Category: Bookkeeping

Our webinars will now include tips specifically for our partners to get the most out of Xero, chances to win spot prizes as well as guest appearances from Xero leaders. Our product and technology teams are constantly making improvements in Xero, implementing changes to

By the end of this post, you’ll better understand startup bookkeeping and accounting, so when you assemble your team, you’ll know all the right questions to ask. As a startup, managing cash flow and minimizing expenses are critical to your business’s survival and growth.

For example, by analyzing the difference between actual costs and standard costs, management can identify the factors leading these differences. Analysis of variances between standard costs and actual costs provide vital information useful in improving and maintaining efficiency of operations. Basic standards are standards

Let’s take another look at The Home Depot, Inc. balance sheet as of February 2, 2020. Based on the purpose of depreciation mentioned above, depreciation should only commence when the asset is ready for use and is at the location that it is intended

Create beautiful invoices, accept online payments, and make accounting easy—all in one place. Yes, switching from other accounting apps or products to Wave is easy! See our step-by-step guide on how to import bookkeeping data into Wave here. When everything is neatly where it

To further illustrate the analysis of transactions and their effects on the basic accounting equation, we will analyze the activities of Metro Courier, Inc., a fictitious corporation. Refer to the chart of accounts illustrated in the previous section. As we’ve learned previously, the accounting