MYOB's recent announcement that it is buying out BankLink means they have fully committed to their cloud solution, providing users with robust bank feeds directly from their bank accounts. In addition the MYOB Compliance Upgrade is now available for both the AccountRight Live and the Classic (19.8) versions.

Good governance is vital to every organisation so join us for our upcoming Calxa Club in Sydney for our 5 Must-Have Reports for Good Governance.

In our previous article in this series we discussed the practical steps needed to prepare budgets and cashflow forecasts. In this final part we will focus more on the review and analysis of your reports – understanding the end result.

Connecting Up’s annual conference continues to grow in stature as the must-attend Not-for-Profit technology conference in Australia. While cloud is the flavour of the moment, there was much focus on strategy and keeping your digital efforts in line with your overall goals.

With Calxa allowing accountants and bookkeepers to link to up to 500 client files, delivering a reporting service has never been more cost effective.

This in addition to the many time saving features, makes Calxa a productivity tool without comparison.

The recent release of the ACNC’s (Australian Charities and Not-for-profits Commission) Governance for Good guide helps board members towards meeting their obligations. It covers areas such as Board’s duties and responsibilities, governing documents, new obligations to the ACNC and includes links to some helpful tools. If you are eager to expand your horizon as a Board Member, join Calxa’s Web Chat on 14 June. The topic is 5 Must-Have Reports for Good Governance which is followed by a Q&A session at the end to open an interactive discussion.

We have previously covered the difference between Budgets and Cash Flow Forecasts and established that both are essential for the good financial management of any organisation. With a well prepared budget you should know the basis for each figure, how it was calculated and any key assumptions for each amount used.  

MYOB goes live with AccountRight Live and LiveAccounts, Xero launches in the US, QuickBooks Australia becomes Reckon Accounts, QuickBooks Online is now available and Reckon will launch a new cloud accounting product next month. Confused yet? Let me try to explain…