As businesses have been affected by the COVID-19 pandemic, the majority of people are currently working from home. This has led to several challenges for businesses. These include: Companies seeing sudden growth and their accounts software is no longer suitable for their needs Finance teams struggling to manage with systems that cannot cope with remote […]
When you first start your business, accounting systems such as QuickBooks, Xero et al. fit the bill perfectly. However, as your business grows, so do your requirements and needs. This often leads to companies struggling with the limitations of the system that was once a perfect fit. If you feel like QuickBooks is beginning to […]
For clarity Xero is a great accounting solution for small businesses. This blog is not about disrespecting Xero but instead looks at common issues that lead businesses like yours to search for Xero alternatives. The following are common example of when businesses start to struggle with Xero. Legal entities – Xero does not support multi-entity […]
Cbiz launches its Cbiz CloudStart solution A solution to support finance teams A complete new financial system in 40 hours Includes user training A solution to the challenges faced by finance departments & home working Cbiz has today launched their Cbiz CloudStart solution, a rapid implementation model for finance teams to help them deal with […]
Cloud Computing For some, it may come as a surprise that cloud computing is a technology trend, rather than a de facto way in which businesses utilise technology for competitive advantage. Cloud computing has been proven to make business more efficient, and therefore more profitable. For almost all industries, the cloud changes how people work, […]
Accounting solutions help support your growth Business constantly evolves. As it does, it needs the right team and the correct accounting solution to support it. One of the core needs of any business is to have a solid accounting system to help it understand its profitability, cash flows, send & record invoices, etc. At some […]
As your business grows, so do the challenges thrown down to finance teams. Customer expectations increase, and so do the requirements of senior management and the board. For SME’s making a change to accounting software may seem like a daunting task. However, with the complexity of business and with increasing challenges; if you don’t keep […]
What is Making Tax Digital (MTD)? A new piece of legislation, to be introduced on 1 April this year, MTD is HMRC’s solution for UK business owners (or international companies with UK offices) to easily submit correct calculations and keep on top of their taxes. HRMC’s long-term aim for MTD is for it to help […]
One underused area of NAV (formerly Navision) is the ‘Reminders’ option, which allows you to manually set your own up or create an automated process, and choose from a range of methods to send reminders. This allows for more efficient credit control. NAV gives you the flexibility to choose which customer you want to send […]
Using NAV for Reconciliation There are many ways to reconcile your bank accounts in NAV (formerly Navision). One method uses the basic ‘Suggest Lines’ function to manually populate the bank reconciliation and check for differences, which then posts the interest or any other items missing. CBIZ have customers are doing their reconciliations in many ways […]