October 2010
1 post
3 tags
Australian iCashbook version now online
The Australian version of iCashbook is now live! As this version is currently in beta it will be free to use for a limited time so check it out. Let us know any feedback you may have.
September 2010
1 post
4 tags
Don't Wait Until it's Too Late for Rescue
Too many business owners wait until their business is in trouble before they call their accountant.
It is similar to how people treat their doctors; they don’t like to visit the doctor unless they are really ill.
Wouldn’t it be far better to see your doctor when things are starting to look grim so preventative measures can be put in place? It’s the same in your business. You need to see your...
August 2010
4 posts
8 tags
9 Steps to a Successful Business Turnaround
If the business is not working out as planned then it may be time to investigate what to do to turn the business around.
There are 9 basic steps that a business owner should follow to succeed. Many owners of small and medium sized businesses have successfully used these steps to improve their business results.
Step 1: Write up proper plans. It is absolutely critical that your business has...
5 tags
How to Slash your Accounting Fees
There are a number of ways in which you can help minimise the fees that you pay to your accountant. These include the following:
Minimise problems
Keep in touch with your accountant so that problems don’t arise and your accountant has to charge extra in trying to resolve them
Good records
Provide your accountant with good, accurate and clean records Good accounting systems Make sure you...
8 tags
How to Help your Accountant Help You
There are many things that you can do to help your accountant give you the best help for your business.
Your accountant is human like anyone else. They make mistakes, they forget appointments, they forget to return your phone calls, they often appear not to understand you, they can’t work tax miracles for you when you make high profits, they are easily misunderstood, they are hard to get...
8 tags
Serious Saving
The secret to saving is to take out the amount to be saved first, as soon as you are paid. This amount should not be touched for any other purpose except saving, and possibly investment. It has to be deducted first because if it is deducted last, in general, you will find that nothing is left. This money saved should be put into a separate savings account – preferably one where the money cannot be...
July 2010
6 posts
2 tags
Product Update 21 Jul 2010 - Memorisation Rules
Even though using iCashbook greatly reduces the time needed to track your accounts, we are always looking for ways to let you do less. One area we’ve been working on in this regard is the coding of your transactions.
This week we have released a number of enhancements to our Memorisation Rules functionality:
Revamped Memorisation Rules page with a more intuitive design and flow
Use of...
6 tags
6 Myths about Creating Wealth
There are many myths and incorrect theories surrounding wealth creation and people with wealth. Some of these may affect your goals of financial freedom and independence.
Here are some of the most common myths.
Myth 1: You need to have a top education in order to be wealthy. There is no doubt that a good education will help you avoid disasters in your quest to create your fortune. However,...
8 tags
Financial Planning - the Foundation for Successful...
What is Financial Planning?
Financial planning for a business is simply that – planning the finances of the business. It is where the financial statements of the business will reflect its financial condition and thus help it to identify its strengths and weaknesses.
Financial planning will enable the owner of the business to use projections and other financial performance criteria to plan for...
7 tags
Get Debt Free
It goes without saying; your debts will pull you down faster than anything else.
Debts reduce your net worth (which is your wealth) because of the cost of the debt, but if it is bad debt then the situation is even worse. Bad debt is incurred on things that do not increase in value, whereas good debt is incurred on things that do increase in value.
Debt can be used wisely, but only for assets...
7 tags
5 tags
Budgeting your Money
Many of us don’t budget because we don’t see the value in it. Others might simply have no desire to budget, because we don’t want to spend time on it or we fear what we might find.
Unfortunately for some, this lack of money management can lead to serious financial strife. We have come to a point where we easily buy on impulse with no thought to the consequences.
In order to reverse this trend,...
June 2010
4 posts
1 tag
Product Update 01 Jul 2010
Calendar-based budgeting is here! Our budgeting system has been totally revamped to give you greater granularity when setting your budgets - we believe this will cut down a lot of time for you, especially when setting recurring items.
Budgeting
Our calendar-based entry allows you quickly set your budget amounts at the day level. We still retain our previous “quick edit” interface...
1 tag
Product Update 09 Jun 2010
A few small usability enhancements this release:
Login to iCashbook is now available via our updated website at www.icashbook.com
When navigating between tabs on the Start page and Dashboard page your last selected tab is now remembered
iCashbook Accountant administrators can now specify one or more advisers when adding a client business - this allows an employee of an accounting firm use...
2 tags
Product Update 05 Jun 2010
This release focuses mainly around financial period management for iCashbook Standard, in an effort to add more automation and require even less effort by you. Financial periods in iCashbook Personal continue as always to be fully handled by the system.
Financial Periods
Initial setup of an iCashbook Standard business now includes selecting the start date of your current financial period....
New look website
Our new look website has been launched at www.icashbook.com - here we will be highlighting some of the great features available in the iCashbook suite of products as they become available - a number of these to be rolled out over the coming weeks!
May 2010
2 posts
3 tags
WalletSpy is now iCashbook Personal
WalletSpy - the personal version of iCashbook - is now known as iCashbook Personal.
We have brought the two editions closer together so that our non-business users can receive the same benefits of all the new and upcoming features of iCashbook.
Not only that, but we have put iCashbook Personal into a public beta period and have made it free for all users during this time! iCashbook Personal...
Product Update 11 May 2010
This update includes a major rework of our skin, which we believe will make iCashbook cleaner and even simpler for you to use. In addition to the overall layout and design changes, we have introduced a number of user-friendly features designed to speed up navigation and access to your information, such as:
Ability to set the destination homepage to arrive at after login
More detailed alerts...
February 2010
1 post
4 tags
Product Update 15 Feb 2010
With this release we are now able to open up iCashbook by way of our API, for those of you who need a little more control over your interactions with our system.
Main Features
Follows the principles of REST as closely as possible.
Basic authentication over HTTPS.
Data format can be either XML or JSON.
Data compression (gzip) is also available.
EntitiesThe following entities are exposed via...
January 2010
1 post
5 tags
Product Update 23 Jan 2010
Happy New Year all! Our first release of the new decade comes with a handful of nice features:
MessagingA number of messaging features have been added in order to facilitate greater communication between advisers and their clients, or between trusted users. Main features include:
Messages can be sent between an adviser and their client, and/or trusted users. This can be...
December 2009
3 posts
1 tag
Product Update 23 Dec 2009
The final iCashbook release of the year, containing the following updates:
User GuideA lot of help content that was previously in iCashbook has now been moved into the user guide as we begin to consolidate all of our guides, articles, and other information into a single easier to navigate resource.Demo SiteThe demo website has been updated to the latest build.Adviser DemoIt is now possible...
4 tags
Product Update 15 Dec 2009
More Adviser features in this weeks release:
GL ExportsNow available to all Advisers directly from their Start page. This can be done for any number of your clients and downloaded efficiently in a single zip file.MYOB Premier SupportOur CSV data format option for GL exports will now work with MYOB Premier - keep an eye out for MYOB AO compatibility coming soon.Enhanced Client ...
3 tags
Product Update 09 Dec 2009
Bank and Credit cards now have a single Asset-type Account Code instead of the previous double Asset-and-Liability Account Code scheme, which will simplify any integration with other products you use.
When importing your Chart of Accounts from other systems, we try to determine the type of Code as well as certain other properties. This isn’t always possible however, so these imported...
November 2009
1 post
6 tags
Product Update 30 Nov 2009
Relocation of help content into it’s own browser window, which provides the foundation for more advanced help features such as searching and movies.
Better handling of the navigation display when an Adviser switches between iCashbook Standard and iCashbook Accountant editions for their Clients businesses.
An Adviser can now store custom Charts Of Accounts for use by their clients....
October 2009
4 posts
4 tags
Product Update 30 Oct 2009
Storage of session based settings such as selected dates and accounts in order to “remember” what you were working on in certain areas of the site.
Resolved issue with Bank Reconciliation screen not auto-populating dates.
Major revamp of the Account Codes editor with many enhancements such as restarting setup from scratch. Note that this option will uncode all transactions and...
2 tags
Dealing with overlapping transactions
When importing your transactions from multiple data sources (for example you have manually uploaded a set just before a bank auto-feed kicks in), transactions can “overlap” each other.
iCashbook is able to detect when this happens and if you go to the Overlapping Transactions page you will be able to list and resolve said transactions - merely selecting which you want to keep and...
3 tags
Memorisation coding rules
You can now set pre-codes for any transaction. iCashbook will recognise transaction information automatically and code into correct coding category. This will save you significant coding time.
3 tags
Drag and drop transaction coding
One unique highlight of iCashbook is the drag and drop coding system. To code transactions to a particular code you just:
Highlight the relevant transaction(s)
Using your mouse drag your cursor and the transactions to the code basket on your floating Account Codes box.
Drop the transactions into the code basket by releasing your cursor.
Your transactions are instantly coded saving you up...
September 2009
2 posts
Let’s start at the very beginning..
Welcome to iCashbook – the Worlds Simplest Cashbook. Over the last two years the iCashbook team has been developing a simple, intuitive and smart accounting solution specifically for the small and medium sized business owner.
Why?
Because we identified a need amongst SME owners – the need for an online accounting tool which was simple to use and understand. Our requirements...
What is iCashbook?
What is a “cashbook” anyway?
A cashbook is a simple accounting book used to record basic information about cash receipts and payments. It is designed to help you keep up with how much money is coming in (for sales) and how much is going out (for bills and wages etc) in your business.
The look of the standard cashbook is essentially a series of columns with amounts in them that...