We are thrilled to announce that Tyrrell & Company have been selected by Receipt Bank as a launch partner for their innovative expenses app 1Tap Receipts, designed especially for UK Sole Traders.
At Tyrrell and Company, we’ve always put sound, insightful business advice right at the heart of our client relationships. It’s in the DNA of the firm. And we’ve always dreamed of having a software system that could deliver the quality numbers and data needed to deliver truly first-rate reporting, forecasting and guidance to our client base of ambitious business owners. So you can imagine how blown away we were when we first saw how Xero online accounting software could deliver on this long-held dream.
Too many businesses survive with one eye on their bank balance and another on an ever-growing pile of bills to pay. They survive, day to day, but there’s no stability, no profit and definitely no foundation for growth. And this kind of short-termism can be fatal for a number of reasons:
Having targets in place is a great way to motivate your finance team and give them a clear goal to aim for. Using the reporting capabilities of Xero, you can pull together numbers for the cash you collect from each customer on a monthly basis. And with these numbers in the bag, it’s easy to set achievable targets for future cash collection, based on the empirical data you already have in your accounts.