Money management is essential to ensure that your hard earned money is used effectively. This means managing both the big as well as the small transactions as the total amount spent on small transactions can easily sneak up on you over the year. Just two coffees a day at $4 each from your favourite café can add to a yearly spend of $2,920 (you can often get a ‘round the world’ airplane ticket for that!)
So how can we manage our personal spending when we are so busy trying to fit in everything else we already have to do? – You need a household budget planner
Warnock Accounting has developed a simple solution that uses the 'beautiful' cloud accounting software solution Xero www.xero.com.au to do all the ‘heavy lifting’ for you. For the annual xero subscription cost of $120 we can set up automatic bank feeds from your bank accounts into the xero software that allows you to view your personal spending transactions from anywhere in the world you have access to the internet. Xero can be accessed via a computer, smartphone or tablet.
As well as the automatic data feed of your bank account transactions into the xero software we can set up ‘bank rules’ that can automatically categorise your transactions (ie salary, interest , share dividends, home loan repayments, gas & electricity expenses, insurance , supermarket spending, car expenses etc.).
You can then analyse your spending via the reporting tools within Xero that can be produced within minutes.
So its time to improve your Money IQ!
SPECIAL OFFER - Until May 1, 2015 we are offering a special offer where we will provide a free 1 hour consultation to set up your bank feeds into Xero & set up the key bank rules within Xero to get you started. We can meet you face to face in his office or organise the set up over the phone.
Although Xero is an easy to follow accounting software solution, we can at Warnock Accounting can help you as little or as much as you need. This includes hands on training and provision of relevant tips and reference guides.
Contact Duncan Warnock CPA at Warnock Accounting today to start your Money IQ improvement journey.