Building the foundation for advisory services

Key technology change drives industry disruption When comparing conventional accounting and advisory, it’s usually on the assumption that the former is focused on compliance, while the latter aims at measuring and reporting on company performance. However, in reality, drawing a distinct line between the two is questionable as they are closely interconnected and advisory never […]

Centralised financial controls for a multi-entity organisation

This article focuses on understanding how leading approval automation solution, ApprovalMax worked alongside Wilder Coe, who also uses Xero, to support one of their clients – specifically, a group organisation in the UK made up of 53 individual companies. “Our client is extremely happy with ApprovalMax. The software has exceeded theirs and Wilder Coe’s expectations.” […]

How to manage approval workflows across multiple Xero files

Best practices for multi-entity organisations as well as accounting and bookkeeping practices  It is quite common for organisations to have a number of entities that need to be handled separately. Therefore they set up separate Xero Organisations, and separate Xero files are used to capture and process the respective accounting data. However, an aggregated financial […]

A Xero Partner success story: Bill Automation for construction clients

Learn the best practices of end-to-end bill automation and process optimisation for construction companies, as shared by Vianne Hills, Director of AVH Business Services. AVH Business Services is an Australian-based Bookkeeping and BAS practice, specialising in developing and maintaining systems that provide maximum efficiency and productivity.   A Time Before ApprovalMax AVH Business Services used […]

Establishing financial controls using a Xero-based Bill Automation app stack

Financial controls are the processes, policies and procedures that are implemented to manage and oversee finance and accounting activities. Examples include: accounting standards; approvals and delegations; audit trails; and informational security. In this blog post, we look at the importance of financial controls, and how to introduce them via a Xero-connected Bill Automation app stack. […]

How to add approvals after processing bills in Receipt Bank

When your business regularly deals with hard copies of bills, invoices, and receipts, it can be a real challenge to maintain order. Utilizing an Optical Character Recognition (OCR) system such as Receipt Bank can help you grab back some control over this paperwork, keeping you organized and on top of things. How Does Receipt Bank Work? […]

Come meet ApprovalMax at the Xero Roadshow Australia 2019

The Xero Roadshow Australia 2019 takes place this February, with leading accountants and bookkeepers coming together across 20 major Australian cities, and a number of regional areas too. It’s a great opportunity to learn first-hand about the benefits of Xero, hear its upcoming announcements, and demo the product features for your accounting practice. You’ll also […]

Accounting & Finance Roundup: What should you look out for in 2019?

This is a roundup with a difference. We’re looking ahead to 2019, featuring articles published recently that focus on the new year. Learn from the experts about what to look out for in the next 12 months, and let us know if you’ve spotted any other great predictions or trends. Enjoy! A caveat: These are […]

Improve customer relations with sales invoice approval

If you’re in charge of running a professional services company, such as an accountancy firm or design agency, then you’ll know first hand just how fun AND challenging it can be. Issuing hundreds of sales invoices each and every single week is probably something of a dream scenario, as this means there’s plenty of work […]