What is Cornerstone Bookkeeping?
Based in Sydney, Cornerstone Bookkeeping is a small accountancy firm with a modern twist. Cornerstone has an in-depth knowledge of the latest cloud accounting solutions available, and puts it to good use with their clients. Their clients are usually sole traders or small firms, which is where cloud accounting shines. Where a small firm or sole trader may not have the time to sort out their bookkeeping duties, Cornerstone comes into the picture.
Cornerstone has considerable experience in frequently used cloud accounting solutions such as Xero, Quickbooks & MYOB. Other services that they frequently use include Tsheets, EnableHR, Employment Hero and Box. These services put together ensure that their clients are fully in control of their business finances in the most efficient way possible.
Clearly, a firm like Cornerstone could get a great deal of leverage from the Accountancy App. The App features an in-App browser that allows users to interact with their favourite accounting solutions, tons of useful calculators, tax tables and tax dates with frequent updates and other invaluable services that will be detailed below.
The Power of the Cornerstone Bookkeeping App:
The Cornerstone App has been built from the ground up to provide immensely handy tools and financial information at your disposal regardless of where you are, saving their clients time and money. As part of the Cornerstone App, you will receive a variety of multipurpose calculators. On average, 12,750 App users worldwide use these calculators monthly, a clear indication that these calculators are invaluable to businesses and individuals.
Their other finance tools on offer include some Australian tax tables. Like the calculators, the MyFirmsApp team adjusts these tables whenever a change in tax rates is announced by the ATO. Here’s a list of calculators and tax tables available in the App:
- Income Tax
- Company Tax
- PAYG Withholding
- Super Caps contributions
- Domestic Meal Allowance
- Goods and Services Tax
- Gross Pay
- Capital Gains Tax
- Loan Repayment
- Fringe Benefit Tax
- Super Salary Sacrifice
- Company tax rates
- Income for Medicare levy surcharge, thresholds and rates
- Resident Tax Rates – Individual
- Individual Tax Rates for Minors & Adults
The Cornerstone App can also incorporate the latest finance, tax and accounting news on the go, provided you have an internet connection. The news section will be updated by the MyFirmsApp team whenever necessary, so you don’t have to do anything. It can also display any dates that would be important to your clients – dates for due tax returns, the beginning and end of current tax years, activity statements and so on.
Easily track your mileage, income and receipts all in one place
Tracking your mileage is something you want to do when using a company car, or for keeping track of travel expenses. Doing it by the old pen & paper method can be confusing and a drain on your time. The Cornerstone Logbook tool will record your travels for you and organise it all into a single App, which can be easily exported via email.
Keeping track of your overall income is something that can take up a lot of your time, time you could spend on other business activities. The Cornerstone Income Tracker allows you to input all your different forms of income into one place and track it next to total expenditure.
The App offers several integrated cloud accounting services for App users, such as MYOB, Xero and Quickbooks. Other services include Tsheets, EnableHR, Employment Hero and Box, as well as easy access to the company website and news sites featured in the Finance News section.
This App also supports an amazingly effective and quick communication tool: Push Notifications. Compared to emails, Push Notes are far quicker to draft and publish and get noticed and acted on by recipients 4 to 5 times more often than an expensive and time consuming email campaign that frequently ends up ignored.
In conclusion, Cornerstone’s decision to launch an App into the Australian market will be an auspicious one. Less than 1% of Accountants in Australia have launched an App. This gives Cornerstone the much-needed edge over their competitors, which will allow them to maintain their impressive growth rate, retain their clients and bring the App revolution to the Australian accounting industry.
Register for your Full Feature Trial:
With over 800 firms using our App and 30-40 new firms subscribing every month, your trial carried out by phone in just 15 minutes will show you how an App will transform your firm and attract new clients with numerous essential resources and features such as frequently updated tax tables, calculators and budget packs, full integration with cloud accounting services and many more.