The Invoice Lifecycle Understanding the accounts payable process An invoice goes through various stages, from the moment a sale occurs to when you get paid. Understanding and managing every step efficiently can make a massive difference to your bottom line, especially in the case of new start-ups and small businesses. By understanding all... Read more

Is adopting accounting software worth the time? You will often hear your Accountant, or more likely your bookkeeper, speak about a "Chart of Accounts" or "General Ledger" which stores all of your business transactions in much the same way that the cupboards, shelves and draws in your kitchen are used to store the pots, pans and ingredients... Read more

Mind your own bees wax There is a common misconception in business that doing something manually without external help is more cost effective than getting someone else to do it for you. There are many distractions facing business owners today and unless they focus on the areas that bring in the greatest return they are... Read more

Business process outsourcing in the Cloud Not long ago, all of a business’s work was done by employees at locations provided by the company. Advances in technology, most notably the Internet, and more recently the birth of Cloud hosting and Cloud computing, have enabled many business processes to be outsourced around the world. No longer does a... Read more

Reach Accounting and Netregistry race past 10,000 Cloud sign ups in 33 days It's exactly 33 days since the launch of Netregistry's FREE cloud-based online accounting software and we are pleased to announce that on the last day of the 2011 financial year we have surpassed 10,000 sign ups. This cloud software endeavors to provide an easy-to-use online accounting solution that's tailored specifically... Read more

250,000 business owners to be given free online accounting Netregistry, Australia’s leading small business provider, today announces a deal to provide all 250,000 Netregistry customers with free online accounting software. Netregistry has partnered with Reach Accounting, to rollout their elegant and easy-to-use product, that’s tailored specifically for Australian small business. CEO of Reach Accounting, Var Fernando says, “Having developed... Read more

The perils of shoebox accounting for SMEs Small business offices around the country contain shoe boxes full of business receipts and invoices. As the months roll by and the data accumulates, your business is sitting on a growing problem. I believe that maintaining financial information in a digital form is an essential survival tool and a competitive... Read more

The need for online accounting In the year 2000, business owners already had enough to do and when GST was introduced, they were lumbered with more paperwork and compliance costs. On top of that, the Internet was exploding. I believed the shift from purchasing desktop software to simply using online software services would be as... Read more

Top 10 tax tips Take the strain out of the end of the financial year! It’s that time of the year again where the tax man comes knocking and expects you to have all your financials in tip-top condition. Small business owners can often feel the strain as the end of the tax year... Read more