Azendit is Changing the way Accountants Work with Small Businesses

Eugene, Ore.

Accounting firm Azendit, headquartered in British Columbia, has added innovative cloud-based application LivePlan to its suite of small business offerings

[CHILLIWACK]. - June 9, 2014 - Azendit was founded on the philosophy of helping small business owners succeed by freeing them from complicated spreadsheets and intimidating financial systems. With innovative systems and advisory services, Azendit gives businesses the confidence to focus on their passions, while still knowing the financial health of their business.

Azendit’s approach integrates cloud-based accounting software Xero with business planning and financial tracking software LivePlan. These cloud-based tools, coupled with Azendit’s expertise in accounting and financial management, gives their small business clients an advantage.

Research from Cranfield University’s School of Management shows that small businesses who actively plan, track against that plan, and adjust their plan based on market need, grow 30% faster. Planning and tracking is what separates small businesses who are surviving from those who are thriving.

“LivePlan gives our small business owners the ability to understand their financial strengths and where they need to adjust their assumptions,” said Keith Bogard, CEO of Azendit. “LivePlan’s integration with Xero helps us, as the accountants, play the larger role of a financial advisor by allowing our clients to easily access key financial data wherever they need it, in a format that’s easy to understand.”

Jennifer Grimm, CEO of Lux Beauty Boutique in Edmonton, Alberta said, “I’m excited to have an in-depth real-time snapshot of the financial health of my business. LivePlan is going to help me accomplish my company’s expansion goals.”

Created by Palo Alto Software, LivePlan helps small business owners easily develop budgets and forecasts, create goals for their business, and then track their progress on a dynamic dashboard that syncs with popular accounting systems. LivePlan imports accounting data from Xero and QuickBooks and presents the information in a dashboard view that shows business owners where their financials stand compared to their original plan and previously set goals.

“Accounting data alone is not sufficient enough to run a business,” said Sabrina Parsons, CEO of Palo Alto Software. “Business owners must also track how those actual numbers compare to their budget and forecast and their historical performance. LivePlan gives small business owners access to this information - in an easy to view format - without having to ask their bookkeeper or accountant to run multiple reports. With this, accountants are becoming strategic advisors, and helping small businesses in areas beyond taxes, bookkeeping, and audits.”

About Azendit

Azendit Accounting & Business Services is a leading edge accounting firm that utilizes cloud technology to allow small business owners real-time visibility of financial performance. This has enabled Azendit clients the ability to effectively manage growth, expansion and at the same time remain competitive in their industry.

Azendit was founded in 2011 by Keith Bogard and is one the most progressive cloud accounting firms in Western Canada and USA with clients in British Columbia, Alberta, Saskatchewan, Yukon and Washington state. Azendit’s services include cloud accounting app selection and implementation, virtual bookkeeping and virtual CFO services along with tax advisory and year-end preparation. Azendit is a privately owned company and is based in Chilliwack, British Columbia.