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Cloud Accounting vs Desktop

This is a topic that a lot of people ask about, and the main question that needs answering is: “Why move to cloud accounting?” There are a couple of very clear reasons why, such as the fact that you can do it from anywhere and access the information you require from...

You’re behind on your SARS payments. Now what?

Keeping your business tax compliant is vitally important if you don’t want to face heavy fines and penalties from SARS. That’s why, if you currently find yourself in a situation where you’re behind on your returns and payments, it’s best to address it as soon as...

Essential Guide to Creditors: Best Practices for Accounting

Introduction to Creditors In simple accounting terms, a creditor refers to a party that has delivered a product or service to your business. In other words, someone you owe money to. When it comes to managing creditors, software like Xero and Dext have a significant...

What are Monthly Management Reports and How to Create Them

Strategy is an essential part of running a business. And the best way to build a strategy is on a foundation of business data. This is where management reporting comes in. But what exactly is a management report, what should be included and what are the benefits of...