Tanda “Clocks In” to the Xero Roadshow!
Xero is hitting the road in February, taking their team of cloud accounting experts on the road to answer your questions.
We’ve been invited along and are looking forward to catching up with our existing partners as well as meeting plenty of new ones across the country.
Using Xero’s API we are helping businesses (and their advisors) understand and control their staff costs. Our time clocks, rosters, and customisable award interpretation take the hassle out of payroll and give you insight that you just can’t get with paper timesheets and excel rosters.
Business with over 15 staff in all industries are making huge efficiency savings using Tanda, all over Australia.
For more info before the day take a look at www.tanda.co
Most importantly though, come in and say hi! It’s free to attend the Xero roadshow and there’s even CPD credits available – so there’s literally no reason not to go. If you haven’t already, be sure to register at www.xero.com/au/roadshow
Where are we stopping on the Xero roadshow? Here’s the list of places and dates.
- Bendigo – Monday 3 February
- Melbourne East – Tuesday 4 February
- Melbourne CBD – Wednesday 5 February
- Geelong – Thursday 6 February
- Albury – Tuesday 11 February
- Sunshine Coast – Tuesday 11 February
- Brisbane – Wednesday 12 February
- Dubbo – Wednesday 12 February
- Gold Coast – Thursday 13 February
- Wollongong – Friday 14 February
- Newcastle – Monday 17 February
- Parramatta – Tuesday 18 February
- Sydney – Wednesday 19 February
- Canberra – Thursday 20 February
- Adelaide – Monday 24 February
- Perth – Wednesday 26 February
If you have a client that could benefit from using Tanda, or if you have any questions. Come say ‘hi’ or, If you’d like more information about Tanda before we visit a city near you, give us a call on 1300 859 117.
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Bendigo … Isn’t there a bank there?
Welcome to Bendigo. It’s here that, in 1851, the discovery of gold set the town’s future as a prominent Australian boomtown. And it’s here that, this week, the Tanda crew arrived for the Xero Roadshow’s first day. We didnt find any gold. But we did discover a lot more about Australia’s most historically significant finance centre. Bendigo’s goldrush brought an influx of migrants to the city and, within a year, transformed it from a sheep station to a major settlement in the newly proclaimed Colony of Victoria. With the goldrush came an asset that would later launch Bendigo national fame – Bendigo Bank. The company started in 1858 as a fixed-term building society to improve financial conditions in the town’s goldfields. Seven years later, after restructuring and taking on the name Bendigo Mutual Permanent Land and Building Society, the bank continued to expand its holdings. In 1978, it merged with Bendigo and Eaglehawk Star, a building society established in 1901. After aquiring several other building societies, BBS became the first financial institution in Australia to successfully introduce both Visa credit and debit cards in 1982. Bendigo Bank also introduced the first “Green Loans” in Australia and formed “Community Sector Banking”, a joint venture with the not-for-profit sector. It received its operating licence in 2000 and absorbed the First Australian Building Society in Queensland, acquiring a new regional headquarters in Ipswich. That same year saw a A$75 million head office expansion in Bendigo. In 2007 Bendigo Bank rejected Bank of Queensland’s merger/takeover proposal, instead merging with Adelaide Bank. The A$4 billion takeover became official on 30 November, with a company name change to Bendigo and Adelaide Bank ltd. New headquarters in Bendigo were completed a year later. In April 2013, Bendigo Bank’s subsidiary “Oxford Funding” rebranded as Bendigo Debtor Finance, offering independent credit assessments and cash-flow solutions to businesses on a national level. Today, in its 163rd year, Bendigo Bank is Australia’s only provincially headquartered retail bank. As Victorian Governor Glenn Stevens said at the bank’s 150th anniversary, the fact that “The Bendigo” has endured so long being based in a town “born of gold” is remarkable. “Mining towns have their ups and downs with the inevitable cycles of discovery and depletion of ore bodies, booms and busts in commodity prices and all the associated exuberance, risk taking and inevitable subsequent disappointment for some, that goes with them. Bendigo in the gold rush days was no different. “For a locally based financial institution to ride through such cycles, without itself being too swept up in events, something must have been working well. It is surely not chance. “More likely, this success is remarkable testimony to generations of managers who had a good assessment of risk, plenty of common sense, a strong attachment to their core business and an ability to resist the temptation of exotic new opportunities. “It sounds simple. Yet the managements and Boards of some of the world’s largest and most sophisticated financial institutions did not meet that standard during the past decade, and the fallout is now upon them (and the rest of the world). Much shareholder wealth has been destroyed and reputations of some major institutions damaged.“ Bendigo Bank’s model seems to have worked well. It proves there is an important role for regional banks in the modern world, but also that well‑run institutions can successfully fill that role. Moreover, it shows that even in a globalised world, communities are still local in many important respects.
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Tanda exhibiting at CeBIT!
We’re excited to exhibit at CeBIT! Come along to CeBIT Startup and learn about Tasmin’s life ambition of being a T&A expert.
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Are you an ‘Uber Accountant’?
Gus Balbontin, Former Executive Director and CTO of Lonely Planet, opened MYOB Incite 2017 by posing the idea that there are two types of accountants. The first, and most successful accountant, embraces change. When customers move in a different direction, they are already two steps ahead and ready to capitalise. These accountants are the ‘Ubers’ of accounting. The second type of accountant, are resisters. They want to concrete things over and lock in their way of doing things. When the customer goes a different direction, they blame the customer and call for a ban on the new way of doing things. These are your ‘Taxi Industry’ accountants. With the rise of technology taking over many of the basic tasks of accounting firms, accountants are being forced to accept that the majority of their growth will come from providing higher order advisory services. Accountants who have already automated their basic tasks are able to spend their time with clients, providing higher order services that deliver real value. In an era where the amount of process based tasks they can bill for is rapidly decreasing, it is these ‘Uber accountants’ who are scaling their client base and offerings. My takeaway from discussing payroll with hundreds of accountants over three weeks while on the road, is that business owners turn to their accountants as their sole source of business advice, and in most cases this doesn’t just end at their finances. Accountants who offer payroll services constantly find themselves fielding industrial relations questions and interpreting Award conditions for their clients. With the average Australian Modern Award having between 180-200 different pay conditions, it’s easy to understand why clients are keen to outsource the process to a professional. The line between the Uber and Taxi Industry accountants in payroll processing is becoming undeniably clear. While the ‘Taxi Industry approach’ to payroll has remained stagnant and stuck in billable payroll hours, the ‘Uber approach’ has thrived as accountants seek to embrace the new role they play in a client’s success. The ‘Uber approach’ to payroll processing lies in automation, as accountants can bill for providing payroll advice and support, rather than just shuffling timesheets and paperwork.