As a bookkeeper, my clients and friends often ask, “does the ATO check every transaction? Is there a rhyme or reason to why a business gets audited?” I often reply in my own cheeky way – why do birds suddenly appear? Bringing things down to earth, the ATO...
If you are in business, you may already be in the habit of keeping receipts. If you use Dext or something similar as part of your bookkeeping, receipts and invoices may already be integrated into your Xero. The conventional wisdom for keeping receipts is that if you...
If your business uses Xero Projects, you already know it’s a time saver and fantastic at keeping your accounts organised and in order. But you might find it helpful to take your record-keeping to the next level with Xero’s tracking categories. Will using Xero tracking...
Pricing your services can be a tricky business, especially when you’re starting out. But at Dollars + Sense, one trap we see freelancers falling into repeatedly is pricing themselves too low. How low is too low? Let’s take a client of ours as an example: Joe was a...
If you’re just starting out in business, you might be tempted to skip the accounting software and just use an Excel spreadsheet to keep track of your accounts. Maybe you’ve only got two or three clients and not many overheads so it’s all pretty straightforward, but...
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