and staff bonuses to getting paid on time, get set for the holiday season.Tools and advice from across government to save you time and help make your business a success.Visit:  https://www.business.govt.nz/g......

December 12, 2019

Why bookkeeping is essential for your small business

A bookkeeper deals with the organisation, the recording and the reporting of financial transactions of a small business. But most importantly, a bookkeeper clears the way for the accountant to work with your business strategically. #SmallBusinesshttps://www.xero.com/nz/resour......

December 3, 2019 Posts 1-8 of 8 | Page