April 10, 2024
Behind every successful business is a talented team of individuals working together to accomplish the business mission. Supporting a staff, big or small, adds layers of complexity to a business—but running payroll shouldn’t be one of them. If your payroll process is stuck in a spreadsheet or spread across multiple systems, it’s time for a […]
November 17, 2022
Individuals, small businesses, large businesses, and even governments are frequent targets of cyberattacks in the form of ransomware, phishing, stolen devices, malware, or insider theft. Typically, larger businesses have a department dedicated to maintaining a shield of protection from cyberattacks. Small businesses are perceived as an easier target by hackers because they tend to lack […]
June 29, 2022
If you have a product, ecommerce is a must. Whether your main focus is ecommerce or you’re using it as an extension of your core business, selling products online can be an incredible way to reach customers virtually anywhere. Before you launch an online store, you may want to take a minute to get acquainted […]
May 26, 2022
If you find yourself struggling to focus on what propels your business forward, consider the following three accounting strategies.
May 18, 2022
The vital role of digital transformation in businesses became very clear over the past two years. Those without a robustly digital back-office felt the wrath of pandemic-related disruption, sadly forcing many to close their doors. Propelled by the pandemic, digital transformation is a top priority of small business owners and executives aiming to future-proof their […]
May 6, 2022
A business’s success relies on its product or service excellence; the ability to stand above the competition; and most importantly, finances. This is especially true for small to mid-sized businesses as they operate on a tighter budget and lower margins while they grow. As a business owner, it is vital to know the ins and […]
April 28, 2022
It’s no secret that we love Xero cloud accounting for our clients’ back offices. In past blogs we have gone in-depth on the robust features that Xero offers, such as analytics, reporting, customized dashboards, and the ability to seamlessly integrate thousands of third-party apps. Below are some of the additional features of Xero cloud accounting, […]
April 21, 2022
For a new business owner or start-up introducing a new product, service, or concept, it’s vital to be equipped with tools that can support you and your business. From inception, finances are a key component to ensuring your business succeeds with accounting at the forefront. Cloud-based accounting apps are the key to getting your start-up […]
April 14, 2022
Many small businesses still rely on sending invoices as a PDF or on paper through the mail. Sending invoices in this way can be time-consuming at best. There are also greater risks of lost invoices, security breaches, delayed payments, and inaccurate cash flow representation. eInvoicing is a cloud-based solution to alleviate these pain points and […]
April 8, 2022
With e-commerce, the world is literally at our fingertips. With the click of a button, individuals can purchase just about anything, from anywhere in the world. As an e-commerce business, it’s vital to be set up to accept purchases and fulfill orders efficiently. Xero is the key to the business back office running smoothly, giving […]
April 4, 2022
Having outdated or nonexistent accounting processes can really take a toll on a business, eating up valuable time and exposing the business to risks. As a cloud accounting firm, we see business owners regularly experience a common set of pain points. Cloud-based accounting apps provide business owners with solutions to their biggest accounting struggles while […]
March 25, 2022
Xero is a powerful cloud-based accounting app that provides a central hub for the business’s back office. On its own, Xero can be an incredibly helpful tool for running a business and keeping the finances organized, up-to-date, and accessible on the go. Paired with other industry and task-specific cloud-based apps, businesses find themselves increasing capabilities, […]
March 3, 2022
Going green is about even more than the environment—migrating to a paperless back office has many benefits that will move your business in the right direction and increase your bottom line. If you’ve considered digitizing your back-office but aren’t sure how it would benefit your business, read on to learn how other companies with paperless […]
February 18, 2022
Nonprofits come in all shapes and sizes but with common characteristics, principles, and needs. While for-profit organizations focus on profitability, nonprofits focus on providing for the community around them and managing incoming funds. Nonprofit organizations are held to certain standards in order to maintain their tax-exempt status, which requires full financial transparency and reporting. Cloud-based […]
January 26, 2022
Many business owners who have been running the same company for the better part of their lives see the business as their legacy—a future for their children, grandchildren, and generations to come. It’s not uncommon for them to hold close the things that brought success in the past, which can also lead to resistance when […]
January 24, 2022
If you’re in the business of short-term rentals, you won’t want to miss out on the many tax deductions available to help offset your rental income. But in order to take advantage of the money-saving deductions, it is crucial to keep a detailed record of all transactions. No matter how big or small, every expense […]
December 21, 2021
What if we told you that the majority of your accounting problems could be solved with one simple answer? Adopting cloud-based accounting apps and processes can be the solution to many of your biggest pain points. Done right, the solution goes far beyond accounting, positively impacting many aspects of your business. But that’s the key—you […]
December 7, 2021
Have you ever invested in new technology just for it to fall flat? Organizations today are increasingly migrating their business to the cloud, but too often poor technology adoption rates result in an unfavorable ROI. Or, stated plainly, leadership excitedly rolls out a new platform, but no one ends up using it. Before you ditch […]
November 9, 2021
Ecommerce businesses have been on the rise ever since their inception, and the pandemic offered online sellers an added boost. Small businesses have just begun to scratch the surface of possibilities open to them with ecommerce. With the world’s goods and services at our fingertips, just one click away, online purchases continue to soar. Some […]
November 5, 2021
With the holiday shopping season quickly approaching, ensuring your ecommerce business is prepared for the rush is top priority. Although we are slowly returning to pre-pandemic shopping norms, there is no doubt that vast numbers of consumers will be shopping online this year. There is pent-up demand, savings are high, and the stock market is […]
October 15, 2021
Running a medical practice can be demanding, pulling in every direction at once. From managing patient care and follow-ups to the back office and financial side of things, healthcare goes far beyond caring for the patients. We support medical practice managers in streamlining and automating their back-office processes, running everything through Xero as the central […]
September 29, 2021
Are the books in your medical practice looking a bit under the weather? Keeping up with accounting can be a struggle for many clinics, particularly when it comes to a single practice with multiple locations. Adopting cloud-based accounting apps can get your books back on the road to recovery. Whether you’re just opening your doors […]
September 14, 2021
Digitizing your business serves to reduce risk, save valuable time, and enable you to meet your customers where they are while staying competitive in your niche. Digitization should be a top priority of any business owner, but like many changes that appear daunting, successful digitization projects often fall behind. Choosing the right software and properly […]
September 8, 2021
Once you’ve perfected your recipes, one of the best (and most commonly overlooked) projects you can take on to set up your craft brewery for success is to automate your accounting processes. Running a brewery with cloud accounting will enable you to focus on what you do best—keep customers coming back for more. Below are […]
August 31, 2021
E-commerce businesses have exploded in popularity, and the industry offers ample room for growth in nearly innumerable product lines. Getting your accounting processes set up properly from the beginning of an e-commerce business is vital for long-term success, and it’s a task to tackle even before you make your first sale. Consider the following to […]
June 28, 2021
2020 threw a curveball to many small businesses and their employees, but it wasn’t all bad. Those businesses that rolled with the punches and were open to change saw some great opportunities once they were up and running for remote work. Many companies that had previously shied away from offering flexible work arrangements ended up […]
June 14, 2021
Once you’ve got a business idea and are energized to hit the ground running, there are some important early steps that you shouldn’t skip. Entrepreneurship is a mix of intelligence, tenacity, hard work, and dedication—and then there’s that need to know how to start a business. If you’re ready to take your passion and turn […]
May 27, 2021
As we head into summer, many small business owners are looking forward to making up for lost vacation time. Is your business set up to run efficiently while you’re away? Our cloud accounting division, GCT Technology & Accounting, can help you transition your books to the cloud and automate manual processes. Businesses on the cloud […]
May 20, 2021
We love cloud-based accounting systems, but we also know that every industry and every individual business has different needs when it comes to back-office functions. Accounting apps are far from a one-size-fits-all approach. A clothing boutique will have very different needs than a brewery, for example. product-based businesses may require an inventory system, built-in marketing, […]
May 5, 2021
There are certain accounting functions that just about every business requires, such as payroll, expense tracking, bill pay, and document management. Some of these functions require daily attention, so why not simplify and automate the process? Doing so can save you valuable time and money, and also helps to reduce the mistakes that are inevitable […]
April 12, 2021
There’s no time like the present to be on the cloud—the Xero cloud, that is. With the shift to hybrid work environments, migrating to a cloud-based solution has become essential to making businesses run smoothly. Virtual collaborations ensure easy, secure data transfer, as well as the critical ability to run your business from anywhere. So […]
February 16, 2021
I don’t believe in data entry. Do you know how many other things you could accomplish if you and your team could take those hours devoted to data entry and apply them to the areas of your business that need a human touch? Automating data transfer can free up untold amounts of time, not only […]
August 26, 2020
Many small businesses like to think that their size insulates them from fraud. In reality, though, the opposite is true – small businesses are big targets for would-be fraudsters. According to the ACFE Report to the Nations, small businesses are two times more likely to experience billing and payment fraud and four times more likely to experience […]
June 27, 2019
We spent last week at Xerocon, an annual event that brings together cloud accounting leaders for education, inspiration, networking, and good times (accountant-style). One recurrent theme was automation—perhaps an obvious topic for a cloud accounting conference since we’re all about automated business bookkeeping tasks, but also a prevalent topic in every business field right now. Countless […]
January 14, 2019
As we work with clients to bring their accounting onto the cloud and provide cutting-edge business advisory services, we’re always evaluating our tools, technology, and methodologies to make sure we’re recommending the best possible solutions. One of our favorite cloud apps that we recommend to all clients is Hubdoc, which streamlines, organizes, and extracts data from […]
December 19, 2018
If you’ve ever purchased a business app, migrated your data, tried to use it, and realized it didn’t work—you’re not alone. We hear about this a lot. Business owners tell us that they tried to use accounting software or an accounting app to automate a particular process, and it was a big flop. We’re going […]
November 2, 2018
Putting together a business plan isn’t something you do overnight, so it can feel unnecessary when you’re trying to get your business off the ground. As you get into the weeds with your business, however, your business plan becomes a compass for growth and sustainability. Here’s a story from one of our clients about how […]
July 18, 2018
Listen, we get it. All these crazy new technology fads can feel a little, well, annoying. Can’t I just do things the way I’ve always done them? Why do I need to put everything on the cloud? Isn’t that how hackers found all those embarrassing celebrity photos? My way or the highway and that’s just […]
February 13, 2018
Xero recently announced the next phase of its partnership with Stripe: enabling Xero customers to accept Automated Clearing House (ACH) bank transfers via its integration with Stripe. “Our ultimate goal at Xero is to make sure small businesses are getting paid as quickly as possible, while making the experience from set up to reconciliation seamless,” said Craig […]
January 23, 2018
We check our phones about 85 times a day. Chances are, you’re reading this on one right now – or it won’t be long till you check it again. A staggering 70% of internet traffic now comes from mobile devices. This ‘smartphone addiction’ gets bad press these days. For any small business owners, rather than a […]
October 12, 2017
“Xero for us, was the perfect tool to give us the ability to easily understand what our financials look like at the moment” says Sebastian. Sebastian Freude, chief of staff at San Francisco-based Good & Co, has a belief that there are no bad employees or companies – just a bad fit. So it’s no […]
September 5, 2017
Over the last 10 years, technology has driven huge amounts of change in the finance sector, redefining the very foundations the industry was built on. This fintech revolution is being powered by a wave of disruptive startups. They are completely reshaping the finance sector, otherwise known as the ‘root and branch reconfiguration’ of the ageing […]
August 22, 2017
Research suggests more than one-fourth of start-ups fail due to a cash crisis. While profits look appealing on an income statement, cash pays the bills. If you’re struggling to convert your sales into cash fast enough, consider the following ways for your business to get paid faster. Invoice Immediately Using Email Your clients aren’t obligated […]
August 18, 2017
Xero, the accounting software that allows ours clients to understand and grow their business every day, exists to empower small businesses. This is why there’s no greater reward than to receive positive praise from small businesses owners and key decision makers themselves. 5 out of 5 overall satisfaction In an annual survey conducted by Canstar […]
August 1, 2017
Article reposted with permission from Xero. A huge congrats is in order for our app partner, Receipt Bank. In one of the biggest deals in UK fintech since Brexit, it’s just raised $US50 million in a Series B funding round, led by Insight Venture Partners. Receipt Bank is one of the most popular integrations in our app marketplace, […]
September 9, 2011
Computers are wonderful things especially when combined with a point of sale system. Gone are the days of counting back to make change, matching the drawer to your printer tape, and in some cases even 10-key. Instead, when you place an order, the cashier simply pushes the button that corresponds to the product or service and […]
September 16, 2010
Quickbooks Online has recently updated their Quickbooks online payroll module and moved the data to a new platform. While this was intended to be a seamless process, some clients have experienced loss of data, changes to the way accounts are linked and payroll items behave, and in some cases have been required to resubmit e-filing […]