Gecko Cloud Solutions

If you’re in the neighbourhood pop in to say hi and take a look at our new window decal. Still in love with our new branding by @overtondesignstudio 😍

Yesterday the Gecko girls attended a fabulous event by @Xero, #XeroSummerSeries 🥂 We heard from some amazing keynote speakers on all things industry, economy and productivity. We'll be sharing some of the data released from the Xero Small Business Insights over the coming weeks 📈

MYOB price increase 💰 The new monthly base subscription prices below will be effective from 1 April 2024. There will be no change on 1 April 2024 for additional fees or charges that apply for the use of Premium Features, such as optional payroll, online invoice payments and premium inventory.

Tracking Categories are a powerful Xero feature that allows businesses to categorise and track financial transactions, allowing business owners to make informed decisions, allocate resources effectively and to streamline their financial reporting. When implemented correctly, the business owner will see a detailed view of how expenses, revenue or other financial metrics are distributed across different aspects of the business. Examples of businesses using Tracking Categories are: 🛍️ A retail business owner with locations across Australia wanting to track sales data for each location 🛠️ A construction business owner wanting to compare data from their residential and commercial projects 🩺 A medical practice wanting to seperate NDIS sales and private practice sales

Xero Update: The button to terminate employees has 𝗺𝗼𝘃𝗲𝗱. You will now find the button 'End employment' in the bottom left hand side of the screen in the Employment tab.

As a business owner, how much should you pay yourself? 💰 It depends on how much your business can afford, market pay rates, and whether reinvestment could pay dividends. If you’re trying to decide how much to pay yourself, here are a few questions to ask yourself: 💭 What can the business afford? You need to leave enough cash in the business to keep it ticking along, pay your basic costs, and meet your tax obligations. Once you’ve considered all those outgoings, how much does that leave you as a potential salary? We can help you work out what that number is, so you can establish a sustainable rate of pay. 💭 What’s the market rate for your role? What would you have to pay someone to do the work you’re undertaking in this business? Maybe you wouldn’t actually be able to find anyone to work the same long hours, but if you were hiring someone with your experience, to do the same sort of work for 40 hours a week, what would they expect to be paid? That number is a good starting point for thinking about your own salary or drawings. If you’re being underpaid, it’s time to think about ways to grow your profits. If you’re being overpaid, congratulations on building a highly profitable business! 💭 Could reinvesting profits grow your income faster? You can take all the profits out of your business, which should give you a strong and sustainable income. Or, could you reinvest your profits and grow the business faster, leading to a higher income in the long-term? You might choose to spend some of your profits on advertising, a better website, or developing a new offering, for example. Or you could pay for assistance in some area of the business. If the investment leads to higher growth, it might be well worthwhile. The team at Gecko have all your payroll needs covered, from payroll advice, set-up and processing to staff onboarding, timesheet processing and superannuation. Get in touch with our friendly team today 🦎 ✉️ info@geckocloudsolutions.com.au 🌐 geckocloudsolutions.com.au 📞 0421 278 128

We've been waiting all year to share a good pun! Happy Valentines Day from your favourite bookkeepers 🌹 We've included a blank template, just in case you'd like to share it with a loved one or advisor 😂

Happy birthday to the ever so fabulous Raquel! We hope you have a fabulous day 🥂

Happiest of birthdays to our Managing Director, Olivia! We hope you're having a fabulous time away with your lovely fam 🎁

It's a big birthday month here at Gecko! Important dates to remember for February: 🎂 4th Feb - Olivia's birthday! 🎁 5th Feb - Raquels birthday! 💰 7th Feb - Lodge and pay Payroll Tax 🧾 28th Feb - Quarter 2, 2023–24 BAS/IAS due If you are a client of Gecko, please ensure you have all supporting documentation submitted to your bookkeeper by 14 February to ensure sufficient time to prepare your activity statement.