Xilch Insights

Insights on cloud-based accounting, financial or budgeting strategies for SMEs 

Avoiding the Pitfalls of Bankruptcy

Pitfalls of Bankruptcy

 

Your business may be running smoothly at the moment. You may have a steady stream of clients and cash flow and business may be expanding. In fact, you may feel financially comfortable enough to splurge on luxuries once in a while.

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Bookkeeping Essentials You Need to Know

Bookkeeping Essentials

 As early as its growing years, business start-ups should make time and effort in keeping records of every business transaction including accounts payables and receivables. This might be cumbersome for some business owners, especially those who handle the accounting themselves, but it will eventually yield favourable results for their business, especially come tax time and auditing season.

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Data Security in the Cloud

Cloud Security

In a recent study conducted by Microsoft, it was found out that 94% of small and medium enterprises are becoming more confident in using the cloud. In fact, SMEs that have switched to the cloud found that it far exceeded their expectations, especially when it comes to reliability, privacy and security. This only goes to show the many benefits that a cloud can offer to businesses, particularly in the area of data security.

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What You Need to Know before Switching to Cloud-based Accounting

Cloud Base

For accountants and bookkeepers, the days of dealing with massive amounts of paperwork were over with the advent of on-premise accounting software. Ledgers and invoices are now replaced with a tool that makes updating financial records fast and easy. However, with the proliferation of cloud computing in recent years, more and more accountants and bookkeepers are switching to cloud-based accounting applications.

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Money-saving Tips for Business Start-ups

Money Saving2

 Budget is always a concern for cash-strapped business start-ups. While your business is still in its growing phase, you need to save as much money as you can to sustain it. That’s why it is important to set a budget and stick to it to ensure that your business will stay in the market for long.

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Blog

  • ATO Update: Division Tax 293
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  • Avoiding the Pitfalls of Bankruptcy
    Read More
  • Xero Wraps Up Roadshow in Australia, Hits Major Milestone
    Read More
  • Squarespace Helps You Create an Online Store Integrated with Xero
    Read More
  • Bookkeeping Essentials You Need to Know
    Read More

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