Chris Downing’s Post

💡 Maximize Efficiency with QuickBooks Online + Intuit Tax Integration! 💼 Running a business means juggling tasks, but did you know integrating #QBO with #IntuitTax software can streamline your workflow? 🚀 Here’s how: ✅ Automated Bookkeeping: No more manual data entry! Sync your financial data seamlessly for real-time updates. ✅ Accurate Tax Filing: Reduce errors with direct integration—data flows from QBO to your tax software for precise filings. ✅ Time-Saving Reports: Access detailed financial reports in minutes, making tax season stress-free. ✅ Simplified Compliance: Stay compliant and avoid costly penalties by tracking deductions and tax payments in one place. 💼 Ready to elevate your business? Let's make tax season a breeze! #TaxSeason #QuickBooks #BusinessGrowth #AccountingMadeEasy #BlackQuestCapital

Are you losing sleep over tax compliance and bookkeeping for your digital assets? As an accounting & finance professional, your priority is making sure you’re staying ahead of the evolving tax laws in your jurisdictions. But let’s face it - capturing 100% of that on-chain data while juggling your daily never ending to-do lists can quickly become a nightmare. Enter Taxbit - your new best friend. Think of it as both your ‘sub-ledger’ and your ‘tax reporting guru,’ all rolled into one. Here’s why it’s actually worth your time: ⏹ Built by CPAs & tax attorneys for digital asset complexities ⏹ Real-time insights and transaction monitoring, so you’re always in the loop. ⏹ Automatically generates tax forms for IRS, DAC7, CRS, CARF, CESOP - basically all the acronyms that stress you out 😅 ⏹ ERP integration with Xero, QBO, Netsuite, Sage 👉 To learn more about how Taxbit does the heavy-lifting , visit our library of tools - https://lnkd.in/edhwuw7q

The message about the importance of cashflow is finally getting through 🥳 But how do you keep that cashflow up-to-date? And what should you be looking for on your weekly & monthly reviews? 𝗦𝗮𝗹𝗲𝘀 𝗜𝗻𝘃𝗼𝗶𝗰𝗲𝘀 • Realistic due dates on invoices, especially when clients are known to pay late • Ongoing budgets based on sales pipeline or confirmed sales • Adjustments are month end to ensure any invoices 𝗻𝗼𝘁 paid in the previous month are showing in the new month's total 𝗘𝘅𝗽𝗲𝗻𝘀𝗲𝘀 • Budgets tie up with the actual spend each month • Differences are investigated - are items being coded correctly in your accounting software? Are you spending more than you thought? • Annual renewals have separate budgets to avoid costly surprises! • Late payments are added to the next month's budget, to avoid underestimating your current liabilities 𝗚𝗲𝗻𝗲𝗿𝗮𝗹 𝗖𝗵𝗲𝗰𝗸𝘀 • Budgets include VAT where applicable • You have a quarterly budget for VAT to be paid, based predicted sales figures & adjusted as a more accurate figure becomes available • You include a placeholder Corporation Tax budget, to prompt you to update to an accurate figure once your accounts are finalised each year #ProfitbyDesign - promoting the importance of financial tracking in all businesses. You are never too small to use financial data to support healthy business development.

This week in our blog we have been looking at how to make your tax return submission stress free....a good place to start is to get organised. Considering Making Tax Digital comes into effect in 2026, it would be a good idea to get ahead by using online software such as Xero. This will then allows you to link bank accounts, send invoices and upload receipts. Therefore, everything will then be available for your accountant saving you the time and stress of getting everything together ready to send over to them. If you need more guidance or advice about using online software then please get in touch. You can also find our blog at https://lnkd.in/eyuVc4yu #getorganised #lessstress #MakingTaxDigital #accountancy #taxreturn

Discover the hibooks advantage: see how we extract 100% of information from scanned documents, including supplier details, total amounts, VAT, and VAT rates and recommend accounting category like an experienced accountant—unlike other software.

Ready to streamline receiving payments from your customers? QuickBooks Payments makes it simple and efficient, ensuring you get paid faster. Whether you're invoicing or on the move, see how you can enhance your payment process. Check out our tutorial for all the details: https://buff.ly/3TJ5qAv #QuickBooksPayments #GetPaidFaster #SmallBusinessSolutions #InvoicingSimplified #PaymentProcessing #QuickBooksOnline #SmallBusinessSuccess

Sage made the front page not once, but twice in XU Magazine! While acquisitions grab attention, the real value for accountants and bookkeepers is Sage's new AccountsPrep add-on for AutoEntry, which is like adding rocket fuel to the manual accounts preparation process for non-ledger clients. Here’s how it works: Upload bank statements to AutoEntry as usual. AccountsPrep then imports this data, allowing you to review, update, and quickly code it to a chart of accounts. You can handle cheques, deposits, and even 'non-bank' journal entries. Once reconciliations are complete, access a full range of reports - P&L, balance sheet, trial balance, tax reports, and more. Plus, export seamlessly to the major final accounts production software platforms. Additional features include: 🔹 Multiple bank/credit card accounts and transfers 🔹 Split transactions for detailed coding 🔹 Three journal entry methods and import of opening balances 🔹 Full AutoEntry inbox integration for sales and purchases 🔹 Multi-period support with automatic roll-forward of trial balances 🔹 Up-to-date chart of accounts and analysis tags for flexible transaction coding AccountsPrep brings the efficiency and accuracy you've been waiting for. It's time to take some time back for you this tax return season! #accountants #bookkeepers #NoMoreSpreadsheets

Curious about a VAT Benefits Review and why they're essential for your business? Allow us to shed some light. A VAT Benefits Review dives deep into your past transactions, meticulously uncovering any payment discrepancies that might have slipped through the cracks. Here's the kicker: even if you swear by your ERP system or top-notch preventative software, we'll unearth errors every single time. Even with a seemingly minuscule error rate of 0.02%, your business could be sitting on a goldmine of unclaimed funds – potentially amounting to hundreds of thousands of Rands.  Don't leave money on the table. Let's uncover what's rightfully yours. #Tech #ProfitRecovery #VAT #VATBenefitsReview

This week in our blog we have been looking at how to make your tax return submission stress free....a good place to start is to get organised. Considering Making Tax Digital comes into effect in 2026, it would be a good idea to get ahead by using online software such as Xero. This will then allows you to link bank accounts, send invoices and upload receipts. Therefore, everything will then be available for your accountant saving you the time and stress of getting everything together ready to send over to them. If you need more guidance or advice about using online software then please get in touch. You can also find our blog at https://lnkd.in/eaSBPzmv #getorganised #lessstress #MakingTaxDigital #accountancy #taxreturn

Optimising payment workflows is only a small part of what we do. Here’s how we helped a client enhance their Xero integration for seamless monthly payment management. Ready to improve efficiency and deliver better results for your customers? Let’s connect: https://lnkd.in/eP9smB8a #FDRY #XeroIntegration #BusinessSolutions