Xero

A Beginner’s Guide To Xero's Accounting Software
Business
April 12, 2023

A Beginner’s Guide To Xero's Accounting Software

At Elephant Advisory, our accounting software of choice is Xero. As we encourage our clients to use Xero when working with us, we wanted to create a comprehensive beginner's guide to help small business owners get set up with the software.

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Our top accounting tips for hospitality businesses
Accounting
February 9, 2023

Our top accounting tips for hospitality businesses

"Starting a hospitality business requires a combination of hands-on skills, a passion for working with people, and adequate funding to get off the ground. But ultimately, a key ingredient in your sustained success and profitability will also depend on having sound accounting practices in place to manage the financial and legal side of your business."

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Eight accounting tips for e-commerce businesses
Business
February 2, 2023

Eight accounting tips for e-commerce businesses

With no need to pay rent and the ability to fulfil orders from a warehouse or home, running a successful online store has become an increasingly appealing option for many young entrepreneurs and aspiring business owners. Due to the availability of low-cost start-up options and the many online selling platforms now available, Australia has experienced a significant increase in the number of e-commerce businesses operating online in recent years.

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Seven essential accounting tips for tradies
Accounting
January 12, 2023

Seven essential accounting tips for tradies

Any business owner must keep track of their finances in order to maintain ongoing financial health and the success of their business. Accounting is no less important for tradies, particularly in an economic climate of rising supply costs and tighter cash flow pressures.

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The different types of business taxes in Australia
Accounting
December 15, 2022

The different types of business taxes in Australia

Unlike income tax which is relatively straightforward for employees, tax for businesses is a much more complicated world to navigate. As a small business owner in Australia, you must ensure these tax obligations are met.

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How do I manage the bookkeeping for my small business?
Accounting
September 15, 2022

How do I manage the bookkeeping for my small business?

Keeping clean financial records is crucial when it comes to maintaining healthy cash flow, satisfying your tax requirements and tracking the success of your small business. Unfortunately, the process of bookkeeping as a small business owner can be overwhelming and difficult to understand, especially if you have no background in accounting.

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5 tips for managing your business’ cash flow
Business
May 5, 2022

5 tips for managing your business’ cash flow

Effective cash flow management requires constant focus and organisation. Whilst your business may succeed at earning a profit, you can easily find yourself struggling to pay off necessary business costs.

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Which accounting software is best? Xero vs Quickbooks Online
Accounting
February 17, 2022

Which accounting software is best? Xero vs Quickbooks Online

Accounting is never anyone’s favourite part of running a business. Luckily for business owners, the quality of online tools now available has meant that managing your accounting is far less painful than it used to be.

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