30 September 2012
The Australian Taxation department also call this Cash and non-Cash accounting methods. I’ll see if I can simply explain the difference between these 2 methods.Read more
4 April 2012
Should I pay my expenses when they come in or process them once a week or month?
As business owners, we should know our priorities, responsibilities, and obligations. One of these priorities, responsibilities, and obligations is paying the bills or expenses that our business makes. We all know that our income must exceed all our expenses in order to pay them and to know whether our business is profitable or not. One question that lingers on most of business owners from time to time is, “Should I pay my expenses when they come in or process them once a week or month?” We will try to get an answer for this question as we go along.Read more
15 March 2012
My business partner and myself started a software development company in 2006 called Avantic Software, mostly consulting and we got to build some pretty cool products over the last few years. We needed a project of our own, something that would get us out of this consulting game and a product we can call our own.
We had both been annoyed over the last 5 years on the lack of great and simple tools to help manage small businesses. We have both worked for large organisations that spend hundreds of thousands of dollars on Accounting, Billing and Customer Relationship products. There are also some very good software packages for medium sized businesses, if you are willing to spend up to and over a thousand dollars a year. There is nothing out their for the micro to small business, unless you are a big fan of excel.Read more