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Catch-up Bookkeeping – Know The Risks for Rescue Bookkeeping

Helping a Business Catch-up with their Bookkeeping has Risks. Here are the risks for Rescue bookkeeping work?

There is no doubt that opportunities are abundant in the world of catch-up bookkeeping. This is because even the most organised among us have at times let things slide when it comes to our businesses money matters.

However, if you are taking on this kind of bookkeeping work, it is important to remember that it can come with some significant risks and pitfalls that you need to identify and plan for.

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Online Business Courses Online training courses Xero online training course

Andy is happy with Hubdoc, but the Hubdoc app not so much

We’re lucky to be working with some great small business owners and I was speaking with a pool shop owner the other day who uses Xero accounting software and the Hubdoc receipt capture app.

One made him happy, the other frustrated, and here’s why.

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Google and Xero, not MYOB

We were recently helping an asbestos removal company set up their Google G Suite account [Get Your Own Domain Name for Your Business Email], and noticed an invitation to connect our new Google productivity suite to Xero.

Because Xero is committed to building integrated user experiences, Google recognised them as a “Google Cloud Premier Partner”, allowing Xero and Google users to use both applications seamlessly together.

Control your accounts receivable with Xero and Google

By connecting your Google G Suite account with Xero, you’ll have better control over your business. You can start invoices or quotes directly from an email, and even see your client emails alongside transactions in Xero.

This not only makes it easier to create and send quotes and invoices to customers when you’re still at their premises or out on the road, but you’ll be able to see if and when your other staff members have contacted that client.

If you have a virtual bookkeeping managing your accounts, you’ll be able to see when they’ve followed up with clients about outstanding payments, and what the client response has been, so you can intervene if need be.

You can also easily share your screen with a remote worker using Google Hangouts, so they can see what you’re doing in Xero (or vice versa), making collaboration all the more easier.

Learn about Accounts Receivable Courses to find a job or manage your accounts better

MYOB seems to have missed out

Although MYOB is still a widely-used and robust accounting software, it’s quickly being left out in the cold as rivals like Xero and Quickbooks partner with other technology companies to provider a better, more seamless user experience.

That’s mostly MYOB’s fault for burning its partners in the past, by completely redeveloping their software code, making it a costly and sometimes unrewarding experience for the third party companies working with MYOB.

But Xero seems to see the value in forging these partnerships and maintaining them, not only for the consumer, but for their business too — as the most-used email client in the world, businesses that don’t already have a cloud accounting package, are likely to choose Xero if they can easily click and connect it from their email account.

Learn how to setup and use Xero for your business with our Xero training courses. Visit our website for more information.