Data Entry vs Bookkeeping vs Accounting

What kind of financial maintenance do you need for your business? There’s a common misconception that data entry, bookkeeping and accounting are similar disciplines but each position performs different duties (with some overlap). The chart below identifies the different duties of these three roles. Set-up  Enter Transactions  Checks, reconciliations and end of year processes Payroll  [...]

Bookkeeping vs Accounting

Bookkeeping and accounting are both crucial business functions, but they are not the same. There are key differences between bookkeepers and accountants. This guide will explore the main differences and provide you with all the information you need about bookkeeping vs accounting. What is bookkeeping? Bookkeeping is predominantly concerned with recording financial transactions and ensuring [...]

What is Xero?

In the past, accounting was typically done with pen-and-paper systems that often involved an accountant skilled in the use of a calculator and many sheets of paper that needed filling in. It was all about reading from invoice sheets, bills and other financial documents and compiling a business’s books by hands. Nowadays, there are far [...]

What to Look for In Xero Bookkeeper Training Courses

What to Look for In Xero Bookkeeper Training Courses Xero is one of the world’s most popular accounting software packages, thanks in no small part to its ease of use, time-saving ability, and affordability. Whether you are a small business owner or an accounting or bookkeeping professional, Xero can assist in many ways.  It will [...]