Life After BankLink

Life After BankLink
Use Calxa to create reports similar to BankLink's

Since 1986, BankLink has been used by accountants to process client transactions. Long before the days of cloud accounting, it delivered bank transaction data and automatically coded them, saving hours of data entry. It also had very flexible reporting, giving both accountants and their clients, a good overview of business performance. Nowadays, the most common accounting applications (Xero,...

Calxa Voted Partner Choice in MYOB Community

Calxa Voted Partner Choice in MYOB Community
And the Winner is...

Last week Calxa was voted in as the MYOB Partner Choice when it comes to add-on solutions. A nice piece of crystal was presented during the gala dinner at the National MYOB Partner conference in Alice Springs. More than 180 delegates attended the 2-day event to collaborate, learn and share. For many it may have not come as a surprise as Calxa has been connecting to MYOB from its inception and...

Making Sense of Balance Sheet Budgets

Making Sense of Balance Sheet Budgets
A simple explanation of Profit & Loss movement

A cashflow forecast isn’t complete without considering what’s happening in your Balance Sheet accounts. It’s fairly straightforward to master the skills needed to put together a Profit & Loss budget, but movements in assets and liabilities are less familiar to many people. In this article, we’ll explain the principles involved, rather than all the technical details. There are 2 key...

MYOB Conference: Alice - You Beauty

MYOB Conference: Alice - You Beauty
Wrapping up the 2017 MYOB Partner Connect Conference in Alice Springs.

180 plus MYOB partners showed up for the conference (many with partners and families for an extended stay in the region). Many friends caught up to share last year’s experiences and business practices as well as reminisce over bygones. Catching up with old friends was as frequent as making new acquaintances. The place was abuzz with excitement and a great mix of old and new CCs with...

Budgeting for Income Received in Advance

Budgeting for Income Received in Advance
Accurate forecasting of grants and lump sum payments can be tricky

The Problem It’s common in some industries, and particularly not-for-profit organisations, to receive income in lump sums that covers multiple periods. Incoming grants are such an example. To accurately match this income to the associated expenditure, often the lump sum is allocated to a liability account and then journaled to an income account each month. The challenge then is to make sure...

Calxa Integration with ReckonAccounts to End

Calxa Integration with ReckonAccounts to End
Calxa no longer to support integration with Reckon Accounts.

From 15 September 2017, Calxa will no longer support integration with Reckon Accounts for new customers. Calxa will continue to integrate with Xero, QuickBooks Online and a variety of MYOB products.   It is important to note that current Calxa users integrating with ReckonAccounts are not left high and dry. Calxa CEO, Mick Devine, reassures Reckon users: "We are still committed to...

Timing Debtor & Creditor Payments

Timing Debtor & Creditor Payments
Accurate forecasts rely on getting inflows and outflows right

How does Calxa manage timing? Timing is at the heart of all cashflow forecasts. How do you predict when money will be received and payments will be made? We all know that relying on agreed payment terms isn’t realistic. You might dictate 30 day terms to your customers but, unless you have a direct debit authority, they won’t all pay exactly on day 30. Some will pay early, some on time....

Are Leaky Buckets Draining Your Growing Business?

Are Leaky Buckets Draining Your Growing Business?
Managing cashflow to grow your business

Article first published in REIWA's PERSPECTIVE magazine - March 2017. With cashflow forecasting being one of the main pain points for many small businesses, here is a great perspective from Tracey Loubser, a Calxa Partner and the founder of multi-award winning business, Confident Cashflows. Tracey's experience in working for small business has provided her with the insights to help...

Metrics and KPIs for Hospitality

Metrics and KPIs for Hospitality
Brewing your output to perfection

Simply knowing the net profit of your hotel, café or restaurant does not provide you with enough information to successfully run your business. There are other numbers and indicators that can help you identify the strengths and weaknesses of your business. KPIs (as we like to call them Tools for Success),  are the perfect performance measures to ensure your business maximises efficiency....

New AIS Hub to Help Australian Charities

New AIS Hub to Help Australian Charities
Find out How the ACNC has Improved Annual Reporting

The Australian Charities and Not-for-Profits Commission (ACNC) requires not-for-profit organisations to submit the Annual Information Statement (AIS). The recently released 2017 AIS needs to be lodged by the end of December for charities with a 30 June year end. The purpose of the statement is to provide greater visibility and transparency to members of the public, so that anyone can clearly...

Top Reports for Multi-Company Consolidations

Top Reports for Multi-Company Consolidations
Save Time Preparing Consolidation Reports

Consolidating reports for several companies can be quite daunting and time consuming. On top of that, it’s difficult to track what reports will be needed. To help you, we’ve identified 6 key reports that will provide you a clearer picture of your organisation’s accounts to simplify the consolidation process.   One Click Away Before we get started, you're probably wondering how you...

KPIs for Dairy Farms

KPIs for Dairy Farms
How to create KPIs for your dairy farm

Running a dairy-farm is hard work. Natural forces such as rain may reduce your output. Bright sunny days may yield faster production. So how do you measure the success of your dairy farm? How do you know if it’s going well or not? The simple solution is to check that you have some money in the bank (but we all know that doesn’t tell you a lot). Having cash saved away, is certainly no great...

Calxa for NZ Charities

Calxa for NZ Charities
Ticking off the NZ charities checklist

With the introduction of New Reporting Standards, New Zealand charities are in serious need to cut through this red tape quickly with minimal disruption. So here is how to use Calxa to do just that.   It helps to understand how Calxa makes this difference based on its key features such as: Report Bundles: Calxa provides templated report bundles to give you the basic...

Measuring the Value of your Bookkeeping Business

Measuring the Value of your Bookkeeping Business
Calculating the Lifetime Value of your Clients

Traditionally, the value of a bookkeeping business has been based on recent profits. Maybe it’s time for the bookkeeping industry to take a lesson from the software industry . OK, not every lesson from the software industry is applicable (remember the dot.com crash anyone?) but there are some lessons to learn, including those of valuation. At Calxa, we don’t run a bookkeeping or an...

Unit Cost Calculations

Unit Cost Calculations
Identifying the credit and debit nature of your business units

Unit costing is important in many businesses and increasingly for Not-for-Profit organisations. It helps you understand the cost of each of your activities or products so that you can see which ones are profitable and which are problematic. It’s a vital part of being informed and knowing what parts of your business to maintain and expand – so that you can be sustainable for the long term....