This video will give you tips so you can make your business viable. How do you do that? With a budget. Making an awesome budget that you stick to will give your business the best foundation for success. Being able to predict crucial ins and outs and understanding cashflow could be the difference between life and death for your new business. Your business budget will help you figure out things like; start up costs, potential income, and help determine when you may start seeing profit. We’ll also outline the five biggest mistakes businesses should avoid when getting started with their budget. Steps in the video: 00:00 - Introduction 00:18 - What is a budget? 00:59 - Understanding expenses 01:15 - Understand income 01:23 - Budget versus actuals 01:38 - Budgeting pro tip 02:02 - Five budgeting mistakes Check out more guides and info here: https://www.xero.com/nz/resources/small-business-guides/how-to/how-to-start-a-business/ Looking for Xero reviews? Watch Xero Customer Stories: https://youtube.com/playlist?list=PL73231574E8157A85 Xero is beautiful accounting software for small businesses and their advisors. See your cashflow in real-time with online accounting, invoicing, payroll, billing & banking. Just login and see the difference. Sign up for a free trial at: https://www.xero.com/signup/?utm_campaign=How_to_start_a_business Looking for Xero reviews? Watch Xero Customer Stories: https://youtube.com/playlist?list=PL73231574E8157A85 Like us on Facebook: http://www.facebook.com/xero.accounting/ Follow us on Twitter: http://www.twitter.com/xero Follow us on LinkedIn: http://www.linkedin.com/company/xero Subscribe to our YouTube Channel here: https://www.youtube.com/user/XeroOnlineAccounting For Xero product support please visit: http://central.xero.com These videos are intended as a general guide only. Please consider what is best for your business. If you require further information specific to your business needs, please speak to your professional advisor/s

Chasing outstanding invoices can feel like a time vacuum at times. It's a job no one likes but is an essential part of keeping your business running smoothly. The good news is there are some tips and tricks to improve your chances of success when it comes to securing overdue payments from your customer. In this video we run through how you can be outstanding at chasing those outstanding invoices. Parts of this video: 00:00 - Introduction 00:35 - Best ways to chase payments 01:48 - Late payment pro tip 02:02 - What if customers don’t pay? Check out more guides and info on invoicing here: https://www.xero.com/us/guides/invoicing/ Already a Xero customer? Check out how to send an invoice with Xero here: https://www.youtube.com/watch?v=wUMbHVBmsBg&t=131s Xero is beautiful accounting software for small businesses and their advisors. See your cashflow in real-time with online accounting, invoicing, payroll, billing & banking. Just login and see the difference. Sign up for a free trial at: https://www.xero.com/signup/?utm_campaign=Guide_to_Invoicing Looking for Xero reviews? Watch Xero Customer Stories: https://youtube.com/playlist?list=PL73231574E8157A85 Like us on Facebook: http://www.facebook.com/xero.accounting/ Follow us on Twitter: http://www.twitter.com/xero Follow us on LinkedIn: http://www.linkedin.com/company/xero Subscribe to our YouTube Channel here: https://www.youtube.com/user/XeroOnlineAccounting For Xero product support please visit: http://central.xero.com These videos are intended as a general guide only. Please consider what is best for your business. If you require further information specific to your business needs, please speak to your professional advisor/s

Once you have your invoice ready to go, it’s time to send! Sounds easy but knowing the best practices when sending your invoice, can save you a lot of heartache when waiting for payment. In this video we outline pros and cons for 4 ways you can send your invoice. Parts of this video: 00:00 - Introduction 00:30 - Unspoken invoicing rule 00:47 - When should you send an invoice? 01:13 - Ways you can send an invoice 02:10 - Tips when sending an invoice Check out more guides and info on invoicing here: https://www.xero.com/nz/guides/invoicing/ Already a Xero customer? Check out how to send an invoice with Xero here: https://www.youtube.com/watch?v=wUMbHVBmsBg&t=131s Xero is beautiful accounting software for small businesses and their advisors. See your cashflow in real-time with online accounting, invoicing, payroll, billing & banking. Just login and see the difference. Sign up for a free trial at: https://www.xero.com/signup/?utm_campaign=Guide_to_Invoicing Looking for Xero reviews? Watch Xero Customer Stories: https://youtube.com/playlist?list=PL73231574E8157A85 Like us on Facebook: http://www.facebook.com/xero.accounting/ Follow us on Twitter: http://www.twitter.com/xero Follow us on LinkedIn: http://www.linkedin.com/company/xero Subscribe to our YouTube Channel here: https://www.youtube.com/user/XeroOnlineAccounting For Xero product support please visit: http://central.xero.com These videos are intended as a general guide only. Please consider what is best for your business. If you require further information specific to your business needs, please speak to your professional advisor/s

TRY OUR FREE CASH FLOW STATEMENT TEMPLATE: https://www.xero.com/nz/templates/cash-flow-statement-template/ SIGN UP FOR A FREE TRIAL: https://www.xero.com/signup/?utm_camp... Cash flow statements are a key part of understanding your business. They show you how much money you have to spend, but also where that money comes from and how sustainable those cash flows are. This video breaks down the key sections of a cash flow statement and provides specific examples of the types of items that your business may need to include. Check out more guides and info here: https://www.xero.com/nz/resources/sma... Looking for Xero reviews? Watch Xero Customer Stories: https://youtube.com/playlist?list=PL7... Xero is beautiful accounting software for small businesses and their advisors. See your cashflow in real-time with online accounting, invoicing, payroll, billing & banking. Just login and see the difference. Like us on Facebook: http://www.facebook.com/xero.accounting/ Follow us on Twitter: http://www.twitter.com/xero Follow us on LinkedIn: http://www.linkedin.com/company/xero Subscribe to our YouTube Channel here: https://www.youtube.com/user/XeroOnli... For Xero product support please visit: http://central.xero.com These videos are intended as a general guide only. Please consider what is best for your business. If you require further information specific to your business needs, please speak to your professional advisor/s

Customise your reports to show what's important to you. Use the More button to quickly add things like account codes, totals and year to date. Xero is beautiful accounting software for small businesses and their advisors. See your cashflow in real-time with online accounting, invoicing, payroll, billing & banking. Just login and see the difference. Sign up for a free trial at https://www.xero.com/signup Like us on Facebook: http://www.facebook.com/xero.accounting/ Follow us on Twitter: http://www.twitter.com/xero Follow us on LinkedIn: http://www.linkedin.com/company/xero Subscribe to our Youtube Channel here: https://www.youtube.com/user/XeroOnlineAccounting For Xero product support please visit: http://central.xero.com

Keep an eye on your business bank account balances by adding your accounts and connecting to a feed in Xero. Xero is beautiful accounting software for small businesses and their advisors. See your cashflow in real-time with online accounting, invoicing, payroll, billing & banking. Just login and see the difference. Sign up for a free trial at https://www.xero.com/signup Like us on Facebook: http://www.facebook.com/xero.accounting/ Follow us on Twitter: http://www.twitter.com/xero Follow us on LinkedIn: http://www.linkedin.com/company/xero Subscribe to our Youtube Channel here: https://www.youtube.com/user/XeroOnlineAccounting For Xero product support please visit: http://central.xero.com

There are many types of payment terms when creating invoices - here’s how to make invoice payment terms work for you! This video covers invoice terms and conditions you can use to get your small business paid faster. Most small business invoices are paid late, but it doesn't have to be that way! You can slash days or even weeks off your wait. It all comes down to how you invoice - from invoice terms and conditions to how you communicate with the person who can pay you. Successful businesses swear by these techniques, and we hope they work for you, too. Read our Small Business Guides: https://www.xero.com/nz/resources/small-business-guides/invoicing/invoice-payment-terms Xero is beautiful accounting software for small businesses and their advisors. See your cashflow in real-time with online accounting, invoicing, payroll, billing & banking. Just login and see the difference. Sign up for a free trial at https://www.xero.com/signup Like us on Facebook: http://www.facebook.com/xero.accounting/ Follow us on Instagram: https://www.instagram.com/xero/ Follow us on Twitter: http://www.twitter.com/xero Follow us on LinkedIn: http://www.linkedin.com/company/xero Subscribe to our Youtube Channel here: https://www.youtube.com/user/XeroOnlineAccounting For Xero product support please visit: https://www.xero.com/support

Cloud accounting allows you to work smarter and faster. There are many benefits of cloud computing, and when it comes to accounting, working in the cloud will give you a better overview of your finances, and improve collaboration with your team. Other advantages of cloud computing: accounting software shouldn’t be a chore to use, and small business accounting software that you can’t access online can be tedious, sucking up far too much of your business’ time and effort. This doesn't add value, and takes the fun out of being in business. Cloud-based software can save your company time and money. Learn more about cloud accounting: https://www.xero.com/au/why-xero/benefits/online-accounting Xero is beautiful accounting software for small businesses and their advisors. See your cashflow in real-time with online accounting, invoicing, payroll, billing & banking. Just login and see the difference. Sign up for a free trial at https://www.xero.com/signup Like us on Facebook: http://www.facebook.com/xero.accounting Follow us on Instagram: https://www.instagram.com/xero Follow us on Twitter: http://www.twitter.com/xero Follow us on LinkedIn: http://www.linkedin.com/company/xero Subscribe to our Youtube Channel here: https://www.youtube.com/user/XeroOnlineAccounting For Xero product support please visit: https://www.xero.com/support