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xero tip - inbuilt calculator

Use Xero's inbuilt calculator to work out your transaction and manual journal amounts. Want to chat about how we can significantly improve the flow and profitability of your business with automation? Simply email us.  ..

   

Thinking & Acting For The Future

Imagine for a second that you pay for a Xero account to manage your personal finances. Now just imagine neglecting that Xero account and its bank feeds for years, not doing any reconciliation. What would that look like? What it looks like I can say with a fair degree of confidence is several thousand lines of unreconciled bank transactions (3,007 to be precise). I know this, because it’s exactly what I did. Now I want to start using Xero again. So I have 3,007 line ..

   

5 Minute Exercise

Take 5 minutes to do this exercise: What would you do in your business if you couldn’t fail? What is the worst that could happen if you did this? What are the chances of success? What are chances of the worst case eventuating? What are the consequences of success? What are the consequences of the worst case? Most times when we ask business owners these questions, they identify a seriously big opportunity that they have deferred taking action on for  ..

   

What I'm Reading

This book is a collection of 124 extracts from interviews, public statements and media coverage from one of the world’s leading thinkers. He is also one of the world’s leading doers which contributes to him changing the world as indicated by SpaceX’s mission to colonise Mars. See the reasons to make life interplanetary (http://www.unicornbusinesssolutions.com.au/Scan%207%20Oct%2017.pdf) ..

   

Unicorn Team Update

Introducing… John Harris Last week we welcomed John Harris to the Unicorn team. He will be working as a strategic business consultant based in our Devonport office. John’s granddaughters think that it is amazing that Unicorns exist and he is thrilled that he can tell them that he now works with magical Unicorns! John has over 27 years’ experience working as a training, sales and marketing specialist in the building industry. He is an award-winning service p ..

   

I Used To Be An Accountant

This is what I tell people. I say this because accountants are thought of as being boring and (I hope) this implies that I am no longer boring. I also say this because it suggests that I understand numbers and understanding numbers is a critical skill in helping small business owners to build a business that works for them rather than the other way around. I often ask business owners what they measure in their business. Their answers are generally; “my bank balance”; “sales” or “I  ..

   

Xerocon South 2017

Craig, Pete, Lucy and I attended Xerocon in Melbourne on 13th and 14th September. This is Xero’s annual conference and was attended by over 3,000 people keen to hear CEO Rod Drury’s views on where automation and artificial intelligence are heading, and what Xero are doing themselves right now. Xero then started the conference with Rod up on stage saying, “The future is here, now”. …And they didn’t disappoint. There was a whole laundry list of cool things Xer ..

   

Key Similarities Between Businesses In Difference Industries

In the next two weeks we have 3 strategic Planning Days booked with new clients and it has been interesting to note the similarities between these businesses in different industries as we do our preparation work: The owners are all time poor Their financial records are not accurate The owners are stressed Quality products and services are provided to happy customers These are all customer focussed businesses, but their business model isn’t quite right, and that is r ..

   

Specialising Increases Opportunities

There are opportunities everywhere. Opportunities to add new products and services to your offering. Opportunities to expand into new markets, open a new branch or grow with a large customer. My experience is that business owners are very good at identifying opportunities and over time their business grows to offer a diverse range of products and services. Interestingly, the most successful clients we work with do the exact opposite. They specialise and “own” a space. They become the “go to” ..

   

Government To Crack Down On Super Compliance

We have always encouraged and assisted our clients to meet their Superannuation Guarantee (SG) obligations as late payment incurs significant financial and administrative compliance costs. It seems that other employers have not been so diligent as according to the Australian Taxation Office (ATO), workers are collectively owed $2.85 billion in unpaid or underpaid superannuation from the 2014-15 financial year, representing more than 5% of the total amount employers are legally requi ..