Do you need a virtual finance team?

Many small to medium businesses cannot afford to employ a finance director and a full finance team.  Outsourcing to a team can reduce the cost, increase the efficiency, and indeed reduce the risk (“key person risk”).  Plus, if you work within one business for a long time, you may not know it is broken and what systems advancements etc could …

Charities, Xero and us

Many charities are converting to Xero for their accounting needs, and in this article we set out the benefits of conversion and how we can help. Not-for-profit (NFP) organisations aren’t all that different from typical, for-profit companies. You’re still required to track money in and money out, you need to comply with various rules and regulations, and you’re beholden to …

Open Banking and new Xero bank feeds

New EU standards, which came into effect on 14 September 2019, have changed the way some banks connect to Xero. To comply with the new requirements, many of Xero’s bank feeds are being replaced by new direct feeds using Open Banking. Open Banking means you can choose to share your bank account information securely and electronically with companies like Xero. …

The Automatic Bookkeeper: A Genuinely Different Approach to Accounting

I think I’m still in denial about being an accountant—and it’s been my life’s work. I’ve spent my entire career in accounting and the tools that set the industry standard continue to evolve. Nothing ever stays the same, and it’s important to keep up with each new development. Here, on the small island of Guernsey, we have quite a big …

The 10 Question Bookkeeping Review: Is it time for a change?

It’s always good to have regular reviews of all aspects of the different components of your business – online marketing, logistics, business development, sales approaches, staffing and of course, bookkeeping. In business we should never get caught up in the “if it ain’t broke, don’t fix it” mindset, rather we should strive to move the business forward. Many of my …