Smart accounting and bookkeeping for businesses on-the-go, 24/7

November 12, 2016

Bookkeeping and accounting are an essential part of running any size business. As our lives seem to get busier and more demanding, business owners are looking for ways to perform critical tasks faster and more efficiently. The need to run a business from anywhere and at any time is becoming increasingly important.

At Effective Services, we’re proud to announce the launch of our free new mobile bookkeeping App, aimed at helping our clients easily access, utilise, and update their bookkeeping and accounting information on-the-go, 24/7. Effective Services is one of the very first bookkeeping businesses in Australia to offer this technology to clients and businesses.

Businesses are looking for ways to find time in their schedules, and the innovative Effective Services App aims to make this a realty. App-users can access calculators, check tax information, keep track of financial dates, upload receipts and manage expenses, log company vehicle miles, access bookkeeping programs, and contact their bookkeeper directly – all from one App on their mobile device.

Effective Services Smart Accounting App features

The Effective Services App is a tool for clients and business owners to use in order to easily update, manage, and access all of the key bookkeeping information they need at any time. Features of the App include:

  • Easy-to-use Calculators for tax rates, PAYG Withholding, loan repayments, company tax, GST and other important financial calculators to use on-the-go
  • Never lose track of receipts again with the Receipt and Expense Manager. Simply take a photo of the receipt, categorise it, store it, or send it to your bookkeeper right away
  • Tax Tables such as company and individual tax rates
  • An electronic GPS Logbook for company vehicles, trips, and expenses to make sure business mileage is tracked accurately and is available for export at any time for claims
  • Important Financial Dates for BAS, tax lodgement and payment
  • An Income Tracker to keep users up to date with incoming financials and multiple streams of income
  • Access from within the App to accounting and bookkeeping Apps so users can invoice clients easily from the mobile device
  • A 24/7 real-time Finance News stream for users to keep on top of the latest developments in finance

These features are designed to help users quickly see information at their fingertips whenever they need it, to update details as they go, to save time and communications down the track with their bookkeeper or accountant, and to monitor how their finances are doing from wherever they may be. The App performs multiple financial tasks in order to give users more time to focus on their other business needs.

Our App will also be updated as new finance technologies and services emerge.  It is available complimentary right now on both Android and iOS devices. You can download it here on iTunes, or here on Google Play.  Or to talk to one of our friendly Effective Services team members about your business bookkeeping and accounting needs, you call contact us today on 02 9555 2395 or visit us online.

MYOB Partner Connect 2016

September 17, 2016

Sue and Myreeann recently attended the annual MYOB partner conference in Sydney.  It was a very useful day and featured a talk by Michael Crossland.  If you haven’t heard Michael’s  story have a look at his website http://michaelcrossland.com/  He inspired me!

MYOB discussed the increased use of on-line invoices, improvements to reporting and functionality in MYOB Essentials and the increased uptake of Cloud Services by small businesses.  MYOB’s products will soon display their new branding with a ”cleaner look”.

Xerocon 2016

Sue recently attended the annual Xero conference in Brisbane.  Xero put on a really good show.  There were nearly one hundred exhibitors and over 2200 delegates.  Xero outlined their vision for the future of accounting software with new features such as built in credit check for customers, increased use of on-line invoicing and improved customer workflows.

How cloud-based bookkeeping can benefit your business

June 12, 2016

It is undeniable that we live in an era of technology, which certainly won’t be changing anytime soon. How often have you thought to yourself that going paperless and online would be an easier option for your business bookkeeping, though haven’t taken the plunge for fear of the unknown? Fear not! There are many small business owners who used to be in a similar situation to yours, though haven’t so much as peeked back once they made the game-changing switch to cloud-based bookkeeping.

The Cloud

The Cloud is everywhere you go, taking with it your business’ information, documents and accounts, whenever you need it. Unlike the fluffy white clouds above, this particular cloud is able to store all of your important and information in one secure virtual place, rather than having out-dated books and systems cluttering your office, which can potentially lead to loss of critical information if not regularly updated and stored correctly. You’ve probably been using the Cloud for your on-line banking for years, so now’s the time to automate other functions.

Aside from your information and data being stored in one convenient location, using the Cloud for your bookkeeping also automates your records, meaning that you can track your current financial information and accounts in real time, from anywhere in the world, on any supported device such as your laptop or smartphone.

Being automated means that you can spend more time on other aspects of your business.  You’ll have more time for customers, growth and new ideas, rather than sitting down and doing the books. Feeding your bank transactions directly into your accounting software means you can see how much money you’re expecting to come in, know how much you owe in bills, and send sales invoices on the go. These are all things which cloud-based and automated bookkeeping can do, and you’ll know exactly where your business is sitting financially at all times.

How can real-time bookkeeping benefit your business?

Real-time bookkeeping can greatly benefit your business, should you choose to utilise it. This particular method of bookkeeping will not only automatically synchronise all of your accounts, but it will also become the backbone of your business. Companies such as Xero offer a complete automated and cloud-based bookkeeping system, which gives you more time for other important day-to-day tasks that your business may require.

As well as offering real time statistics of your business and its figures, automated and cloud-based bookkeeping companies also offer a plethora of other services that you may have found difficult to maintain when attempting to complete manually. Not only can you view your figures in real time, but you can also manage your important documents, from remote locations, giving you the freedom to work from anywhere you choose, at anytime.

How Effective Services can help your business

At Effective Services, we offer a variety of automated and cloud-based software training and consulting which includes Xero, MYOB AccountRight and Essentials, and QBO, to help successfully grow and benefit your business. Our team are fully qualified accountants who are thoroughly trained Xero, MYOB and QBO Certified Advisors and trainers.

To discuss how Effective Services can help your bookkeeping business to thrive by switching to professional and automated accounting platforms including Xero and MYOB, contact us today on 0411 218 570 or visit us online.

MYOB Incite Roadshow 2016

February 24, 2016

Virna and Sue attended the MYOB partner Roadshow at Luna Park.  Tim Reed, MYOB CEO, delivered the keynote speech and was very positive about the future of MYOB products.  He is an interesting speaker and used the theme “Today defines Tomorrow.”  MYOB announced a number of positive changes for partners and some innovations for MYOB clients.  One notable deliverable for 2016 will be the employee portal allowing employees to enter timesheet data and retrieve payslips through a smart phone app.  MYOB will also implement on-line invoices that can be paid on-line directly by choosing a button on the invoice and entering credit card details!

Xero Roadshow 2016

The Effective Services staff members all went to the Xero 2016 Roadshow at The Star recently.  There was a huge attendance of accountants and bookkeepers together with a number of “Add-On suppliers” demonstrating their products.  The general feeling and ‘buzz’ was very positive as the various presenters each said their piece.

There were a number of new developments announced.  Many of these were aimed at the Xero partners and some will improve the interaction between the accountant / bookkeepers and their clients.  Keep an eye out for ‘e-sign’ for BAS documents, improved fixed asset registers, and a number of new reports.  Xero subscribers will also be able to take advance of the Xero partnership with Veda to credit check prospective customers.