Before you get stuck into the recipe, test your skills in this supa quick 10-step assessment below. Then, try again at the end to see your improvement.
Click below to begin the assessment.
Question 1 of 10
Zipho admires SMEs for their:
Bravery.
Ability to raise funding.
Creativity.
Question 2 of 10
What makes accounting beautiful?
The software you use.
Books that are clean and accurate.
The extent to which it keeps SARS off your back.
Question 3 of 10
What must SMEs do to get started on Xero?
Attend a 3-day training course.
Buy an annual subscription.
Go to the Xero website and follow the instructions.
Question 4 of 10
What cool service does Xero offer to SMEs when they first register as a partner?
The platform can connect them to accountants nearby who already use Xero.
Free data capturing for a month.
24/7 troubleshooting.
Question 5 of 10
SMEs can access other services, such as funding, through third-party apps in the Xero app store?
True
False
Question 6 of 10
Where is the best place to store your source documents?
In a water-tight shoebox in your garage.
In a securely locked room in your offices.
In the cloud.
Question 7 of 10
Why is a clean set of books so important?
Compliance is a prerequisite for access to funding.
With clean books you can answer all SARS’ questions.
Both of the above.
Question 8 of 10
Why is Zipho excited about working for Xero?
She loves building a community of accountants that helps SMEs grow.
She enjoys the perks.
Xero looks good on her CV.
Question 9 of 10
What is one of Xero’s particularly useful features?
Its app store where app developers can play around.
Its user-friendly reporting centre.
Its no-questions-asked cancellation policy.
Question 10 of 10
How should SMEs see their accountants?
As necessary evils.
As data capturers.
As business advisors.