Financio

The Four Basics of Bookkeeping

Though technology has revolutionised the way bookkeeping is done, that doesn’t necessarily mean that technology and software do all the work for you – someone still has to organise, input, track and check the data to make sure that everything is correct. Even if your startup doesn’t have the budget currently to hire a full-time or outsourced accountant or bookkeeping person, that doesn’t mean bookkeeping should be put on the backburner. Find a system that works for you (we recommend our software, which is designed specifically for small businesses), set some time aside each week and follow these tips to keep your own books while you get your business off the ground. It’s All About Organisation Whether you’re using software or an Excel spreadsheet, the most important aspect of bookkeeping i...

Accounting for Your Business: Freelancer Edition

Being your own employer is the dream for a lot of folks. But as much freedom as the freelance life brings, it also can bring on headaches – especially when it comes to managing your business’s finances on your own. The sheer amount of paperwork and record-keeping can be overwhelming, and putting your finances off until another day is likely an attractive thought. That is, until the day you realise just how much work there is to do and you’re kicking yourself for not staying on top of the accounting. Luckily, Financio offers a tool that can effectively, efficiently simplify your financial management so that the only headaches you suffer from are brought on by clients – not accounting. Read on to learn more about how Financio can benefit you. It’s created for non-accountants First and foremo...

5 Reasons Why You Should Hire Interns for Your Business

Ahhhh, the interns. One of the greatest wild cards in the business community. While some frown upon interns joining the company, there are some upsides to having these millenials run around the office. Here are 5 reasons why you should hire interns for your business! Cheaper alternative As a former intern, I would like to declare that smart interns are not looking for the highest pay. It would be nice to receive some “incentive”, but most are there to prove they are worth hiring. You can give them a small allowance but it’s better to feed them with exposure. Give the man a fish, he’ll live for today. Teach him how to fish, it’ll last him a lifetime. Building bridges Internship students provide businesses with opportunities to collaborate and build bridges with universities. This can lead t...

The Benefits of SaaS for SMEs by Financio

For the unfamiliar, SaaS (software as a service) is a software distribution model in which a third-party providers hosts applications and makes it available to customers over the internet. Popular examples of SaaS products include Slack, Calendy, MoneyPenny, and Financio, amongst others. Small and mid-sized companies are increasingly turning to cloud-based software to help run their businesses smoothly. Depending on what your business does and your budget, you can pick the products that will benefit you the most. Increased collaboration If your budding startup is growing faster than expected, or you find your teams operate in silos, then it’s time to use a service that enables people to collaborate and bounce ideas off one another. With file sharing capabilities and myriad integrations, Sl...

Is a Coworking Space Right for You?

If you’ve been looking for an office for your startup, you’ve undoubtedly been shocked by rental prices, overwhelmed by the idea of furnishing the place, and have likely considered just working out of your house or a coffeeshop until the business makes some money. With co-working spaces – fully equipped, beautifully designed, furnished offices that are devoted to providing desk space and flexible leases for startups and SMEs – gaining popularity, there’s now a less traditional, very appealing office option that many company founders are looking into. But are co-working spaces really a good deal? And would one be a good fit for your team? We’ve listed a few things you should keep in mind when considering a co-working space and whether or not it’s a smart real estate option for your venture....