3 min read
The Best Way Tradespeople can Keep Their Van Safe from Theft
As a tradesperson, you know your van is more than just a vehicle; it’s a mobile workshop and a crucial part of your business.
Quoting
Scheduling
Tracking jobs
Managing on the go
Managing teams
Invoicing
Payments
Reporting
"By adopting this system we are now seen as professional and progressive within our town"
"Since adopting Fergus, in the last 6 months, we’ve seen a 60% increase in our business."
Buyers guide >
Compare job management solutions
Profit & Loss Calculator >
See if you're on track to make a profit
How-to-videos >
Check out our in-depth video tutorial
Business coaching >
Webinars with experienced tradies
Help Centre >
Need a hand? You'll find the answer here
Who are we? >
Find out what gets us up in the morning
(Spoiler: It's you.)
Our partners & friends >
Meet all our industry partners
Want to join our team? >
Visit our careers page.
Want to partner with us? >
Check out the benefits of teaming up with Fergus.
0800 461 219
65 New North Road,
Eden Terrace,
Auckland, 1021
Cloud computing has become one of the most popular technologies in the business world. It has allowed small businesses to establish infrastructure with minimal investment in hardware and software. It’s also very scalable and can grow with your business with no need for physical expansion.
However, the most important advantages of cloud computing are accessibility and automation. Information stored in the cloud can be accessed from anywhere in the world and on any device. You can also automate certain business processes like accounting and payroll.
Choosing the right accounting software for your business can be stressful so the OneFlare team have put together a list of the best cloud accounting software solutions for small business. The most popular solutions in Australia are:
MYOB Essentials
QuickBooks Online Plus
Reckon One
Saasu
Sage
Xero
We interviewed a 5-star accounting agent, Tax Ideas, on how to choose and manage your cloud accounting platform, and they gave us some quick pointers for trade businesses. The main factors to take into consideration are:
Talk to your current business partner or accountant, find a solution with a level of functionality that achieves everything you need for:
Bookkeeping & data entries
Tax Returns
Financial Planning
Hiring an accountant is as much a business choice as it is a lifestyle choice, as it will help you get your business on track and also stop you from having to worry about business over the weekend. Investing in accounting services isn’t something you should think of as a luxury, but rather as a resource that will help you invest your money and time efficiently.
Good accountants do more than just record keeping. They can help to identify the right amount of savings for potential business growth and prevent you from losing money on mistakes they see often. They also assist their clients in making informed decisions by providing accurate figures of their accounts & business.
After all, you want to use the most accurate data to make the most informed financial decisions. Cloud accounting tools are great at keeping your records straight, but even then it pays to have a professional keeping an eye on anything you might have missed.
Cloud accounting programs help you store, organise and access all of your accounting data. The benefits here are obvious:
A single source of truth - Storing all of your financial information securely on cloud platforms means you and your accountant can access it from anywhere and everyone with access will see the same data.
Make your business more efficient with automation - The software platform processes information quickly and automatically feeds it into reports that can help you make heads and tails of tonnes of data. This service can be as simple or complex as you need. Some cloud accounting companies only offer software and hosting servers while others also provide trained accountants for more complicated tasks.
Flexible subscription plans - Cloud accounting applications are usually subscription based and easy to scale. You can choose a small package when your business is young and expand on it as you grow.
Most cloud accounting companies have trained employees who understand accounting and can offer expert advice. You just need to choose the right company for the job.
There are several platforms and services available in the market today so it’s not easy to choose the right fit. Most people don’t understand how cloud accounting and computing works so they don’t know how to choose a good option for their business. Here are some tips that can help you:
Security and reputation are key – The first thing you should consider is the security and reputation of the company providing cloud accounting services. Browse through the content on their website and study their security arrangements carefully. It’s also worth looking into the company’s history and clients. Ask them to provide references and speak with the clients about your concerns. This will give you a better idea about the quality of their services.
Consider flexibility – Your company will grow and evolve over time and will need sophisticated accounting systems along with increased storage facilities. You need to make sure that the service provider offers flexible plans that allow you some room to grow.
Customer service – Check how qualified and responsive the service provider’s customer service staff is. Call their number and speak with the staff about your concerns. You should also check the website to see if the company has qualified accountants on their team. Companies with qualified accountants are much more reliable.
Using cloud accounting is a recurring expense so we would encourage you to consider the subscription fees carefully before you make the decision. If the process gets too overwhelming or maybe you’re just getting started on tax savings, another option is to hire a local accountant for more customised services.
Guest blog, written by Lucy Xu from OneFlare
3 min read
As a tradesperson, you know your van is more than just a vehicle; it’s a mobile workshop and a crucial part of your business.
3 min read
What's the net-profit delusion and why should trades businesses only work on a gross-profit basis? Navigating through uncertain times requires a...
4 min read
Operating cash flow, gross margin, debt-to-equity, sales close ratio… it’s easy to get bogged down by the number of different ways you can measure...
We just need to grab some basic information to help us personalise Fergus for you.