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Edward - CEO

Edward O’Leary is co-founder of Abtrac, a time management, billing and project management solution for professional services businesses in Australia and New Zealand. He has had more than 20 years advising time based billing businesses such as architects, professional engineers, surveyors, planners, cost estimators PR and HR agencies, general consultants and others on how to effectively monitor, measure and manage their services business to streamline processes and achieve a stronger bottom line.

Recent Posts

A real success story of linking Abtrac with Xero

Posted by Edward - CEO on 03/09/2020

Abtrac Integrating With Xero: A Xero Users Success Story with Abtrac


As part of our research for this article, we called several of our Xero users in New Zealand and Australia. Many gave us both a verbal response and followed up with a more thoughtful email.

One was from Janine at a professional services firm of some 30 staff in Wellington, New Zealand. It really covered all the things every one of our respondents had raised. We print it here with her permission.

Janine writes:

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Topics: In the workplace, Money Management, Staff Management, Xero, Accounting Software, MYOB, Project Management, Job Management

How to manage your Business Advisors

Posted by Edward - CEO on 09/07/2020

 Abtrac CEO Edward O’Leary gives his thoughts on How to Manage Business Advisors

Someone called into my office to see me the other day. She was quite frustrated. She knew I’d worked for an accounting firm in my past. She’s been a user of Abtrac for a long time. And she was in the neighbourhood. She’d had problems with some of the balances in her accounting system. She went to see her local accountant for help to sort things out.

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5 Things to Help You Focus on Business Management

Posted by Edward - CEO on 25/06/2020

You’ll be hard put to find a news site today that doesn’t have a bad forecast for the global economy.

Even locally we read that the majority of people in our lovely lands are inexorably falling behind economically. “The decline of the middle classes.” Indeed we probably all know people who are struggling right now, trying to keep up, trying to live within tight financial constraints.

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Topics: In the workplace, Money Management, Staff Management

Successful business management: Project planning and management

Posted by Edward - CEO on 12/06/2020

Project Planning and Management

Every growing business gets to a stage where directors and managers get the feeling they’re ever so slightly ‘out of touch’. Things are too busy. It can get worse quite suddenly. Founders aren’t seeing the progress they’d hoped the business would have made across the range of jobs at hand. At the end of each week,  and at month end there is outstanding work that should have been completed.

Obtaining buy-in on expectations of work to be done by your staff is part of the recipe for success.

It’s not Big Brother. It’s plain and simple, good business management. Shying away from discussions on expectations will result in Parkinsons Law prevailing. That benefits nobody.

 

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Is Your Business Throwing Away Money,  Rekeying Data?

Posted by Edward - CEO on 05/05/2020

In any business, the ability to efficiently collect and analyse data is widely acknowledged as key to its success. But incredibly, the widespread use of spreadsheets for data manipulation and storage is alive and kicking. Reports are delivered with much effort and often collated from data that let’s face it, is old.

I took an enquiry recently from someone. How could they better manage their costs in a firm of 40 staff. She started by saying their team of 10 full time administration and accounts people, “do everything for us”.

Since many of our clients run at ratios of 10:1 or 8:1 billable to non-billable staff I was staggered to hear of a ratio of 3:1. Upon further discussion it became clear.

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Topics: In the workplace, Xero, Accounting Software, MYOB, Project Management, Job Management

7 Tips to Manage Your Business Through the Global Recession

Posted by Edward - CEO on 16/03/2020

How to steer your way through the Covid-19 recession.

At this stage we can only imagine what a pandemic really is like, and what impact it will have. Health professionals are saying nobody is alive today who has lived through a phenomenon like Covid-19. And they added it could last up to two years.

The probability of a global economic recession is high.

Whilst our own, and our loved ones and our community’s health is paramount, attention also needs to be given to the health of our businesses. This is the focus of this blog.

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