Support for Midwives
A collection of articles has been put together to help increase your awareness and understanding of what ‘Accounting for Midwives’ offers. We have done our best to answer some popular questions around accounting. If you’re in the process of needing accounts and some specific questions answered, feel free to contact us directly.
Xero Bank rules
Learning how to use Xero doesn’t have to be difficult, it's pretty simple once you get your head around a few key rules. Understanding your bank rules will make your accounting life easier, especially if you’re spending a lot of time coding repetitive bank transactions. Simply watch this video and in under 2 minutes you will know how to create bank rules.
Xero pricing plans
Plans to suit your business all pricing plans cover the accounting essentials, with room to grow. As your accountants, we will help select a plan best catered to your needs and most importantly show you how to use it correctly. We will discuss the plans, payments and features in your free consultation.
What can you claim?
Entertainment expenses when with clients or colleagues on business, like Lunches and Dinners are generally 50% deductible. We encourage you to code it to entertainment and at the end of the year we adjust for the non-deductible portion of larger bills.
Why do I need an accountant?
Our job as accountants is to save you more in tax than your accounting fees. Modern accounting practices using accounting software platform work efficiently so the accounting services are becoming affordable over the years.
Motor Vehicle Expenses?
What you can claim for Motor Vehicle Expenses. If you have a vehicle expense that is partly for your business and partly for your private use, you can claim the proportion that relates to your business.
Reconcile with Xero
Congratulations you have just started using Xero. Now we need to start learning how to use it correctly. Reconciling is the process to confirm that all the transactions in your business bank accounts are recorded and matched to your Xero records.
Transferring funds
Your accounting doesn't have to be something you are scared of, we are here to help ensure long term success within your midwifery business. If your XERO is maintained correctly it is going to make our jobs easier, come the end of the tax year.
Logging with ease
Introducing our latest recommendation to make your life easier, say hello to “ Drivers Note” an app that makes logging all your trips 10,000 times easier than a pen and paper once did. This app automatically tracks your cars movements, literally tap auto track and press start - let the app take care of the rest. Using your mobile’s GPS it will record your trip from start to finish.
How to add receipts to Xero
Did you know you can attach your receipts to Xero? Yes that's right you can keep all your paper versions in a shoebox under the bed, and your Xero can keep a virtual record of it all.