Xero Tip # 4 – Using Inventory Items to speed up processing Sales

You can enter your inventory items under the Settings Tab / Inventory Items.  Here you can add a description, unit price for purchases and sales (or just sales if appropriate) and select what account codes should be used. This can really speed up creating invoices if you have regular items that you use. Even if you don’t have set prices this can be great for populating the description field.  Read more

Trouble remembering Passwords then this may be for you.

One of the things about moving to the cloud is that you end up with various passwords to manage.  The tool we use here at BTP is called LastPass and it is a very good tool for saving your passwords and you just have to remember the one password to get into LastPass. Click here to learn more about LastPass    Read more

Xero Tip # 3 – Getting Paid Faster

Xero has some great features to help you to manage your Accounts Receivable(Debtors) and below we explain some of those features.   From the Accounts/Sales screen you can send Statements from here including sorting by amount paid and selecting which statements to print or send via email. Search for invoices based on client name, invoice date, invoice number or reference View Paid, Repeating, or All invoices. See the amount of invoices…  Read more

Xero Tip # 2 – Customer Invoices (Sales)

  Invoicing Features Below are some screen shots and some explanation and tips for how to use the various fields and features when creating invoices for your customers.   You can enter a new customer in Xero without having to add all the details (address etc) to create an invoice.  You can add the other details later. Enter “t” for todays date, you can also do quick enter like 15/5 for 15th…  Read more

Xero Tip # 1 – Uploading files into Xero

You can now add files directly into your Xero account. This is great for invoices, hire purchases agreements, loan agreements and any other files that will be useful in preparing your accounts and keeping stored alongside your financial data. Think of it as an electronic version of the folders we provide Here is a video about it.  Read more

Combat interest rate rises in three easy ways

Rising interest on debt can be a curse when running a small business. However, there are some quick and easy policies you can start using to combat interest rate rises. Individually, small steps can add some value to a business, but when combined they can make significant differences. Think of your business like a car in development. Improved aerodynamics, fuel injection and weight loss might separately increase fuel economy, but…  Read more

10 more quick growth tips for small business owners

Help grow your business through collaboration, expansion, improved marketing and some of the following quick tips. 1.  Improve your customer service Businesses with good customer service retain consumers and attract new business through word-of-mouth. Even if you think you’re already providing good service, make it a priority to provide refresher training to frontline staff at least once a year. Alternatively, hold regular meetings to discuss any issues as they arise.…  Read more

Choosing your business name

One of the most important decisions you’ll ever make in business is your choice of business name. A good name can create the perception of integrity, professionalism, or value-for-money. It could be your business’s biggest asset. A poorly chosen name can discourage potential customers by making your business appear farcical, or even offensive. What’s in a name If you haven’t thought of any names yet or the names you’ve come…  Read more

10 quick growth tips for your small business

Small businesses can grow in boom times as well as periods of difficulty by working smarter and taking advantage of opportunities. Put these following effective tips into practise to help grow your business. 1.  Utilise new technology Modern technology can save you time, improve productivity and reduce your operational costs. Make use of Facebook, Twitter, Google+ and other social media tools to market your business. Dropbox is a cloud-based service…  Read more

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