Wealth Vision Mastery Academy

Welcome back to our second edition of Xero in on the benefits your business can enjoy with cloud accounting software. In this blog, i want to talk briefly on why cloud accounting software makes perfect sense for your business. This is not a junky sales commercial but an important business strategy that you should seriously consider to implement into your business. In the last blog, i shared with you some interesting statistics about business entrepreneurs transferring their accounting software to the cloud. If you would like to see those statistics again, please click the link . Let us take a moment to understand the problems that business entrepreneurs face with traditional accounting software. The data in the system isn’t up to date and neither is the software. It only works on one computer and data bounces from place to place. If you have multiple users, the system can be very slow with error messages occurring Only one person has user access. Key people can't acce...

Are you still preparing your bookkeeping records by handwritten cash book or excel spreadsheet? Think about the time that you are wasting when you could enjoying a better lifestyle or being more productive for your business. Let us briefly explain what is meant by cloud accounting. Cloud accounting, serves the same function as accounting software that you would normally install on your computer, except it runs on a remote server that you access using your web browser, over the Internet. Data is securely stored and processed on servers—or “in the cloud”. This means you are able to access your business financials from anywhere, and using any device, as long as you are connected to the Internet. As you can see, the big benefit of cloud computing is that it lets you get at your data anytime, anywhere. The cloud breaks the chain between your office computer and your business information. The cloud takes the stress out of computing. It lets you use computers, laptops, tablets...

Welcome to a new series of blogs for 2018 on managing Cash Flow in your business. You have heard of the common expression that “Cash is King”. It's so true and cash is vital for small business survival. Cash is King is critical for businesses starting up, growing or even exiting. At any stage of the business life cycle, cash is vital. Without cash, there is not a chance for business survival. Invoicing is part of good cash flow management. Once you've delivered a product or service, don't wait to invoice - invoice immediately. A product or service that has been delivered is the closest thing your business has to cold, hard cash. The sooner you invoice your client, the sooner you'll receive payment. Some cloud accounting packages have mobile app solutions that will enable you to invoice at client's premises or when you sell a product. Delayed invoicing will harm your cash flow and your business. Consider sending invoices immediately, or on a daily basis, dep...