Profit First For Tradies
018: Business Myths- My Xero File Is Fine...Isn't It?
May 8, 2023
Most business owners believe that their Xero file is working great but when given the opportunity to have an in-depth review, certain issues arise. In this episode of Profit First For Tradies, I talk about a business myth I constantly see on new clients - my Xero file is fine… isn’t it? It may seem like a simple problem but a chaotic Xero file causes heaps of trouble for so many trades business owners. Some Xero files may look okay at first glance but when a comprehensive review is completed, it’s bound to bring more issues in the future. And this calls for a repair. The three most common issues business owners deal with in their Xero files are cashflow problems, thinking that they always have time to fix issues later, and having not having an idea where to start. Although Xero has been around for quite some time, I still see disastrous Xero files. Here at Profit First For Tradies, we want to help you identify what’s wrong, fix the issue, and keep more of your hard-earned money.
Most business owners believe that their Xero file is working great but when given the opportunity to have an in-depth review, certain issues arise.

In this episode of Profit First For Tradies, I talk about a business myth I constantly see on new clients - my Xero file is fine… isn’t it? It may seem like a simple problem but a chaotic Xero file causes heaps of trouble for so many trades business owners. 

Some Xero files may look okay at first glance but when a comprehensive  review is completed, it’s bound to bring more issues in the future. And this calls for a repair. 

The three most common issues business owners deal with in their Xero files are cashflow problems, thinking that they always have time to fix issues later, and having not having an idea where to start.

Although Xero has been around for quite some time, I still see disastrous Xero files. Here at Profit First For Tradies, we want to help you identify what’s wrong, fix the issue, and keep more of your hard-earned money.

In this episode of the Profit First for Tradies, you’ll learn the following:


Xero is an amazing bookkeeping program, I personally have used this for over 11 years in business. However, when your Xero file is not reviewed regularly, you’re risking the business of wasted time and money. 

If you haven’t listened to our previous episode about  More than Money: How profit and choice go hand in hand, go back and check out Episode 017. 


QUOTES

"If you try and fix the cashflow problems in your business without looking at your Xero file, you're wasting time and money." -Katie Crismale-Marshall

"We go through an extensive checklist and every single section of Xero to uncover everything that might look fine but actually going to cause problems down the track." -Katie Crismale-Marshall

Resources

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