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“Why we use Receipt Bank and Xero”

Posted in: Accounting by Paddy | No Comments Monday, February 6, 2012

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“Why we use Receipt Bank and Xero”

 

“Xero is at the heart of our business – we love the design, ease of use and its growing functionality. Xero add-ons enable us to provide a better service to clients and Receipt Bank is a key part of that.”

“Receipt Bank excites us because it significantly improves our processes for all our clients.”

“When we first looked at Receipt Bank we came up with a million reasons why it wouldn’t work – but proved ourselves wrong. It’s far better than we thought it would ever be!”

“Our clients used to send us carrier bags – full of faded, crumpled receipts – which we couldn’t read. Now they send their stuff directly to us by iPhone or email. And it turns up in Xero! We can’t wait for the Dropbox integration.”

“This has encouraged our clients to move onto a monthly system. Turning our year-end accounts process into a streamlined affair.”

“In fact Receipt Bank allows us to spend more time helping our clients as opposed to processing receipts!”

“Receipt Bank & Xero has transformed our business and our clients’.”

So If you want to find out more call Paddy Gahan  at 086 8070262 or email pgahan@gahan.ie for free demo and trial.

 

Xero Conference a Massive Success

Posted in: Accounting by Paddy | No Comments Saturday, February 4, 2012

Xerocon 2012 – Brilliant work by the organisation team – new innovations on the way  Congrats to all the winners and nominees

Xero Conference a Massive Success http://lnkd.in/jDne3W

For more details  click this link
Xerocon Live Blog | Xero Accounting Software blog.xero.com

Xerocon Live Blog

Posted in: Misc, Uncategorized by Paddy | No Comments Thursday, February 2, 2012

Xerocon Live Blog

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Published in Company News on 03 February 2012 by 

 

We’ll be posting throughout the day from the Viaduct Event’s Centre in Auckland New Zealand.

Check back at 9.00am NZST for live coverage from the Xerocon keynote #xerocon.

 

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Xero raises 20m to fund growth

Posted in: Uncategorized by Paddy | No Comments Thursday, February 2, 2012

 

Xero raises $20m to fund global growth and offers SPP

9:30am, 2 Feb 2012 | GENERAL

 

Xero online accounting software (XRO) has raised $20m through a placement to existing strategic investors to assist in accelerating its growth in large overseas markets.

Xero was named New Zealand’s fastest growing exporter in the 2011 Deloitte Fast 50 Index. The company’s Committed Monthly Revenue (CMR) is now $1.75m or $21m annualized – 50% of which comes from offshore.

Growth in regions outside New Zealand is one of the main drivers behind the company’s recent forecast that it expects revenue for the full year ended 31 March 2012 to double 2011 revenue of $9.3m.

The traction of Xero in offshore markets further validates the company’s product and business model. Xero will use the funds to accelerate growth in Australia, the UK and the USA.

Subscribers to the Placement include:
- Two independent directors Sam Morgan and Sam Knowles (who recently became independent chairman)
- Australian based director and former co-founder of MYOB Craig Winkler
- Valar Ventures, the New Zealand investment vehicle of US based Peter Thiel – a former co-founder of Paypal and one of the first external investors in Facebook
The Placement price of NZ$2.75 per share represented a small premium to the volume weighted average (VWAP) share price of Xero at the time the investors were approached.
Shareholder Purchase Plan
The Board of Xero would like to give existing New Zealand based shareholders the opportunity to acquire new Xero shares under the same terms as the Placement.

Under a Shareholder Purchase Plan (SPP), Xero shareholders can subscribe for up to NZ$15,000 of additional Xero shares (being the maximum amount permitted under the NZX Listing Rules) at NZ$2.75 per share.

Xero shareholders with registered addresses in New Zealand may participate in the SPP if they were on the Xero share register at the close of business on 14 February 2012.

The SPP documents, including an application form, will be sent to shareholders in mid-February.

For more information contact:

Rod Drury Ross Jenkins
Xero CEO Xero CFO
rod.drury@xero.com ross.jenkins@xero.com
+64 27 6000 007 +64 21 963 909

XERO TO DOUBLE 2012 Operating Revenue

Posted in: Accounting by Paddy | No Comments Tuesday, January 31, 2012

MARKET RELEASE
Xero grows offshore, expecting to double 2012 operating
revenue
26 January 2012
Ahead of Xero’s national conference for accounting partners, the company (XRO) wishes to update the Market on
key metrics.
• Xero expects its operating revenue for the full year ended 31 March 2012 to double 2011 revenue of
$9.3m.
• Committed Monthly Revenue (CMR) is now $1.75m or $21m annualized. 50% of CMR is from offshore
markets.
• Paying customers using the Xero business software worldwide exceeds 60,000. There are 240,000 user
accounts.
• There are over 3,300 accounting firms now using Xero. The accountant and bookkeepers channel model,
proven in New Zealand, is showing similar early signs of success in offshore markets.
• The company now employs 170 staff across four countries. The US sales office has been established with
six staff in San Francisco.
On 3 February at the Viaduct Events Centre in Auckland, Xero will be hosting more than 400 accountants and bookkeepers at Xerocon making it New Zealand’s largest accounting conference.
For more information contact:
Rod Drury
Xero CEO
rod.drury@xero.com
+64 27 6000 007

2012 Business Networking Summit

Posted in: Misc, Uncategorized by Paddy | No Comments Monday, January 23, 2012
 
 

I am delighted to announce our first event of the year

The 2012 Business Networking Summit on the 28th February 2012

at 6pm in the Burlington Hotel, Dublin 4.

 There is no charge to attend and refreshments will be provided.

To register for the event on Linkedin, please click this link:

 http://linkd.in/AF8elH

 

 These events were extremely popular in 2011 with  large numbers attending.

I would like to invite you to visit our YouTube channel.

http://www.youtube.com/user/gahanAccountants

 

You will see snippets from previous events that have taken place, with some testimonials from our valued members.

These particular events are approaching their 1st  year anniversary so let’s keep them going long into the future!

 

 

 

How To Take The Hassle Out Of Expenses

Posted in: Accounting, Uncategorized by Paddy | No Comments Thursday, January 19, 2012

 

Receipt Bank integrates with Xero to help small businesses process their expenses

 Receipt Bank now integrates with the online accounting software provider Xero to make it even easier for SMEs to reduce the time and money they spend on dealing with receipts, expenses and invoices.

Expenses are a hassle. And a hassle that costs small businesses time and money.

Receipt Bank has partnered with Xero to make it easy for SMEs to seamlessly turn their paper receipts and invoices into data in Xero.

Receipt Bank – the leading expense processing service – helps businesses, bookkeepers and accountants by reducing the time and money they have to spend processing receipts and invoices. Receipt Bank gathers together a company’s receipts and invoices, scans them, does the data entry and securely stores the scanned images.

This data can flow directly into the online accounting software provider Xero.

Michael Wood, Director of Receipt Bank, says: ‘Xero already offers its users bank feeds that enable them to quickly and easily access their financial information. We are delighted to be able to offer these businesses the other side of the equation – a feed that publishes all submitted expense transactions straight into Accounts Payable in Xero.”

 So if you want to find out how Receipt Bank and Xero can make your life easier please email me at pgahan@gahan.ie for a free demostration

Can You Double Your Business in 2012

Posted in: Misc by Paddy | No Comments Wednesday, December 21, 2011

Most business commentators are predicting doom and gloom for 2012.

However I have met several entrepreneurs over the last few weeks who are confident of growing their businesses next year.

I recently met a serial entrepreneur at a seminar in London. Over the last 5 years he has developed 5 separate million pound businesses in double quick time.

His advice for doubling the size of your business was the following. Firstly have a brainstorming session with your accountant or  other trusted adviser. Then spend  a few hours listing out 10 separate ways that would each increase turnover by at least 30%.

From this list of 10 pick out the best 3 ideas. You then have 3 activities to focus on for the next 12 months and which combined should enable you to double your turnover.

For each of these activities develop clear action plans on how you will achieve the results. You may need input from key team members in developing these action plans.

While the economic climate won’t allow all businesses to double their size next year, this radical approach should change your thinking from doom and gloom to optimism and growth.

If you are serious about growing your business and you think you could benefit from a brainstorming session like this,  why not give me a call at 0868070262 or email me at pgahan@gahan.ie

5 tips to make your business saleable

Posted in: Misc by Paddy | No Comments Tuesday, December 6, 2011

The sale of Your Business may be your best chance of a comfortable retirement.

Unfortunately most businesses have only one real asset (you guessed it) the owner. People will not buy a business where the principal asset leaves with the buyout cheque. If you want to have a saleable business you need to make it less dependent on you.

Here are 5 tips to make your business saleable.

1. Standardise Your Offering. Don’t offer a bespoke service or product.  Find a service that customers find valuable and then make this your standard offering.

2. Create a Cash Cow. Once you have standardised your service or offer, charge up front or use progress billing to create a positive cash flow.

3. Hire a Sales Team. If you are the rainmaker (bringing in the sales) you need to get a sales team that   can deliver results.

4. Create an Incentive Plan for Key Staff. For the acquiring company it is important that a strong management exist. This provides continuity after the business is bought and dictates the amount payable for the business.

5 Know Your Numbers. It is essential that you have a system in place that gives you regular financial and accounting information.

 

Small businesses use new technology to beat the big boys

Posted in: Accounting, Uncategorized by Paddy | No Comments Saturday, November 26, 2011

How small businesses are using new technology to beat the big boys.

At last, small businesses have the same access to new technology as the the big boys. The tipping point is the emergence of cloud computing and it’s ability to provide anywhere anytime applications at a low cost. The explosion of cloud based business services means that there is a vast array of applications available.

See our recent blog 7 WAYS TO WORK FROM ANYWHERE.

Cloud based online accounting is just one example. We are rolling out Xero online accounting to our clients and contacts. As Xero runs on iPhone and iPad you can pretty well run your accounting from anywhere.

We have several small business owners doing this. For instance, Derek De Jong who runs Design Concepts uses Xero on his iPad to manage his finances while he is out of the office.

To find out how Derek finds Xero have a look at the video.

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