Fully automated bank reconciliation

Sep 27

I have been working over the last few weeks on setting up ‘rules’ inside the Xero banking module on my own practice accounts and a number of clients. Today for the first time when I imported a bank statement I did not have to categorise ANY transactions. There was a rule in place for everyone. All debtor […]

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Segway owner killed on a segway

Sep 27

The multi-millionaire owner of the Segway company died in a freak accident yesterday when he rode one of the high-tech two-wheel machines off a cliff and into a river. Businessman Jimi Heselden, 62, plunged off cliffs and into the River Wharfe while riding around his North Yorkshire estate on a rugged country version of the […]

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Brian Cowen gets a feature on NBC's Tonight Show with Jay Leno

Sep 27

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Numbers up at the ploughing championships!

Sep 24

Things are looking up! On day one at the European Ploughing Championships currently taking place in Athy, County Kildare there was an attendance of 66,000 This figure represents an increase of over 20,000 on day one last year. The event is very popular with farmers and other agri businesses being europes biggest show in relation […]

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Registering as a charity – FAQ's

Sep 23

I have found the information available on-line in relation to tax exemption for charities and non-profits hard to find and difficult to read so I hope to answer some common questions below Q1: Does a body have to register as a Company with the companies registration office to avail of a charity tax exemption? A: […]

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The currency of innovation

Sep 22

As someone who is fascinated with the subjects of innovation and good ideas, I thought this was a brilliant video summary of Steven Johnson’s new book, Where Good Ideas Come From.

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Life changing technology for UK accountants

Sep 20

I’ve just spent a fortnight in the UK and by all accounts the UK economy isn’t in great shape. The Government is drastically cutting spending, which is creating much debate and idea generation over how to cut costs. Such ideas verge on the ridiculous at times. For example local councils are turning off street lights […]

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Break-Even Analysis

Sep 18

In every business there is a certain level of sales at which costs equal profits. This is know as the break-even point. Its simple to calculate and can be plotted on a break-even chart. Lets assume an event firm is running a champagne reception. The selling price per ticket is €10. Each guest gets one […]

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Simple UBL

Sep 17

As the SaaS accounting world matures a number of us have thought about how we send electronic invoices to each other.  It’s kinda crazy that you take an invoice out of an accounting application, flatten it into a pdf, and then someone has to retype it in to their accounting application. We imagine a world […]

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100% Xero

Sep 17

Chris Reid‘s practice first dipped its toes in the world of online accounting a while back when instead of following their default route of advocating Sage, he managed to persuade his staff and a small group his clients to try out Xero. Last month Chris informed Sage that he would not be renewing his Sage […]

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