It’s time to work smarter,
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Cloud accounting to get your business working smarter.
We provide easy to use cloud accounting services to Sydney small businesses that can help improve your cash flow, allow you to manage your finances efficiently, and improve your business’ processes and operations. Some will say what we do is life changing.
At Orbit, we’re technology obsessed. That’s because our ‘more’ when establishing our business was to have more control over our future. The cloud accounting technology, automation, processes and productivity hacks we’ve implemented allow us to pursue our own private and professional dreams … while also saving for the special stuff. Now we want to share our tools with Sydney small businesses.
We’ll make it easy, though. We will show you where to start, what to change and how best to execute. Our approach to tech implementation is about seeing what works, in what order. Think of us as in your business rather than on your business – we have the people, the knowledge and the specific expertise to give you back the time to do what you do best. And the time we spend in your business means much more time with your clients, driving more revenue from your own core business.
Our powerful tech-tool-kit provides proven solutions for automation and efficiency in the five key pain-points of your small business:
- Sort your books
- Project delivery and profitability
- Get paid faster
- Manage customer relationships and sales
- Manage your people
We’ve got plenty of other brilliant tech tools too. Including, if you’re interested, a great app that will send someone – right now – to pick up your ironing.
We know that your Sydney business would benefit from a helping hand from our cloud accounting and bookkeeping services. We not only help with the heavy lifting of your accounting, we can show you how to integrate Xero, alongside other apps and technologies, to make your business more efficient. Cloud technology and the Xero app might be overwhelming to you, but you don’t need to worry about a thing. We will be with you every step of the way, streamlining your Sydney small business while we’re at it.
Cloud accounting is using an online accounting software that has the same, if not better, security than banks. You don’t ever have to worry about your data!
Cloud accounting and bookkeeping software like Xero, pulls all of your financial information from your bank accounts and uses artificial intelligence to analyse and help categorise some of your spending for you.
Once your financial information has been cleared to ‘zero’, you can look at your phone and say “Oh, I’ve made $10,000 profit this month and I’ve got $150,000 in my bank account. That’s awesome!”.
By being in the cloud, your bookkeeping software can also talk to your project management software or to your payroll software or to inventory software, so you’re sharing a lot of this data electronically and automatically and that means there’s less manual input you have to do.
It makes your business a lot more efficient, which saves you time and saves you money as well.
Cloud technology can get you paid faster too. Say goodbye to paper invoices and chasing up those who don’t pay month after month.
Nowadays you email an invoice, and your client can click on a link, put their credit card details in and then your invoice has been paid. Also, being in the cloud means you can easily set up monthly recurring payments and direct debits yourself without the need for any input from a bank teller.
Your accounting being in the cloud means that you don’t have stacks on stacks of paper and binders that you’re surrounded by. Your quotes, invoices and bills are now all on your computer, phone, iPad or on all three!
No longer do you need to wait for your bank statement to come in the post and balance your books quarterly to send to the tax office.
Remember when you wouldn’t have a clue how much tax you were going to have to pay or how much money you’ve made? Having a Sydney accountant that specialises in cloud technology like us, allows you to be incredibly proactive as you can see real time data.
One of the best things about cloud accounting is your ability to set automatic reminders to pay your bills and for your clients to pay theirs! It can even let them know if they can expect an overdue fee, so the hard work of chasing payment is done for you.
There are even apps like Dext and Hubdoc that take photos of your receipts and your bills to extract information, and put it into your cloud accounting so that you don’t have to manually enter that data yourself.
This is particularly helpful for applying for finance or if the ATO comes knocking. You have every piece of information right at your fingertips and you can share it with just the click of a button.
Cloud accounting means you can also connect and share your numbers with people like your bookkeeper, accountant, mortgage broker, estate lawyer or financial advisor easier than ever before.
Here at Orbit, we only use Xero as we want to be the master of one amazing cloud accounting software, as opposed to knowing enough (but never being experts) at the others.
With Xero, you have the ability to see your numbers at all times, make immediate payments or purchase orders, track income, and that’s just the tip of the iceberg.
The really good thing about Xero is that it has multiple options to connect to payment gateways like Stripe and PayPal, and E-way. There are multiple ways that people can pay you as opposed to just online banking.
The best place to start is the Xero marketplace, because that shows every app that integrates with Xero and has received the seal of approval.
There’s multiple different apps that all do very similar things. What kind of way do you prefer to work? For instance, the project management apps may use the Kanban method, list methods or features like having multiple people on multiple projects.
We help you work out exactly what problem needs to be resolved, what your budget is, and how good you are with technology to find the perfect solution that integrates seamlessly with Xero.
Here at Orbit, we are not just Sydney accountants! We are constantly thinking about your small business and what you can do better. And it could just be something simple, like implementing a ‘Zap’ to get one system to talk to another.
Cloud technology is used in multiple different apps that can really transform your small business. You can work anywhere in the world at any time, you get to see your information in real time, so you can make really important decisions in real time.
We would look at what apps and cloud based business technology are out there that will help your business be more efficient. We take a small business owner, like a Sydney chiropractor, from handwriting her appointments in a diary to electronically scheduling recurring appointments that allow her to get paid upfront upon booking.
With efficiencies like this you won’t miss out on income coming in because your clients cancel at the last minute.
Cloud technology also helps you manage your staff better by implementing apps like Happy HR where you can keep track of your employee contracts, position descriptions, and review salaries. Deputy also tracks timesheets and rosters to make payroll so much easier.
Noun To follow a path around a central body.
Our clients are always the centre of our Orbit. We can come in close or move away but the central
point – you – remains the same.
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Before we do that, here are 7 questions to get to know you a little better.