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FOOD FOR THOUGHT

6 benefits of cloud-based accounting vs offline and paper methods

Posted by Matt Smith on April 17, 2018

We’re convinced that cloud-based accounting software is the future of finance for all businesses, big and small.

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Topics: Financial Reporting

How secure is cloud accounting software?

Posted by Matt Smith on April 10, 2018

Think cloud-based accounting is somehow “less safe” than having your data and programs stored on-site?

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Topics: Financial Reporting

What is cloud-based accounting and why should you care?

Posted by Matt Smith on April 05, 2018

Picture this: You are collaborating on a project with a team in the South Island while sitting in your pyjamas at your bach, or providing a service to a client in Australia while on a business trip in America—a few decades ago, just a pipe dream.

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Topics: Financial Reporting

What does a strong balance sheet look like & why is it important?

Posted by Ash Clarke on June 03, 2016

Businesses with strong balance sheets are more likely to survive economic downturns and be ready to thrive when the going gets good again. So what does a strong balance sheet look like, and how can you take steps to strengthen yours?

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Topics: Financial Reporting, Financial Management

Critical financial accounting tools for business decision-making

Posted by Matt Bellingham on February 19, 2016

Taken together, the balance sheet and profit and loss statement represent a complete financial picture of a company and provide valuable “decision-relevant” information. Ratio analysis, in particular, is a useful management tool that can help improve your understanding of how well your business is performing financially and can be used to spot trends over time.

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Topics: Financial Reporting

The essential end of financial year checklist

Posted by Matt Bellingham on March 02, 2015

For us the end of the financial year process is about uncovering opportunities for improvement that were undetectable earlier in the year. We also see it as the perfect time to test the status quo and, through fresh thinking, ensure that our clients are well positioned and ready to enter the new financial year. The end of financial year checklist below, summarises some of the key areas to consider. So whether your interest lies in minimising your tax bill, getting good reporting data or simply streamlining your finance and accounting systems, then read on! 

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Topics: Financial Reporting, Business Improvement, Financial Management

What Financial Reporting Standards should your organisation be using?

Posted by Yuline Little on February 18, 2015

Last year more than 700,000 sets of accounts for companies, partnerships, trusts and not-for-profit organisations were prepared in New Zealand. But with the biggest accounting changes in nearly two generations all but executed, the look and shape of more than 470,000 of them are going to be very different. Yuline Little outlines key changes by tackling some important frequently asked questions.

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Topics: Financial Reporting