Many business owners don’t fully understand the distinction between accounting and bookkeeping, but it’s vital to know they’re not the same thing. And this matters because in order to understand whether your business needs an accountant or a bookkeeper, you need to know what the difference is between the two. We’re going to take a [...]
Bookkeeping is no small task for small and big businesses alike. It’s the activity that projects the financial health of the company by analysing revenues and expenditure. Originally, booking was a manual task that entailed using books and ledgers, hence the name bookkeeping. Fortunately, today there is the availability of software that has replaced physical [...]
It can be tough to start a new business venture. As much as you expect to take the world by storm with your venture, it doesn't turn out that way. Building involves things like hiring staff, IT solutions, and the most feared bookkeeping and tax. Fortunately, Xero can help you effortlessly and effectively take care [...]
When you start a small business, it’s likely you have a particular passion or skill that you want to share with others. Unless you’re equally skilled in finances and bookkeeping, you might find yourself struggling to keep your accounts organised. Thankfully, there are a few things you can do to keep your books organised and [...]
As a business owner you have many plates that you need to keep spinning, so the right tools and software to automate and keep tabs on different areas of your company are crucial. And when it comes to bookkeeping, it doesn’t get much better than Xero; their secure online accounting software lets you work from [...]
Bookkeeping is essential for every business but it’s not a task that most people enjoy. In fact, most business owners spend more time and resources than they need when attempting to manage their own accounts. Fortunately, technology advancements have revolutionised the industry and made it easier than ever to keep track of your finances. As [...]
The coronavirus outbreak has hit your business with a new challenge - one that it’s probably never faced before. You find yourself in a strange situation where you’re either not working at all, or you’re operating at a limited capacity. This throws up plenty of different concerns as you look to keep your business afloat. [...]
The accounting aspect of your business is one of the most critical processes in the entire company. Get it wrong, and you can expect a hefty tax bill that brings the firm to its knees. Even worse, the stigma will stick with you forever, and shivers will run down your spine every time it’s tax [...]
Xero is one of the most popular accounting software packages available. Xero training offers people the skills that they need to use the software effectively, and benefit from the various features that it offers. If you are interested in Xero training, you might have a few questions about how it works and how it can [...]
Let’s face it, accounting and tax are by far the most tedious parts of running a business, costing thousands of business owners hours of their time that they’ll never get back. If that sounds like you and you’re currently deep in a hole of invoices, expenses and bank statements then thankfully there is a solution [...]
