Six Simple Steps

Xero is a cloud based accounting software for small to medium sized business. The key features of Xero include automatic bank and credit card account feeds, invoicing accounts payable, expense claims, fixed asset depreciation, purchase orders and standard business and management reporting.

it also incorporates a payroll feature. All financial data is stored in the cloud, in a single unified ledger, allowing users to work in the same set of books from any location or operating system. 

1. Embrace Change

Changes are happening all around us every day and that's something we can't control. However you can control if you're going to change or remain the same. Read more…

How to manage Money in your 20's

Although retirement seems like a lifetime away, you may already be the perfect age to start working towards that ultimate goal.

As they say, all good things take time, and this is particularly relevant when you consider your financial future. At this stage of your life, you are most likely the fittest both physically and mentally you will ever be – so why not seize this opportunity to start building your wealth now, so that over the next 30 years you will see some real rewards for your efforts, and let the money you have worked so hard to earn, also do some work for you!

Below, I have outlined some tips on managing your money, and a few simple steps that you can take in order to start your journey towards a fruitful retirement:

Make a plan for what you would like to achieve in your later years of life, whether it be going on a holiday overseas, setting aside money for your children, or just to be able to live comfortably with your savings at your desired age of retirement. With plans comes action! If you determine at an early age where you would like to be in 10, 20 or even 30 years down the track you can start doing things now to make it happen and believe it or not, the best time is right now! Read more…

SMSF - Is it for everyone?

The Self Managed Superannuation Fund (SMSF) market has been a massive growth area in the management of the retirement nest eggs of Australians.  The number of SMSF Members has now topped 1 million according to the Australian Taxation Office's recent statistics.  This has seen the number of funds registered grow to over 525,000 – a rise of over 25% during the last 4 years.

 SMSF's operate under a Trust arrangement and require all members to take responsibility for the funds operation.  This structure creates a number of legal relationships for the member and being the 'Trustee' of the fund is the most fundamental and important role. 

 SMSF's can have up to 4 members and all members are required to be trustees.  Alternatively, a company can act as trustee with all members controlling the company.  Read more…

Begin your Journey with Xero Today

Run your business online in real time with Xero.

Xero has changed the accounting world with its cloud based software, allowing small to medium sized business owners to monitor their finances in real-time.  
Xero = No Backups, no software upgrades and a reduction in data entry, reducing your record keeping time and leaving you with more time to spend on the things you enjoy.



 -Automated bank feeds
-Bank reconciliation
-Invoicing and billing
-BAS Reporting
-End of month management reporting
-End of financial reporting
-Expense Claims
-Contact management
-Available anytime, anywhere, on any device
-Full featured Payroll Read more…

Make Succession Planning your New Year resolution

Have you decided what will happen with your business when you retire? It's one of those subjects that never seem to get the priority it deserves, until something goes wrong.

 There are many things to consider when thinking succession:
-How much does the current owner want when he or she leaves? Read more…

Recipe for Success

Being a bit of a sports junkie, I have really enjoyed watching some local and national Aussie Rules football over the last month.

It is intriguing how a group of people work towards a similar goal with only one team being able to get it right, achieving premiership success.

There are a lot of similarities to the game and how successful businesses are run, from my observations here are some of the ingredients for success:
  • Set an Example. Leadership is about a lot of things however, the best leaders are those who set the right example for others to follow. What example are you setting? 
  • Create a Theme. People love themes or ideas to follow. Make sure your organisation knows what the team philosophy is, reinforce it often and clearly. Simple themes could be: Win/Win, Never accept No, On time every time, etc.
  • Everyone understands their Job. Makes sense but how often do we get it wrong?
  • Refuse to Lose. There are many things in front of us that are challenging. If on the right path don't deviate and stay determined.
  • Don't forget the Party. We all like to be rewarded when we succeed. Make sure the celebration is planned.

Look at your business the way your customer does

I admit it, I'm a neat freak. Untidy work places and cluttered desks drive me insane so when I deal with someone who operates this way it creates questions in my mind about the standard of their work.

In my previous life in Banking I was responsible for 15 branches and whenever I visited them I always did the "Customer's View" test. That meant I would stand in the customer line so I could see the branch the way our customers saw it. Then I would take down some notes and at the end of the day ask the staff to do the same thing. They rarely saw the notes stuck to walls or messy work stations until I pointed them out. The reason for this comes down to becoming familiar with your surroundings; meaning that when you see the same thing all the time you tend not to notice it. But if you are a customer that comes in every now and then you do notice and that is how impressions form. We implemented a process where a different staff member would look at the branch each morning and check the presentation against the standards we set in place. After that the satisfaction surveys all improved, especially with branch presentation.

My Top 10 Business Tips

 1.      Build in some "ME" time.
Are you running your business or is it running you?
-Understand what it is you are working for.
-Recharge your personal batteries (body, mind & soul).
-Have things that you enjoy outside of work, and enjoy them!
-Plan a holiday every year, book it 18 months in advance.
2.      Have a Vision and set Goals
-What do you want to be? (The best retailer in Australia)
-What goals or milestones do you need to reach to get there?
-Develop your Business Model.
3.      Establish your "Brand"
-What do you stand for? (Core Values)
-Be image aware, where does your shadow fall? Read more…

End of financial year stock take

 Most businesses attend to a stock take at the end of the financial year. It's also a good opportunity to reflect on your customer base and take stock of them as well.

 You can probably name the customers that fall into the following categories:
-Very hard to deal with, demanding
-Always want something for nothing
-Constantly slow payers or don't pay
-Taking up significant amounts of your time

 Once you have these names take the next very important step
sack the customer. Give them a call and tell them you will no longer be providing your services to them. It may sound strange but when you think about it the Pareto principle will apply, that is 80% of your time is being taken up by 20% of your customers and most of these are the problem ones.

Get rid of the problem customers and spend more time looking after your good customers and go about finding new good customers.

The Basics of Setting up a Business Facebook Page

Social media is essentially the central place for growth of your business, if used correctly. Facebook allows you to build your brand and develop relationships with potential customers, worldwide!

Setting up a Facebook page for your business is easy and only takes a few minutes!

Basic tips on creating a successful Facebook page: 

  • Firstly select a category and a page name which represents your business.
  • Decide on an image that people associate with your business to use as the profile picture; your company logo is your best option.
  • Construct a short description about your business so people understand what you do.
  • Create an impressive URL (also known as the web address) for your Page that will tie in with your business to assist in promoting your Facebook page, make it easy to remember. At Southern Cross Business Advisers our creative URL is
  • Finally choose a cover photo that represents your business and promote your services. In a virtual world this can be interpreted as your first impression as a business.

Posting quality content
The news feed is where people spend over 40% of their time on Facebook so contributing to it on a regular basis will help extend your reach! When posting a blog or content from your business profile you are creating possible opportunities to promote your business. It is important to keep your audience interested by posting content that is relevant.