When Does Your Bookkeeping Need Rescue Work?

If you’re 3 months or more behind, call in help! When it comes to your business account keeping, unless you’re a bookkeeper, bookkeeping is probably your least favourite thing. However, it’s also a fundamentally important part of running a business. We provide...

How to Make a Capital Purchase That Won’t Affect Your Cash Flow

A Chattel Mortgage Can Help Keep Your Business Cashflow Under Control In our Xero Daily Reconciliations Course, you’ll learn how to set up a chart of accounts, among other things such as running balance sheets and Profit and Loss (P&L) statements. For the most...

Hiring Someone New? Why You Need to Personally Check their References

Why It Pays to Call the Switchboard When Doing a Reference Check I recently had a conversation with a colleague who said she’d never once been asked to produce a copy of her university degree or her transcripts, despite stating on her resume that she’d graduated with...

Linking a Financial Forecast with Xero and Excel

Excel Will Help You Work Out the HOW of Depreciation We recently updated our advanced Microsoft Excel Training Course content. It now contains a case study, by way of an extra exercise workbook, using a granny flat building project to create a financial forecast. We...

Which Transactions Affect Balance Sheets?

Avoid Any Nasty Surprises: Balance Sheets Matter! A business’s balance sheet is a snapshot of its financial position at a particular period of time, which is not to be confused with a profit and loss (P&L) statement. Unlike a P&L, which just shows whether the...

Basic Bookkeeping Reports in Xero: Profit and Loss

Learn How to Run a P&L Using Xero A basic, yet vitally important, report for every business owner is a profit and loss (P&L) statement. A profit and loss statement, as the name suggests, shows whether a business is running at a profit or a loss over a given...

Use DropBox to Store Your Tax Records Digitally

Online Billing: A First Step to Online Filing In a previous post we suggested it’s a good idea to create a digital filing system for your business receipts and tax records. Storing tax records digitally is not just a space saver — it’s also an efficient way to...

How and What Kind of Receipts Do You Need to Keep?

Online Receipt Keeping is the Way to Go A huge part of reconciling your bank account involves coding business expenses or purchases you’ve made and keeping a record of those expenses in the event you’re ever audited. Our Xero Bank Reconciliations and Journal Entries...

Performing Weekly Reconciliations in Xero

Why it Pays to do Regular Bank Reconciliations In our Xero Bank Reconciliations and Journal Entries Course, you’ll learn how to carry out each step in the reconciliation process, in particular how to set up bank feeds. Bank feeds are an important function that allows...

How Bank Feeds Save Time and Money

Making Light Work out of Bank Reconciliations Cloud accounting software’s greatest innovation was not putting the software in the cloud; it was introducing bank feeds. You’ll learn how to set up bank feeds in the latest version of Xero in our Xero Bank...

Announcement: Xero Bank Recs and Journal Entries

Bank Recs are a pain in the !@Accounts#$ Although the daily data entry is a frustration for many business owners and manager, particularly if you are quoting, ordering and invoicing regularly, the bank reconciliation is the most frustrating for bookkeepers, BAS agents...
 
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