How I get world-class Business Coaching FOR FREE!
Recently I was asked ‘what is the best piece of advice you would give to a business owner for staying inspired?’. I could list stacks of ideas that would cover all the usual things like, getting a mentor, reading good books, going to conferences etc etc. But the truth is that business owners are incredibly busy and often to...
Read moreUse Taxes in Xero
Use Taxes are often reverse Sales Tax that businesses self-assess. This is common in US States and Canadian Provinces with PST (BC, SK & MB) which require businesses to self-assess Use Tax on out-of-state/province purchases. Xero goes a great job of managing Sales Tax we charge on our invoices, and even on Input Tax Credits for countries with a...
Read moreXero announces (another) massive US$100m capital raising
Xero has just announced that Accel, one of the top US tech investors, has invested $US100m into the company. Xero have always raised funds well ahead of the need – and with half a billing in the bank they are strongly poised to continue their development and rollout in North America. In addition, they have just appointed a new US President....
Read moreOnline Marketing – Google Adwords
Without question, Google AdWords is one of the best marketing tools to use for your business. Since it really is one of the strategies you should be using, I’ll use the time we have this month to give you a general overview of how to get results, and in a later issue I’ll do an advanced session on it....
Read moreWhy Are You Making It So Hard?
One of the things we like to explore with clients is an area of their business that rarely gets much attention—but IS ALWAYS CLOSELY SCRUTINIZED BY CUSTOMERS — and that’s the buying process. In other words… how can you make it EASIER for customers to buy from you? In their excellent book “WAYMISH: Why Are You Making It So...
Read moreWhy my small business switched to Xero
This article is re-posted from the xero.com blog. I’m not a huge fan of the Super Bowl, but I love seeing the ads. They’re always the highlight of the whole event for a lot of people. This year there was a great ad by BMW that showed a clip of two TODAY show hosts from 1994 who were reading...
Read moreSupplier Statements in Xero
It is easy to create a statement for your customers/debtors in Xero, but at present there is no easy way to create a statement to reconcile your suppliers/creditors. Here is a quick way to simulate a supplier/creditor activity report: 1. From the Account Transactions report, generate a report for the month for the Accounts Payable account and export it...
Read moreToronto Meetup for Xero Users
Payment Evolution and Fuel Accounting are hosting a breakfast meetup for Xero users on Feb 26 2015 (8am – 9:30am) at MaRS Discovery District. It’s free. Please register at http://www.eventbrite.com/e/xero-online-accounting-toronto-meetup-tickets-15800650170 It’s a FREE breakfast and learn session focused on Xero Online Accounting. You’ll have an opportunity to meet fellow small business owners and advisors to learn how Xero can be...
Read moreFocus On Clients Frustrations & Your Profits Will Take Care Of Themselves
Last half-term we went on a week’s holiday to Turkey. I love spending time away with the family—these days, it’s the only real quality time we get together. Plus, it gives me time to catch up on reading. I often read what I consider to be ‘classics’ again and again. One of those books is ‘Broken Windows, Broken Business’...
Read moreRecent Changes in Xero
The last eighteen months has seen some HUGE changes in Xero—our preferred online accounting system. Let’s run down just a few of the significant ones: Files About 18 months ago Xero added the ability to attach files to any transaction. You can email files in to a designated “inbox” and then move them to existing transactions or initiate a...
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