SME Business Sales Raise in September, Eurozone Up Bailout Fund

Posted by Shoebooks Team in Wednesday, October 26, 2011

According to the recent ANZ small business sales trends report, small business sales lifted for the fifth consecutive month in September. The report shows small business turnover increased by 5.2% year on year.

Based on ANZ data on the value of credit, debit and Eftpos transactions through its merchant terminals and ANZ card transactions processed through other systems for businesses, at least two-years-old with annual turnover less than $5 million.

ANZ Head of Australian Economics and Property Research, Ivan Colhoun, said year-to-date growth is "fairly flat" at 1.7%. "And with headline inflation running at around 3.5% y/y in 2011, this implies real (inflation-adjusted) small business sales growth is still relatively weak in September," says Colhoun.

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Australia: Popular Place for Cloud Computing

Posted by Shoebooks Team in Monday, October 24, 2011

Not many countries have grasped the advantages and benefits that cloud computing offers like Australia.

In the new survey conducted by Forrester on behalf of VMware, Australia’s fondness for cloud computing, the accounting software for business, has once again been emphasized. This was according to the report of itWire.

Cloud computing has been perceived as a strategic business investment by some 47 per cent of businesses in Australia. This is in comparison to other markets as its number one benefit is cost reduction.

Compared to over a year ago, there has been an increase of seven percent in small businesses in Australia that already using accounting software for business. This is shown with 67 per cent of them using cloud computing.

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Cloud Computing Users Should Ensure Good Relationship with Provider

Posted by Shoebooks Team in Wednesday, October 19, 2011

With many companies now using cloud computing solutions, companies using these latest cloud computing solutions have been urged to make sure that they have a good relationship with the manufacturer that is providing them.

According to Seth Robinson, one of the authors of the CompTIA second annual Trends in Cloud Computing report, the so-called Service Level Agreements, or SLA, is a key factor in any deal to purchase and secure a cloud computing contract.

Robinson further said that a SLA is "very important" and an agreement must be reached prior to any investment in technology taking place. This is so because there are so many companies that go directly to the internet and just pick up services and sign off on things and begin using them.

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Auditor-General Could Spell Trouble for SME Businesses

Posted by Shoebooks Team in Monday, October 17, 2011

According to the opposition, it could mean disaster for businesses as there is a move to sharpen the teeth of the auditor-general.

The private member’s bill of independent MP Rob Oakeshott that targets to give the auditor-general greater powers to follow money trails and to ensure the government gets its money is being debated by the Senate.

The audits will be extended to government business enterprises such as NBN Co. should the bill be passed.

Furthermore, the bill will also allow the investigation on how federal money has been used by states and territories and assess the performance of contractors such as home insulators.

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Fair Tax Scheme: Lift the GST

Posted by Shoebooks Team in Wednesday, October 12, 2011

Despite the Australian government's edict of the Goods and Services Tax (GST) issues as taboo subjects in the recently held tax summit, business groups are still set to ignore the edict by advocating for the lifting of the GST and changing the mining tax.

Moreover, accountants, Australian accounting software providers and the common Australian citizens stated that the lifting of the GST rate could help make the Australian tax system fairer.

The Goods and Services Tax (GST) is a broad sales value added tax of 10% on most goods and services transactions in Australia.

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5 Key Cloud Computing Ways Revolutionizing the Business World

Posted by Shoebooks Team in Monday, October 10, 2011

What initially started as a simple tool is now becoming a very popular accounting software for businesses as it offers businesses a way to save money. Companies are already doing their working practices in ways that suit the cloud computing technology.

Eighty percent of the 900 organizations surveyed by KPMG are saying that they have plans of adopting the cloud computing technology. Ten percent of them are already using the accounting software at present.

Basically, cloud computing is “the process of sharing IT resources to achieve more power and productivity with fewer costs and roadblocks”.

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Factors for a Successful Cloud Computing

Posted by Shoebooks Team in Wednesday, October 5, 2011

Cloud computing is a new accounting software that deploys information in the “clouds”. This helps a business save space as they no longer need many computers to store data and information. The data are stored in a data center and web servers provide the information.

However, much as it is considered advantageous, there are users still who fail even after they have used an online accounting software. In order for a successful cloud accounting operation to happen, then the following factors have to be considered.

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CIOs Embrace the Benefits of Cloud Computing

Posted by Shoebooks Team in Monday, October 3, 2011

While majority are convinced of the advantages of cloud computing to companies, Chief Information Officers (CIOs) are giving their thumbs-up to the new accounting software for business.

According to the research conducted by Xantus, an independent management consultancy, 23 percent of CIOs are presently using the technology as reported by ComputerWeekly.com.

In addition to that number, the accounting solution will be adopted by another 53 percent in the next 12 months.

However, there are still a number of companies that are unsure of the benefits of cloud computing which makes them hesitant to use it.

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