During July I attended a 2-day conference in Christchurch. 450 bookkeeping businesses spending two days learning updates for our industry from the IRD, DIA (Dept of Internal Affairs) regarding AML (anti-money laundering), Software company updates and roadmaps, inspirational speakers and lots of good old fashioned networking.
It's always useful to step away from the day to day business and take time to think about the big picture items. I had confirmation that Red Office is leading the way in the Small Business Bookkeeping space with the largest staff size of 16. A huge thank you to all our clients and accountant partners who are busy referring us to other businesses. We’ve grown 4 staff a year for the last few years and we want to assure you all we are focused on ensuring that as we grow, we do not lose the personal touch. Our hub workgroups are developing nicely and a wider knowledge of client processes is growing across the team.
Probably the most interesting government update was that from the E-Invoicing team. If you haven't heard about E-Invoicing check out the links below. It's going to be a new digital innovation and bring positive change to many businesses.
e-invoicing aims to get rid of the manual handling of bills so the process becomes more accurate and faster, at the same time reducing the chance of errors and problems. This isn't simply sending an invoice by email, it's a process of sending an invoice from one financial system to another.
"E-Invoicing is the direct exchange of invoices between suppliers’ and buyers’ financial systems. Buyers can send an e-Invoice directly to their customer’s financial system through a digital ‘mail’ service. International standards will allow these systems to ‘speak’ to each other, even if the two businesses are using different systems. By removing manual handling, the billing process becomes faster and more accurate, reducing the chance of problems and delays and fraud."
During the week you'll find Tanya with her head down at the office, looking after her many clients to a fine art. Bookkeeping is what she loves but come Summertime, she'll be at the dirt track in "Nora" her famed racing car - her other love, for 6 months of the year. Racing takes her around the country and is something she inherited from her dad who was a founding member of the Meremere dirt track. It's in the blood obviously as Tanya's daughters are also avid racers. Check out our Facebook page for Tanya's Top 5 in 5!