There Has Never Been a Better Time to Get onto Xero

There Has Never Been a Better Time to Get onto Xero

GoFi8ure, a company that provides premium accountancy solutions, urges customers and businesses to look into Xero training. Xero is an online accounting software designed to aid small businesses and their advisors to adopt more efficient processes.

GoFi8ure has developed a tailor-made training programme that makes use of your unique data for ease of learning. It utilises a 12-step ‘best practice’ checklist to ensure ease of learning.

The team at Xero explains, “With Xero’s online ‘in the cloud’ accounting software, your accounts are transparent, giving you a real-time view of your business at a glance with a snapshot of all of your transactions on the dashboard and so much more.”

GoFi8ure also provides custom-fit Xero training designed to tackle specific needs. Xero Training is available in four options:

– Xero Fresh is a refresher course designed to test the checklist in-action in your business, and covers output requirements, management reports, GST reconciliation and end of year preparation for chartered accountants.

– Xero Mate is an entry-level course where you learn steps 1 to 6 of the checklist and cover basic Xero concepts, such as the Xero dashboard, accounts basics, bank accounts, contacts, finding help within Xero, and general Xero queries.

– Xero Hero is a comprehensive course where you learn steps 1 to 12, and cover reports, price lists, charts of accounts, organisation, tracking, fixed assets, foreign currency, and more!
Last but not the least, Xero2Max is a course for business owners who have completed the Xero Hero course, and are now able to harness the data in Xero in order to measure their performance, and reconcile their financial position monthly.

Contact us to discuss your Xero training requirements further. 

Set your business up for success with the right structure

Set your business up for success with the right structure

 

The structure of your new business has repercussions in terms of tax, costs and the protection of your assets. When you decide on what structure you’ll use, keep in mind your future plans, because this may impact your decision.

There are three main structures you could consider.

Sole trader:

If you’re operating on your own, this may seem an obvious choice. It’s a quick one to set up and incurs minimal costs. Bear in mind that a sole trading business can be trickier to sell, and you are taking on greater personal risk in establishing the business. It may be worth looking into how you can protect your personal assets, should anything go wrong.

Partnership:

If you’re working with a partner, you could consider this option. It lets you share the load, along with the costs of getting a business established. You’re also sharing the risk and potential liabilities.

Company:

Setting up a company means more admin and higher costs to get going. You’ll become a ‘director’ as the person who runs the company, and a ‘shareholder’ as a part-owner. Companies have additional reporting duties, but you assume less personal risk. Also, the clear structure and reporting involved, may set you up for an easier sale when the time comes.

You could also consider setting up a trust, but as this is a relatively expensive and complex undertaking, it’s less likely you’ll go this way initially. You can change the structure as your business develops, but it’s important to consult with your accountant, lawyer or advisor as you go.

Before deciding, think ahead to the future you want for your business.

Ask yourself:

How am I hoping to grow the business? If you plan to bring on additional people to run the business alongside you, a company or partnership arrangement may suit.

When do I want to sell the business? Again, while selling any kind of business is possible, the clarity provided by a company may be an advantage and make your business more attractive to a buyer.

How sure am I that this business will succeed? It may be that you are setting out to prove a concept or explore a business idea. If this is the case, you may not look to incur too many costs up-front, and a sole-trader or partnership model may appeal.

Whatever you decide, make sure you understand the tax implications. Talk to us before setting out on your new venture.

 

GoFi8ure Claims the Top Spot in the Top 10 Female-led Accounting Firms

GoFi8ure Claims the Top Spot in the Top 10 Female-led Accounting Firms

The mobile accounting and bookkeeping firm GoFi8ure celebrated a big win recently, as it has been named the number one female-led accounting firm in New Zealand. It also claimed the third spot in the top 10 pro-bono accounting firms in New Zealand.

GoFi8ure has been providing customers the peace of mind they need with premium accountancy and bookkeeping solutions since 2002. From GST reconciliation, to payroll, reporting, and tax compliance for businesses, GoFi8ure’s financial services have been catering to a range of businesses’ specific needs across the nation.

With years of experience and a wealth of expertise in the industry, GoFi8ure has proven successful in catering to varied small businesses. This win further solidifies GoFi8ure’s cutting edge approach to the accountancy sector.

Previously to this achievement, GoFi8ure set the bar high for itself with a number of very prestigious business awards. Among other wins, it has been recognised as Xero New Zealand’s Bookkeeping Partner of the Year in 2013, 2016, and 2018.

On the first-place position, GoFi8ure said; “This is a significant achievement for the company to be recognized in this nationwide survey headed by Stuff. A massive congratulation to our two Directors, Lisa Martin and Tania Hayes on running such an amazing accounting company and of course a huge thank you to each of our amazing GoFi8urines. It’s a team effort. #hugagofi8urine.”

GoFi8ure is all about giving you more time to run your business, which in turn allows you and your company to grow further. Optimizing your processes with efficient and accurate bookkeeping and accounts management services in the path to developing your brand to it’s fullest potential.

GoFi8ure offers services in Wellington, Hutt Valley, Wairarapa, Auckland, and Dunedin. The company also provides cloud-based services nationwide.

GoFi8ure named #1 in the top 10 female-led accounting firms and top 10 pro-bono accounting firms New Zealand!

WOW!! Have you heard?!

GoFi8ure have been announced as #1 in the top 10 female-led accounting firms in New Zealand. Not only that – we have also been announced 3rd out of 10 Top pro-bono accounting firms in New Zealand.

This is such an amazing achievement for GoFi8ure to be recognised in this nationwide survey by Stuff. A massive congratulations to our two Directors, Lisa Martin and Tania Hayes on running such an amazing accounting company and of course a huge thank you to each of our amazing GoFi8urines. It’s a team effort. #hugagofi8urine

 

GoFi8ure turns sweet 16

This week GoFi8ure celebrates it’s sweet 16th birthday!  

It was back in 2002 when GoFi8ure was first formed by Founder and Executive Director Lisa Martin.

Fast forward 16 years, we have an experienced team of 14 Accountants and Bookkeepers throughout New Zealand. Having longevity in the market place means current and future clients can trust us. We are also award winning which means we are experienced, professional and take pride in our GoFi8ure promise and services that we deliver to clients.

We have so many exciting things coming up in 2019 – we cannot wait to share them with you so make sure you stay tuned!

Meet New Zealand’s Latest Xero Platinum Partner, GoFi8ure

Meet New Zealand’s Latest Xero Platinum Partner, GoFi8ure

Xero Platinum CertifiedSeptember has certainly been kind to GoFi8ure, a leading accounting, tax return, and bookkeeping service in New Zealand. GoFi8ure started the month by snagging accounting software company Xero’s coveted Bookkeeper of the Year award. More than the award, the company made history by becoming the first bookkeeping practice in New Zealand to become certified as a Xero platinum partner.

 

GoFi8ure attributes this success to a journey 9 years in the making. The company put their trust in Xero, and this opened up fresh opportunities and innovative solutions, becoming a highly beneficial partnership. 9 years of hard work later, and the company has finally gained recognition for its stellar performance through the opportunities the certification will bring.

Xero isn’t your average, run-of-the-mill accounting software developer. Largely based in New Zealand, it has since grown to serve clients across the regions of Australia, the UK, the UK, Canada, Asia, and South Africa. Key features of the software include auto bank and credit account feeds that can be sourced through the cloud.

The Xero partner program provides big boons to companies through its many extra features as well as the addition of fresh clients. Xero has grown to become the preferred bookkeeping solution by many industries and companies; as more and more companies started using Xero, GoFi8ure realized the importance of polishing and optimizing their Xero training. As a result, the company has reaped the benefits of Platinum accreditation.

GoFi8ure attributes their success to customer interactions that have been more proactive than reactive. Their accountant training has always been geared toward understanding the clients’ need first and foremost and working their way towards their satisfaction. After all, an accountant that’s passionate about helping clients is good for everyone.

GoFi8ure still possesses the same passion toward helping businesses perform and achieve impressive financial results. For inquiries about working together, or simple curiosity about Xero, drop by https://gofi8ure.co.nz/ now!

Creating Excellence in Business

Excellence in Business

 

 

 

 

 

It is very easy to get comfortable with just being good in the business world. Being good at what you do means all is well – things are moving the way they are supposed to, and everything is under control. The financial equivalent of this, known as “treading water”, does not equate to success but rather, stagnation. In business, just as in nature, it is always better to be proactive then reactive when striving for excellence. By focusing on constantly pushing yourself and your business to be in a constant state of growth, both yourself and the company you lead will be constantly evolving and improving ahead of your competitors.

Here are some thoughts to keep in mind for yourself and your business as you strive for business excellence:

1. Realise that there is always room for improvement
It is very easy to say “I’m good” and leave it at that. Google is famed for saying “We are Always in Beta”, and Business Insider once published an article “Always Be in Beta or You’ll Never Learn Anything New”.  The article mentions the value of learning, as learning keeps stagnation at bay. It also states, “in the early stages of learning a new subject, people feel as though they have nothing to lose, which makes them more likely to accept failure as part of the process.” This mentality will enable you as a business owner to add more power and range to your skill set, as well as become more comfortable with the risk that comes with learning curves.

2. Do not get too comfortable
Ignorance is bliss, but it is also dangerous, which is exactly what getting comfortable in the business world defines as. While you are sitting back being comfortable, others are advancing, strategising and closing in on any distance you have put between yourself and your competition. Strive to stay relevant and vigilant, and remember that success is not a destination, but rather a goal which constantly evolves and manifests with the company’s growth itself. Think of your business as an athlete; there is no such thing as a comfortable and effective workout.

3.  Do not give your clients a reason to go elsewhere
We are all human, and sometimes mistakes are made. However, there is no reason why you cannot apologise, provide feedback and agree on a solution to fix these mistakes with your clients to retain their business, and look for ways to improve. At the very least, you should make sure that you are doing a better job than your competitors. Even if you feel you are already doing this, it is worth asking yourself a couple of times a year, “if a competing company opened tomorrow, would I have any reason to be worried?”

If you would like to talk to GoFi8ure about how we can make your business more excellent send us an email.

GoFi8ure listed as Top 25 Most Popular Accounting and Tax Services for 2017

GoFi8ure listed as Top 25 Most Popular Accounting and Tax Services for 2017. 

Recently GoFi8ure were advised that we made the Top 25 Most Popular Accounting and Tax Services for 2017 through Search4Accountants. How cool is that!

If you are looking for an accounting firm that you can trust, check out our profile by clicking here.

GoFi8ure – in the business of helping you work smarter with better tools, information and advice when you need it.

 

 

 

Learn how to use Xero to run your business

Learn how to use Xero to run your business

There are various stages of what we call the “Xero journey”. The Xero journey is a pathway of learning about how to use Xero and the Add-On software products available so businesses can streamline their processes.

So, where are you on your Xero journey? What do you need to learn now?

1. You have never heard about Xero and currently spend hours entering data into a spreadsheet or other accounting software.

2. Heard of Xero but not confident about how “the Cloud” works but you do not want to be left behind.

3. You have recently started using Xero & are loving it! You are telling all your friends & feeling confident you can do this!

4. You have been using Xero for a while and have started looking at reports regularly, but things just do not look right and the numbers are not making sense. You need someone to help you understand the numbers and check your Xero to make sure it is accurate and up to date.

5. You have found an Add-On solution that you believe meets your business needs but you do not know how to implement it or use it.

6. You are telling all your friends about how Xero and the Xero Add-On’s have changed your life!

Getting the absolute best from your accounting software helps to make everything else in the business run like clockwork. Learning the best tips and tricks for using your Xero account to its true potential is a great way to improve your accounting, cut out a big chunk of admin and get a better view of your business health.

If you would like to talk about booking in some Xero training get in touch by emailing us on enquiries@gofi8ure.co.nz or call us on 0800 463 488 today.

 

How to avoid going insane in your business in 2018 eBook

"How to avoid going insane in your business in 2018" GoFi8ure eBook.How to avoid going insane in your business in 2018 GoFi8ure eBook.

As 2017 comes to an end, it is the perfect time to reflect on the year that has been and the new year that is coming.

Click here to download your copy of our complimentary How to avoid going insane in your business in 2018 GoFi8ure eBook. 

From the team at GoFi8ure, we wish you and your loved ones a Merry Christmas and much success for 2018.