Helpful Site Updates

Updates and Changes Beyond

The latest site updates came about as a result of law, both in force and or coming into force. One such law is the Anti-Money Laundering and Countering of Financing Terrorism Act 2009 (NZ). The next being the General Data Protection Regulation (GDPR) (EU) which in short covers Privacy for the European Union. It became enforceable on the 25th of May 2018. With UK leaving EU in 2019, assent got granted to the Data Protection Act 2018 on 23rd of May 2018.

The NZ Government also recently made similar changes by reforming the Privacy Act 1993 upgrading the current law. The intention being to better cater for Internet related Privacy, much like in Europe. The Privacy Bill (the Bill) repeals and replaces the Privacy Act 1993 (the Act), as recommended by Law Commission’s 2011 review of said Act.

The Privacy Bill is expected to come into force on the 1st of July 2019. The intentions to come into force 6 months after enactment therefore date changes may take place during the legislative passage. To improve our legal position we’ve updated our Terms and Conditions and added a new Privacy Policy. Changes to said legal content will take place and may occur without notice, so be sure to stay current.

Read more…Helpful Site Updates

Bookkeeping Accounting Financial Terms Glossary

Bookkeeping Accounting Glossary of Financial Terms

We created this bookkeeping accounting financial terms glossary because its useful to understand the commonly used financial terms. These are a few important examples however its by no means a complete list of all bookkeeping accounting terms. It’s helpful to know a balance sheet from a balance date or forecast from your end of year financials etc.

Without a basic understanding of such, running a business will be challenging at best. We’ve kept the financial terms as relevant as possible with respect to our client base. For example we don’t concentrate on dealing in property accounting. Therefore there’s little to no point including financial terms specific to that field here.

We also didn’t include a number of the fairly obvious bookkeeping accounting terms like budget, debt, interest and tax. We may alter or introduce other examples in the future should we see the need. If you’d like to see more bookkeeping accounting financial terms within this glossary then please let us know. We’ll even add the four excluded above if you’d like to see them listed.

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Datamolino – Automated Data Entry

Datamolino – Automated Bookkeeping

While Xero like other accounting solutions help you manage your financial affairs. All such system lack some of the same aspects other types of systems offer. Generally speaking accounting software offers you the ability to see where your business has been and could be heading. The accounting system data displays in various forms such as via GUI (graphical user interface) and or raw data. However they’re all lacking the ability to manage invoices, bills and receipts in an effective somewhat automated fashion like accounting professionals, with Datamolino.

The sensible answer to the age-old problem of receipt management etc is Datamolino. Not only can it help you save time, it also helps reduce your overall accounting costs. It does this by removing the need for someone to do what Datamolino does today, tomorrow. Would you want to save money and or time? We believe you would, if you could and given you can, it’s just a matter of making contact and we’ll hook you up.

Read more…Datamolino – Automated Data Entry

Review Ivana Dryland

Can’t Thank You Enough Ivana

I employed the services of Ivana under very desperate need as I was in over my head on back accounting. Ivana although extremely busy at the time gave me 200 percent of her time and knowledge for which I’m indebted to her for. I would thoroughly recommend this very on to it lady to assist you in any area of accounting.

Rose O’Donnell – Trade Me

Good Fast Cheap Services Explained

Good Fast Cheap Services Venn Diagram

Good Fast Cheap Services Venn Diagram
Recently we looked around to see what some people are suggesting to hook potential clients. We found a number were promoting good fast cheap services and variations of it like best quick low-cost. While Account Wise offer competitive prices, we can’t offer good fast cheap services. It’s just not possible and anyone who says otherwise is someone you should really steer clear of. Refer to our Services Venn Diagram above. You get what you pay for, it’s that simple.

Account Wise offer works based around good service and variables of that. We’re not going to fill you with false promises making ridiculous claims which aren’t realistic. You wont see us offer good fast cheap services however a number are.

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SmartPayroll – Huge Business Benefits

SmartPayroll – Our Primary Solution

As you may already be aware, at Account Wise we invest time into checking out beneficial options for our clients. While no software’s perfect, SmartPayroll comes close, so much so that its in our top three suggested essentials.

If you’re looking for a payroll solution or want to simplify tax and time sheets etc, then SmartPayroll is likely the best solution for you.

Support is a critical factor, especially when it comes to payroll and that alone makes up for any possible shortfall. If an issue arises from time to time over the course of using it, the Smart team will fix it fast.

Read more…SmartPayroll – Huge Business Benefits