Europe and China Drags Australian Share Market Lower

Posted by Shoebooks Team in Thursday, March 29, 2012

After negative offshore leads and some lower prices of commodity, the Australian share market closed flat.

Figures reveal that Benchmark S&P/ASX200 index went down by 3.3 points, or an equivalent of 0.08 percent. It is now at 4,270.4 points. On the other hand, the broader All Ordinaries index eased about 4.2 points, equivalent to 0.1 percent, or 4,360.7 points.

It has also be revealed that the futures contract for June share price index went down by 10 points. It is now at 4,285 points with contracts traded reaching a total of 26,655.

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Accounting Software could Prevent Billion Dollars worth of Errors

Posted by Shoebooks Team in Tuesday, March 27, 2012

Australian accounting software could now potentially be on the agenda in the territory, as recently, the Auditor-General revealed that billion-dollar worth of unaccounted errors were discovered after auditors in Australia submitted its financial records for last year.

The Auditor-General revealed in his report that the New South Wales public service department accountants had made billion dollars worth of errors.

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Small Businesses Embrace the Power of Cloud Computing

Posted by Shoebooks Team in Wednesday, March 21, 2012

More and more businesses are seeing the “light” and how useful and efficient cloud computing can be for their businesses. Cloud computing is a remote computing power that allows its users to access their business accounts through the internet. A third party poses as admin and provides the services of the cloud.

Data of the CDW’s Cloud Computing Tracking Poll revealed that about 84 percent of organizations are already using at least one of the many services of cloud computing. Furthermore, about 76 percent of those using cloud computing for bookkeeping and accounting services claim that they have reduced the cost of their applications which have been transferred to the cloud. As a result, they are saving about 24 percent every year.

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Study: Cloud Platform to Dominate business by 2014, Replace Personal Computers

Posted by Shoebooks Team in Monday, March 19, 2012

According to a new research, with the dramatic rise of cloud computing and its continuous usage in the future, it is predicted that cloud computing will make traditional PCs effectively redundant, replacing them by 2014.

Cloud computing is known to provide bookkeeping accounting computation, business accounting software applications, online accounting programs data access and management and storage resources without requiring cloud users to know the location and other details of the computing infrastructure.

Now, many businesses are using cloud computing. And it was recently revealed that the majority of CIOs across Europe and around the world believe that the cloud would be their IT operating channel by 2014.

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Aussie Dollar Higher despite Trade Deficit

Posted by Shoebooks Team in Monday, March 12, 2012

From 106.16 cents as Thursday closed, the Australian dollar was already trading at 106.28 cents last Friday which evidently showed a rise for the currency.

However, in the official figures that were released today, Australian exports revealed a drop of 8 percent in February resulting to Australia being pushed for a deficit. This is the first time to happen ever in a year. This first trade deficit may weaken the growth of the economy according to economists.

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Ways SME Businesses can be Successful with Facebook

Posted by Shoebooks Team in Wednesday, March 7, 2012

It is undeniable that social media like Facebook and Twitter have very strong reach considering that about 1/3 of the population of the entire United States of America has a Facebook account. And if it is a very useful tool for connecting with friends and family, why not utilize it for business purposes?

Yes, businesses can also benefit from Facebook. Though accounting software for small business are still among the most important tools, Facebook can also be a way to increase sales and reach more probable customers. How to do this? Here are some ways.

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Expert Says SME Business in a Tighter Lending Conditions

Posted by Shoebooks Team in Monday, March 5, 2012

In order to prevent further financial crises, regulations have been designed that will specifically hit small businesses and enterprises. This means that lending to such businesses will prove to be more difficult. This is according to Professor Ian Harper who is a partner of the Deloitte Access Economics. He is also a member of the Wallis Inquiry in to the financial system done back in the ‘90’s.

"The biggest loser will be SMEs because large institutions can go direct to the bond market to raise fund," he said after Mike Smith, ANZ Chief, said that the rules that require banks to hold more capital will affect the global economy.

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