When you’re running a small business, you end up wearing a lot of hats. You’re the boss, the main salesperson, and, more often than not, the bookkeeper too.
While you’re passionate about what you do, the financial admin can quickly go from a small job to a real headache. We see this all the time. Good businesses get stuck, not because they lack great ideas, but because they’re bogged down by the day-to-day numbers.
At Rise Accountants, we get it. We’re small business accountant specialists. Our focus is on helping you sort these challenges out so you can get back to what you do best. Here’s a look at the common hurdles and how we can help.
Getting Your Tools Right: Moving to Xero
Are you still relying on old desktop software or a tangle of spreadsheets? It often means you’re working harder than you need to be. For many Kiwi businesses, Xero is the answer. It’s cloud software, which means you can see where your business is from anywhere, anytime.
But the idea of switching systems can be daunting. What about all your old data? Will you know how to use it? This is where we come in. As Xero Platinum Partners, we’ve helped lots of businesses make the move. We don’t just hand you a login. We help you get set up properly, bring your data across, and show you how it all works. We’ll make the transition as straightforward as possible, setting you up with a system that actually saves you time.
How We Help With Common Accounting Hurdles
1. Cash Flow Management
This is a big one. It’s the most common stress point we see. You can look profitable on paper, but have no money in the bank to pay wages or suppliers. These cash flow problems are stressful and can really hold your business back.
- How Rise Helps: We help you move from being reactive to proactive. We’ll work with you to build a practical cash flow forecast. This means you can spot potential tight spots before they happen and make better decisions. We can also look at your invoicing and payment cycles to help you build a healthier bank balance.
2. Bookkeeping and Expenses
Are you drowning in a pile of receipts? Is small business bookkeeping taking up your evenings or weekends? Just tracking business expenses accurately can feel like a full-time job. This is often the first thing business owners want to hand over.
- How Rise Helps: We can take this off your plate. Using Xero, we can help automate a lot of the data entry. We’ll make sure your books are accurate and up-to-date. You get clean numbers you can trust and, just as importantly, you get your time back.
3. The Tax Maze
The complexity of small business taxes is a major source of stress for many owners. Getting your head around GST, provisional tax, FBT, and payroll tax compliance isn’t easy. It’s simple to miss a deadline or make a mistake, which can be costly.
- How Rise Helps: Let us handle the IRD. We’ll manage your tax compliance, making sure everything is filed correctly and on time. But we’re not just about ticking boxes. We’ll also look at your business structure and advise on tax planning, making sure you’re set up efficiently and not paying more tax than you need to.
4. Technology and Automation
Many business owners know they could be automating parts of their accounting, but it’s hard to know where to start. Cloud accounting is more than just Xero; it’s about using other tools that can “talk” to Xero to save you time on things like invoicing or paying bills.
- How Rise Helps: As Xero Platinum Partners, we know this tech ecosystem well. We can look at how you work and suggest the right apps to cut down on manual data entry. We’ll help you link them up, making your admin run that much smoother.
Focus on What You Do Best
You didn’t start your business to become a part-time accountant. You started it to build something you’re proud of.
At Rise Accountants, our job is to give you the financial clarity and support to do just that. We’re specialist small business accountants, and we’re here to be part of your team.
If any of these challenges sound a bit too familiar, it’s probably a good time for a chat.
Find out more about how our small business specialists can help at https://rise.co.nz
At Rise, we simplify bookkeeping. We handle the numbers, so you can focus on building your business. If you’re ready to gain clarity and control over your finances, get in touch with our team today.