Cheat Sheet to Next Year's Budget

Cheat Sheet to Next Year's Budget
The quickest way to set your budgets for next financial year.

It’s almost June and you still haven’t prepared a budget for the next financial year? It’s time to cheat!   The First Draft The fastest way to get your budget under way in Calxa is to use the Budget Factory. In a couple of minutes, it will step you through creating a budget based on the current year actuals and projecting them forward to next year (and the one after and the next...

XS: The Impact of Extra Small Charities

XS: The Impact of Extra Small Charities
ACNC report on Australia's smallest charities.

The big guys get most of the attention but there are 19,000 charities in Australia with income of less $50,000. Despite not being over-run with cash, according to a recent report by the ACNC, many of them “perform highly specialised and localised activities in their communities, and there tends to be a high levels of volunteer engagement”. Most of them (87%) receive no income from the...

What is a Working Capital Ratio?

What is a Working Capital Ratio?
A simple KPI tells your business health.

There’s a variety of numbers to choose from when assessing the health of your business but the Working Capital Ratio is one that’s commonly used. It is relatively simple to prepare (even without a tool like Calxa!) and it provides a quick guide to your short-term ability to pay your debts.   How is it calculated? It’s your Current Assets divided by your Current Liabilities. Now,...

Improving the Break-even Point KPI

Improving the Break-even Point KPI
The upcoming software update will have some fixes and new online features.

The end of this month we will be releasing a Calxa update. It will have a mix of new online features and some improvements. Well let's start at the beginning. Managing your Workspaces For those of you hanging out for news on the Calxa Online progress, it’s good news this month! We’re releasing updates so you can manage both workspaces and organisations and easily update your own user...

Calxa Portal to Manage your Clients

Calxa Portal to Manage your Clients
Handle client subscriptions and workspaces with Calxa Online.

If you have been following our Online Diaries, you will know that we’ve done lots of work on Calxa Online but not much of it yet has been visible to you. That’s about to change this month! And, it will change how you handle your Calxa clients… so have a look at our new portal.   The Big Changes Workspace and Organisation management will be live in the 2nd half of April. Some of...

How does your NFP Stack Up?

How does your NFP Stack Up?
Some good comparisons and benchmarks for your own NFP board.

Article first published on OPTIMUM NFP's blog in 2016 The latest "Leading with Intent" survey from the United States, which commenced annual collection in 1994, reflects board responsibilities across 10 leading indicators.   Permission was given by the author for this article to be published here.    Much is being written regarding the state of NFP Board practices across the...

Responding to a Revenue Crisis

Responding to a Revenue Crisis
How to keep your business afloat now and tomorrow.

So, you’ve compared actuals to budgets for the past few months, reviewed your cashflow forecast and it’s clear that revenue is declining. What do you do next? You need to keep your business afloat in the short term and help it prosper in the long term. There are 7 main areas of your business to look at. Your own circumstances and the reasons for the decline in revenue will guide...

Spicing Up your Cashflow Settings

Spicing Up your Cashflow Settings
Sometimes you need more than just plain vanilla cashflow settings.

Plain vanilla cashflow settings work for many situations but sometimes you need a little bit more. Sometimes you need to experiment, try something new. In Calxa, there’s a cashflow type assigned to every account and while the defaults work most of the time, there are good reasons to fine tune them sometimes.   Adding Chilli for some BANG (Making Big Changes) Calculating receipts based...

Is there a Questioning Culture in Your Organisation?

Is there a Questioning Culture in Your Organisation?
If not, you may be missing out.

Article first published on OPTIMUM NFP's blog in 2016 Change management is at the forefront of many organisations. As funding changes determine a business-like approach to every day operations, empowering the organisations with strong leadership is essential. An Expert in this field, David Rosenbaum challenges our thinking.   Permission was given by author for this article to be...

Auto-Budgets to make Getting Started so Easy

Auto-Budgets to make Getting Started so Easy
Plus tweaks to the NDIA Bulk Claims and new Cashflow Options

Our next update at the end of the month will give you more options in fine-tuning your cashflow and an automatic budget with every new organisation – so you can produce reports instantly.   Auto-Budget When you connect to your accounting data we will now automatically create a budget version and populate it with the previous year’s numbers. Then, in the Report Bundles, when you’re...

Choosing your Forecasting Tool

Choosing your Forecasting Tool
Preparing Cashflow Forecasting in a spreadsheet is hard work.

Forecasting cashflow is hard work in a spreadsheet. Or, more precisely, forecasting cashflow well is hard work in a spreadsheet. The traditional method of managing timing of debtors and creditors, for example, is to make simplistic assumptions that everything is paid in 30 days or 60 days and then it’s easy to link to the previous column or the one before that. There are a myriad of tools...

IMPORTANT: Changes to Calxa Licencing Terms

IMPORTANT: Changes to Calxa Licencing Terms

As our business and products evolve from a desktop to an online environment, we need to make changes to the terms under which we operate.   These terms outline what you, as the user of our products, can expect from us.   We’ve tried, as much as possible, to keep the terms in plain English but your feedback is most welcome if anything isn’t clear.   A Summary of the...

Budgets: A GPS for your Business

Budgets: A GPS for your Business
How budgets guide your business to your planned destination.

A wise man once described accounting as like driving a car using only the rear-view mirror. It gives you a good idea of where you’ve been but very little indication of where you are going or what twists and turns may be on the road ahead. That wisdom came from no other than John Birse of Jim’s Bookkeeping fame.   The Destination is what Counts Budgets are the GPS your business needs...

Early Adopters to get Performance Improvment

Early Adopters to get Performance Improvment
Re-developed back-end infrastructure ensures scalability of Calxa Online

Whilst most of us have been spending time in the pool and playing cricket in the back yard, our Dev team has been most diligent.  Infrastructure Re-Design Our developers have been busy working on the back-end infrastructure of Calxa Online and have enabled some important improvements to performance, especially with updating from your accounting system and retrieving and saving data...

Winners really are Grinners

Winners really are Grinners
Great to see so many Calxa Friends being awarded for their efforts.

It was no surprise to see Calxa customers Delphis Australia taking out some well-deserved accolades at the recent inaugural Central Coast Aged Care and Disability Achievements Awards. Their services to the community were acknowledged in a number of areas. Barbaranne Chalmers won Home Care Employee of the Year whilst Shirley Peck was selected Volunteer of the Year. Delphis Australia’s Memory...