If your end of financial year is 31 March then you are less than a month away from getting your ducks in a row. 🦆🦆🦆  Here are some really simple tips to help you get ready:

1.      Reconcile your bank accounts: Make sure your bank accounts, visa cards and loan accounts in your accounting software match your bank statements.

2.      Check your Sales Invoices are paid.  Chase up overdue.  Write off any bad debts that are unlikely to be paid.

3.      Check all your Purchase Invoices are entered: even if not paid these expenses were incurred in this financial year and need to be recorded.

4.      Review your financial statements, make a list of questions: Take a closer look at your profit & loss report and balance sheet.  Ensure everything is accurate and up to date.  This gives you a clear picture of your financial health and help you identify any areas that need attention before the financial year ends.

A little preparation now can save you a lot of stress later.  If you’re unsure about anything, or just need a hand, please don’t hesitate to reach out to us.  We’re here to help you navigate your financial year end and can put strategies in place to make this and the next ones stress-free.

Your business besties ~ The Team at OMS

Keep up to date with the latest updates and information from oms

OMS now offers three separate service types to our clients. This gives you more options to grow your business with OMS’s support.

Bookkeeping: Bank Reconciliations, Creditor Bills, Bill Payments, Sales & Statements, GST Management, Fergus Job Management, Emails.

Consultancy: Training, Setup, Reporting, Analysis, Audit/Review support, Customer Debt Collection.

Payroll: Payroll processing, PAYE Management.

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MYOB now supports a Wise bank account number in the supplier’s contact record.

Xero now lets you quickly and easily create multiple bills by uploading in bulk into Xero and automatically creating draft bills from that upload.

You can upload bills into Xero by dragging and dropping files from your computer into Xero. There’s no limit of how many files you can add at one time. Each file creates a draft bill in the organisation. Xero automatically attaches the uploaded file to the draft bill.

Click here for Xero instructions.

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Fergus allows you to create a link on your website for your customers to visit and submit an enquiry. This enquiry is then available in Fergus to allocate to a job/staff/calendar.

Integrating the Fergus web enquiry form into your website can be done easily by embeding it as an iFrame or providing it as a direct link. Contact Maxine for help with this setup.