Get one component wrong, and it can throw your entire calculation off kilter, messing with your profit margins and even landing you in hot water with the tax authorities. The real challenge, and where most businesses get tripped up, is nailing down what goes into each of those numbers. If [...]

Some customers would have happily paid full price, while others might be low-volume buyers who don’t justify a deep discount. Having robust integrations between your sales and accounting platforms is a great first step. When handled incorrectly, discounts can create a messy financial picture, leading to inaccurate reports and poor [...]

We believe Xero has made a huge positive impact on accounting in New Zealand. It is very user friendly, and when set up correctly, and kept up to date it will drastically reduce your end of year accounting costs. This tax is based on the net income of your business, [...]