5 Ways Self Storage Sites Can Be EOFY Ready
June 30th has crept up on most of us again. We seem to have one every year and our 5 Ways Self Storage Sites Can Be EOFY Ready guide should help. If you are running a Self Storage business, then here are our top 5 ways to be ready for the end of the Financial year.
- Track down those rogue debtors. Every Self Storage sites has them, those storers who you just can’t get to pay up on time. If you have a lot of them then your business is subsiding them and if you use accrual accounting, then come June 30 you will have a tax liability and a GST liability for them. You have to fund this from cash flow, so consider firmer action to get them up to date. Here are some ideas to get customers to pay.
- Prepay some expenses – Prepaying expenses prior to June 30 in many cases delivers a tax deduction. Consider updating security like old out of date keypads, cameras, DVR’s and more. Even interest can be prepaid, check with your accountant. Here are the ATO Rules .
- Get your software “cleaned up” – June 30 is a good time to take stock of all your software tools. Is your software up to date? Clean out your email inbox, archive old emails and complete all backups. clean out your inbox with secrets from Steuart Snooks.
- Consider Dropbox. DropBox is a cloud based data sync and back up tool. Migrate your data folders to DropBox. This will help prevent data loss in the event of a fire, computers malfunction or if your computer is stolen.
- Print out End of Year Reports – In accounting software you will need to complete any prepayment journals, make any adjustments needed, print out debtors, creditors ledgers, Payroll reports, GST balances and a trial balance. In your Self Storage software, print out management reports, occupancy, banking and debtors and prepayment reports.
Some consider that the end of financial year is a good time to consider a general price increase for space. With modern Self Storage software like SiteLink Web Edition, blanket end of month prove increases are a thing of the past. SiteLink has powerful built in revenue tool to manage rent increases on an individual customer basis.
The end of the financial year is a great time to take stock of your business performance. How did we do for the year could we do better? Are my systems holding me back?
The start of new financial year means you can plan to do better, update systems and take advantage of new technology. Some sites can take advantage of up to $20,000 immediate tax right off – handy to update gear and more. Updating to new Self Storage software is only a 24 hour process, so consider an update to SiteLink Web Edition for the new Financial year and join with over 2,400 sites who changed in 2016. Call us today on 07 3184 4351 for more details.
Book an online demo today and see for yourself how SiteLink makes it easy to manage your self storage facility to the highest standards. Simply fill in the form below to get started.
"I've had a consistently positive experience with the Sitelink Support Desk. The team is responsive, knowledgeable, and always willing to go the extra mile to resolve issues efficiently. They understand both the technical and user-experience sides of support, which makes communication smooth and effective. Tickets are usually resolved same day, and I appreciate the follow-up after resolution. Highly recommend their support team — they're a crucial part of our success."
"The team at R6 / SiteLink support are second to none when it comes to their understanding of the self storage industry. They provide a great product with a support team that can guide you through all the complexities of the day to day running of your sites. SiteLink software will enhance both the facility owners and their storers experience when it comes to selling space and driving revenue!"
"I have been dealing with Site Link for several years and am thrilled with their customer service and how approachable they are and easy to contact. They have a quality product which is hard to match. The Site Link team headed by Dallas, Curt and Michael are true professionals. They have my tick of approval. How is it that they continue to improve upon what is a great service and product already? Don't know but they do."
"We recently changed our franchise network onto SiteLink after years of average customer service and questionable software performance. At all times we have found Michael, Curt and the rest of the SiteLink team to be incredibly helpful. We have relied heavily upon the support staff to train us in what is a very fast paced working environment. There has never been a phone call unanswered or a question too stupid. Highly recommended!"
"Thank you Sitelink & your support team for shining the light for us towards a more streamlined, efficient management system. I know help is only ever a phone call or email away & things get sorted very quickly. You are a great team with a wonderful positive attitude & you deserve to feel proud of your excellent customer service."
