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Can you trust your bookkeeping data?


We are super chuffed to be part of this drive towards cleaner data and a first in S.A. Our HeadsUp reporting has been making waves since we officially launched this new service for our clients in March 2020.

Vehicles have heads-up displays

These days we rely on artificial intelligence and the like to provide us with information ahead of time, of a potentially hazardous event. Think about the typical “heads-up” displays in luxury vehicles. Without taking your eyes off the road, you have sufficient information available and enough insights into what is ahead of you, that you can safely navigate while driving to your destination.

Business owners also need HeadsUp displays

Just like these luxury cars helps their owners drive safer and less stressed, the need exists for business owners alike! That is why our HeadsUp report was born…out of the greater need to rely on more accurate accounting data.

There is no use in offloading your record-keeping on Xero, to an accountant or bookkeeper and then relying on the management accounts they produce if the data is incorrect. Management accounts are ultimately the roadmap or GPS that business owners use to determine whether or not they are still on course.

The 1 in 60 rule

Pilots refer to the 1 in 60 rule, which states (in my own words):

“A rule of thumb estimate that indicates that if a pilot’s flight plan varies by 1degree, he will be 1 mile off course for every 60 miles flown. ”

Imagine where the plane would be after a few hours if there is no heads-up warning that the pilot is off-course!

In a similar fashion, the business owner has to be able to rely on the management accounts to highlight all the possible “1 degrees”. If the management accounts are no good, they better strap in because it is going to be an uncertain and possible bumpy ride!

Dashboard view of your data

With the vast amount of data that is being generated in your Xero accounts, it is imperative to have a dashboard view of your analytics. This makes it easy to interpret and course-correct where needed.


can you trust your accounting data


Drilldown insights into non-accounting data

To have visibility of non-accounting data such as your Fixed Asset Register, and reconciled against your actual Xero data for any anomalies, makes this report extremely valuable.


can you trust your bookkeeping data


Artificial Intelligence at its best

Having AI do some of the heavy lifting for us, enables us to dive deeper into the actual data and find those gremlins in no time. Identifying possible over-spend on certain key suppliers is simplified through AI mapping out your historical spending and tracking any anomalies against that spending. We can now drill down to the actual data with the click of a button.


can you trust your accounting data


Something your business could benefit from?

If this is the sort of insight you need into your Xero accounts, you can head over to our HeadsUp Accounting page for more information.


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I have only the greatest appreciation for this company. I was going through a difficult time and they were understanding and accommodating. My tax was handled speedily and efficiently.
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We have been using Melissa, Marche and the rest of the crew at ThriveCFO for over 10 years, in order to compile our annual audit for Law Society. They have been exceptional, efficient and pro-active every year. I would not take the business anywhere else.
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Our firm has been making use of the services of Thrive CFO for more than 10 years. Thrive CFO has amazing staff that is not only extremely helpful, but also very capable. We are extremely happy with their services and will continue to support them. They make accounting easy. Thanks Melissa, Marche and the rest of the Team - You Rock!!
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The ThriveCFO team has been our trusted accounting and tax partner since 2010. They are competent, honest, approachable, quick to respond, and they really do care. I highly recommend them.
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I feel as though Thrive CFO is a natural part of our business. 100% professional. Very knowledgeable. Incredibly organised. And with a work ethic and proactive communication practices, I know I am in the very best hands possible.
Sean Fabian
Sean Fabian
07:45 04 May 23
As someone who has had the pleasure of working with Thrive CFO, I can confidently say that they are an exceptional company with an unwavering dedication to their clients. From beginning to end, their commitment to providing top-tier financial services is evident in every interaction.One of the things that sets Thrive CFO apart is their focus on education. They take the time to educate their clients on financial best practices and help them understand the reasoning behind their recommendations. This approach ensures that clients are empowered to make informed decisions about their finances.Thrive CFO also uses the latest technology to streamline their services and make the financial management process as efficient as possible. They utilize cloud-based software to provide real-time financial data and make it easy for clients to access their financial information at any time.Overall, Thrive CFO is an exceptional company that is dedicated to providing personalised financial solutions that help their clients succeed. If you're looking for a financial firm that truly cares about your success, I highly recommend Thrive CFO.
Michael Dawson
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Great experience with the team! Always willing to assist with questions and able to help guide my small business to ensure that I am compliant.
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