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Accounting or Bookkeeping Which of them is needed for my business

Accounting or Bookkeeping? Which of them is needed for my business?

Oftentimes accountants are seen recording business transactions, handling payroll and keeping track of all business documents. At the same time they use the word “bookkeeping” to tag some of these tasks, and other times they use the term “accounting”. For business owners, this might be a little confusing as some may mistake accounting and bookkeeping … Read more

A Beginner’s Guide to Bookkeeping

Introduction Bookkeeping is a very important aspect of every business. Since most business owners are not accountants, they are usually worried about dabbling into this aspect without the right resources and guidance.   To support and create relief for business owners in this category, we have created this bookkeeping guide to ensure you are well-equipped … Read more

Integrating Xero With Your HubSpot CRM To Improve Your Business

Integrating Xero With Your HubSpot CRM To Improve Your Business

Introduction The HubSpot Customer relationship management (CRM) and Xero integration simplify how companies manage and track their invoices, payment and billing processes. Choosing a CRM that works with your accounting software allows you to capture leads and create deals effectively to provide an accurate overview of your sales and sales process in your CRM dashboard. … Read more

Most Common Accounting Mistakes Business Owners Make and How to Avoid Them

Most Common Accounting Mistakes Business Owners Make and How to Avoid Them

Accounting is essential for all businesses but is often overlooked as a business grows. For instance, many business owners will take accounting responsibilities onto themselves during the initial stages of their company’s growth but fail to anticipate the impact their growth will have on their accounting needs going forward. In this article, we look to … Read more

Introduction to Digital Business Accounts

Introduction to Digital Business Accounts

As companies continue to embrace Digital Transformation, the need for new alternatives to traditional business tools is ever increasing. Business accounts offered by traditional banks have long been considered to be stable in regards to their appeal – lately the idea of Digital Business Accounts, offered by FinTech companies, have become a popular alternative.   … Read more

8 Credit Control Mistakes You Want to Avoid

8 Credit Control Mistakes You Want to Avoid

Credit control is what a business does to reduce the time between supplying a customer with goods / services, and receiving payment. Because a business must balance their own financial health with managing their client relationships, credit control is a delicate balancing act.   Unfortunately, many new businesses do not have proper credit control procedures. … Read more

Xero Set Up Guide

Xero Set Up Guide

We will discuss how the Xero set up process, and how FastLane can assist you in adopting and using this cloud accounting solution.