Streamline your Processes

There are many options when branching out your new business, many are capable of managing your revenue. By utilising platforms such as Xero for accounting, Stripe for payments, and Squarespace for e-commerce, you can streamline the management of both your overheads and expenses, making it easier to stay on top of your business finances.

Here’s how Xero, Stripe, and Squarespace can help manage your business finances:

Xero Accounting Software: Xero helps you track both overheads and expenses with real-time financial reporting, automatic bank reconciliations, and invoice tracking. It categorises all costs so you can easily see fixed and variable expenses. You can also manage your expenses through Xero as it allows you to monitor and manage expenses like materials, labour, and other variable costs, ensuring you keep your spending under control.

The software provides cash flow forecasts and insights, allowing you to better manage your business’s financial health.

Stripe Payment Processing: Stripe offers easy, reliable payment processing, helping you manage sales-related expenses efficiently. It tracks incoming payments and provides detailed reports, giving you a clear picture of revenue. If you run a subscription-based service, Stripe automates recurring payments, helping manage variable income streams without extra administrative work. Stripe integrates with Xero and other platforms to seamlessly sync payment data, making financial tracking more streamlined.

Squarespace E-commerce Integration: If you're selling products or services online, Squarespace provides an integrated e-commerce solution, enabling you to track sales and related expenses like shipping and inventory management. Squarespace offers detailed sales reports, helping you understand revenue streams and adjust your operations accordingly. It also helps manage taxes for your online sales, ensuring that you comply with regulations and understand your tax obligations.

By dedicating some time to familiarise yourself with these tools, you can maintain accurate financial records, ensuring a clear picture of your financial health without the need for professional bookkeeping services.

Working with Ako Cash Flow, you will not find traditional bookkeepers but rather a team dedicated to empowering you to become your own bookkeeper. Our approach focuses on providing you with the tools and knowledge necessary to manage your finances confidently and effectively. Through our resources and support, you will learn how to track your income and expenses, understand cash flow management, and make informed financial decisions that align with your goals. We believe that by equipping you with these essential skills, you can take control of your financial journey and foster long-term success in your personal or business finances.