Simple and Automated

Simple and Automated
Calxa’s new Cloud Product

At Calxa, we’ve delighted in making the difficult and complex stuff simpler and easier. It gives us a thrill when customers say “I can now do in a couple of hours what used to take me 4 days” or “My 67-page report comes at the click of a button”. We make a difference for many people.  But, we’re also aware that some of the businesses out there start at the other end, with...

KPIs: Tools for Success

KPIs: Tools for Success
How to use KPIs to achieve success

Simply hoping to make or save more money is no guaranteed way of achieving financial success (as much as we wish it were the case). However, working towards incorporating Key Performance Indicators (KPI) can turn those hopes into reality.  KPIs are a performance measurement tool designed to help you reach your organisational targets. Whether you are aiming to set financial targets or make...

Meet The Invisible Accountant

Meet The Invisible Accountant
Introducing Calxa's new small business product

Tipping a Hat in Greeting The Invisible Accountant has been in the making for a few years and talked about for the past few months but has never been seen in public until this week. We now welcome him (or is it her?) to the world. The mystery is all revealed over on the new home.   If your clients are short on time and seeking an effortless means of reporting, then look no further than...

Reports: from Xero to Calxa

Reports: from Xero to Calxa
A comparison between Xero and Calxa for financial reporting

We often get asked why do I need Calxa? What does Calxa have that I cannot do in Xero? Our reply usually starts with a return question: “What is it you are trying to achieve?” For many businesses, using their in-built reports in their accounting system is enough. But, when do you need to look outside and find more depth? This article will help you along the way of answering some reporting...

EoFY Reporting: Tips & Tricks

EoFY Reporting: Tips & Tricks
A Time to review the past year - let's look back and look forward.

Like the Roman god Janus, the end of financial year is when we both look back and look forward. It’s a time to review the past year, see what’s worked and what hasn’t and then to plan for next year. Here are our suggestions of some useful reports to help you do that in Calxa. So to get started, let's get our settings in Calxa right. For the purpose of these examples, we’ll assume you...

Carbon Group - National Bookkeeping Firm of the Year

Carbon Group - National Bookkeeping Firm of the Year

We’ve been a fan of Cheryl Knight for close to 20 years so we weren’t terribly surprised when her team at Carbon Group recently won National Bookkeeping Firm of the Year at the recent Australian Accounting Awards.   Cheryl started WiseClick, her bookkeeping and training business just in time for the challenges of the introduction of GST in 2000 and built the business steadily from...

Work Ahead - Start Tax Planning for 2018 Now

Work Ahead - Start Tax Planning for 2018 Now
Early tax planning discussions provide small businesses with better choices.

Traditionally, small businesses and their advisors have started discussions on tax planning towards the end of the year. For some clients it’s very close to the end of the year (or even after the end of the year when they realise how much profit they’ve made and how much tax they’ll need to pay). Even for the best businesses, it’s something that happens in March or April (for those with...

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...