So, you’ve made the decision to move to Xero. Congratulations! The Xero accounting software suite is the best of the best when it comes to handling business finances. Xero will take your business’ financial governance to the next level. Whether you’re migrating to Xero from other accounting software like MYOB or Quickbooks or transitioning from a more manual accounting process,...

Keeping Company has been recognised as an ABA100 Winner in The Australian Business Awards 2021 in the category of Business Excellence! In their sixteenth year, the awards are an annual all-encompassing awards program that recognises organisations that demonstrate the core values of business innovation, product innovation, technological achievement and employee engagement via a set of established business and product award...

What is the number one factor which can sink even the most successful business? Cash flow. Maintaining cash flow is absolutely essential for businesses to operate successfully and sustainably. Without sufficient cash flow, you won’t be able to pay your employees or suppliers, cover your rent or purchase product, which can quickly cause the business to spiral out of control....

As a business matures, there comes a time when more sophisticated financial governance will be required. This often occurs when the business is on the cusp of significant growth, has ambitious goals, may be held back by limited insights into their financial situation, or is experiencing issues with cash flow, costs or profit. Whether your business is looking to take...

Under new changes to the Corporations Act 2001 (Cth) and the Treasury Law Amendment (Registries Modernisation and Other Measures) Act 2020 (Cth), Australian company directors are now required to verify their identity through a new director identification number (director ID) requirement. These changes came into effect on 1 November 2021. What is a director ID? A director ID is a...

If you’re considering outsourcing your bookkeeping, there are several benefits beyond simply saving your business time and money. When handled in-house, bookkeeping is often managed by someone without an accounting background or if they do have an accounting background they may be more junior. This can limit what you can achieve through your bookkeeping. When bookkeeping is outsourced to experts...

Competing with companies from across the globe, Keeping Company was named the winner of a Bronze Stevie® Award in the ‘Business or Professional Services – Small’ category in The 18th Annual International Business Awards®. The International Business Awards are the world’s premier business awards program. All individuals and organisations worldwide – public and private, for-profit and non-profit, large and small...

The COVID-19 pandemic has created some of the most challenging circumstances modern businesses have ever faced. From economic uncertainty, to navigating lockdown restrictions, businesses have had to quickly adapt and pivot to survive. The conditions have intensified some of the more common accounting challenges businesses face. Here’s how you can approach these challenges and find solutions. Cash flow bottlenecks Cash...