The Business Advisory Blog

The Business Advisory Blog

Insight, news and updates from Alliott NZ Chartered Accountants, Auckland New Zealand. The views expressed here are the views of the author and should be discussed in further detail should an article be relevant to your individual circumstances.

While every effort has been made to provide valuable, useful information in this publication, this firm and any related suppliers or associated companies accept no responsibility or any form of liability from reliance upon or use of its contents. Any suggestions should be considered carefully within your own particular circumstances, as they are intended as general information only.

Greg Millar
Published on

Four ways Kiwi small businesses can hit refresh for FY24

As a small business owner, the start of a new financial year can be the perfect time to reset your work routines and set yourself up for success in the year ahead.

Despite the challenges faced by many New Zealanders in recent months, it's important to focus on what's within your control and plan for what's not.

One way to work smarter, not harder, is to leverage technology to stay on top of your numbers. Xero offers a range of features and tools that can help, including Xero Analytics for cash flow insights, streamlined invoicing, and Hubdoc for automatic data entry. The Xero app also allows you to invoice on the go, helping you get paid faster.

Another important aspect of running a small business is taking care of yourself.

Schedule weekly downtime to focus on activities that fill your cup, whether that's going for a walk, practising yoga or spending time with loved ones. Xero customers in New Zealand can also access free and confidential professional counselling through the Xero Assistance Program.

It's also important to discuss the year ahead with your accountants and business advisors as soon as possible. Set goals and create a plan, and remember that good advice is an investment in your business. Building a strong relationship with your advisors can help you make the most of their expertise and guidance.

Don't let the new financial year pass you by. Hit refresh and start FY24 off on the right foot by focusing on what's within your control, leveraging technology, taking care of yourself and working closely with your advisors.

Considering Xero for your business? Alliott NZ's Xero Certified Advisors in Auckland are here to answer any questions or to help your business upgrade to using Xero.

Source: Xero

Topics: business owners cloud accounting financial year-end Goal setting New Zealand small business technology Xero