Local bookkeeping and accounting specialist, GoFi8ure, has scooped the 2015 Bookkeeping Community Contributor of the Year award at the recent New Zealand Bookkeepers Association Inc (NZBAI) conference in Auckland.
The award, presented to Lisa Martin – GoFi8ure’s Executive Director, recognises the company’s strong association with its business locale. In particular, its membership and support of the Hutt Valley Chamber of Commerce & Industry and its involvement through them in shaping the annual Wellington Region Business Expo into one of New Zealand’s stand out local business events.
Mark Futter, Chief Executive of the Hutt Valley Chamber of Commerce & Industry says: “Lisa and the team at GoFi8ure are extremely active members of the Hutt Valley and Wellington business community. They regularly put their time, ideas, energy, creativity and sponsorship into business initiatives. It is with their help that we have created the thriving business hub that we have here today not only in the Hutt Valley but also across the wider Wellington Region.”
The award also commended GoFi8ure’s instrumental leadership role in creating and developing the bookkeeping association – the NZBAI – which provides accreditation, professional development and a national network for bookkeepers.
Lisa Martin comments: “We are absolutely delighted to win this award. When you are passionate about where you work and what you do, you just can’t help being involved in everything that is going on. We see the local and regional business communities as an extension of our own company. We all want to succeed, we all want to grow, we all want to be the best at what we do – and in our world it makes sense to join forces and work together for the greater good of the area as well as the industry you are in.”
GoFi8ure was also presented with the 2015 Bookkeeping Marketing Innovation award at the NZBAI conference. This recognised the company’s bold, superhero branding and its creative approach to changing the perception of bookkeeping as an old-fashioned compliance task to a thoroughly modern, integral part of the success of any business.
GoFi8ure holds the Education in Business Award from the 2014 Hutt Valley Business Excellence Awards; Lisa holds the 2014 Leadership Award.
GoFi8ure’s Hutt Valley office is along Upper Hutt’s Gibbons Street. The company also has an office in Wellington’s CBD, a mobile team to reach the Greater Wellington suburbs and a branch in Auckland.
The third in a series of Small Business Basics by Lisa Martin, Executive Director of professional bookkeeping and accounting firm, GoFi8ure.
Cashflow – don’t let yours get down to a trickle
Christmas is coming and ‘oh my goodness’ it’s also nearly the summer holidays. You’re probably going to close your business for a couple of weeks while everyone has a jolly good break.
That’s wonderful. We all need to recharge our batteries. But, unless you are in retail and plan to only close for a day or two, this basically means no income while you’re shut – and no income can have catastrophic effects on your cash flow.
If your accounts are organised and your bookkeeping is all up to date, this shouldn’t be a problem. You’ll likely have prepared your cash flow projections some time ago for this period and will have chased up your debtors to ensure all monies owing will come flooding through before you have to pay out holiday wages for your staff.
The trouble is that only a small percentage of small businesses are in this situation. Many meander along day to day without even thinking about what’s around the corner and others tear through their business hours like a raging torrent with no time to stop and look at what’s going on. Come the end of the year, these business find that their cash flow has run dry and they have to borrow.
It’s a fact of life that small business owners are time short. However, there are a few time-efficient strategies that you can put in place to ensure you don’t get caught out:
· Control your costs – you should live and breathe this one.
· State payment terms on your invoices – so everyone knows when payment is due and you can instantly spot overdue payments.
· Send out payment reminders – send these out close to the payment date and as soon as a payment has been missed. Generate reminders via your online accounting system and you can keep track of when you’ve chased and when it’s time for a firm phone call.
· Use financial forecasts – analyse your accounts, create projections to limit financial surprises.
· Know your finance options before you need it – know how and what you can borrow. Don’t wait until you’re on the brink before you visit the bank.
And if you don’t where to start, ask your Accountant or your Bookkeeper – easy!
We are so excited to announce GoFi8ure won TWO awards at the Hutt Valley Business Excellence Awards 2014!
Education in Business – GoFi8ure (Sponsored by Open Polytechnic)
Leadership (Individual) – Lisa Martin (Sponsored by Westpac)
A massive congratulations to all the winners, finalists, nominees and partners on the night – it was the most amazing experience to be a part of such a great event. And thanks to Westpac for hosting the awards!
If you would like to watch the Education Award video please CLICK HERE
If you would like to watch the Leadership Award video please CLICK HERE
GoFi8ure are excited to be announced as a Finalist in the Gold Awards 2014. To read more about the Gold Awards click here.
Category: EMERGING GOLD
Smaller enterprises (fewer than 10 staff)
GOFI8URE: This accounting “superhero team” for small business won of the Xero Best Bookkeeper of the Year in 2013.
ECOPOINT: Developers of super-efficient LED lights with up to 90% energy saving, and five times the life.
PARROTDOG: Brewing 1 million bottles a year of quality craft beer for local and international markets right here in Vivian Street.
SOCIAL CODE: An online patient engagement platform for managing chronic disease. Listed in Entrepreneur Magazine’s 100 “Brilliant Companies” for 2013.
STQRY: A mobile app visitor guide for New Zealand, Seattle, San Francisco, and Los Angeles – with over 160,000 active users every month.
WISHBONE DESIGN STUDIO: A new generation of classic children’s products, sold through 400 retailers in 40 countries worldwide – all from Newtown.
We are thrilled to announce GoFi8ure were a Finalist in the prestigious Xerocon Awards x 2 categories.
Xero Bookkeeper of the Year – NZ Xerocon February 2014 – Winner
Xero Marketing Innovation Award – NZ Xerocon February 2014 – Finalist
The GoFi8urines had an amazing time at the Xerocon conference and awards. No Wellington fog was going to stop us from being amongst the best!
A massive congratulations to all the winners, finalists, nominees and partners on the night – it was the most amazing experience to be a part of and everyone who loves Xero is a WINNER in our books!
The Hutt Valley Business Expo was a success! We had a fantastic time and are thrilled with the turnout. A big thank to everyone who participated and to the winners of the the Top Stand award – Hometech and the most Innovated Stand – The Empire. We hope you had a great time and we look forward to seeing you next year!
Lisa Martin – Edgy about numbers and finance this year? Do you see red, black, or nothing at all when you look at the accounts of your business? Do the numbers make sense to you? If you are a business owner we can all agree days can be comprehensive, with client relationship management, staff management, meetings, marketing, estimating, and networking, let alone talking, listening, and communicating – a lot of words ending in –ing! To read more click here.
It’s no mystery that creating a successful business takes time! That’s why at GoFi8ure the team of Bookkeepers and Accountants are in the business of giving you more time, helping you to stimulate the growth of both your business and your passion. In 2002, Lisa Martin started GoFi8ure to respond to a key need of small businesses – the need for more time. To read more click here.