Working with QuickBooks’ Vendor Records

Working with QuickBooks’ Vendor Records It’s important to maintain good relationships with your vendors and suppliers. QuickBooks helps you track your interaction with them. QuickBooks never forgets. That’s one of the reasons you use it. You create a record or transaction, enter a note about a customer, or write a check, for example, and the […]

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Why You Should Be Accruing Expenses

There are two methods of recognizing expenses and income in accounting: accrual and cash basis. The kind of method your company chooses will determine how it records and tracks finances. While the cash method is a simpler way of recording finances in the books, the accrual method allows businesses to recognize expenses and revenue as […]

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Are You Applying Finance Charges? Should You Be?

Are You Applying Finance Charges? Should You Be? Assessing finance charges is a complicated process. But if you have a lot of late payments coming in, you may want to consider it. There are many reasons why your customers send in payments past their due dates. Maybe they missed or misplaced your invoice, or they’re […]

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Working with Bills and Expenses in Xero

July 2015 Working with Bills and Expenses in Xero It’s much more gratifying to work with incoming payments, but the money has to go out sometimes, too. Here’s an overview. Xero provides numerous ways to pay for goods and services that your company needs in Xero. How you do so depends on the type of […]

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How To Create A Budget For Your Small Business

When you own a small business, a budget can be an important tool for business growth and keep you on track. Budgets provide a road map that guides you from present operations to the ultimate expansion and growth you envisage for the business and facilitate the attainment of these goals. Sustaining a small business and […]

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Expensify and Xero

Expensify – An Indepth look at a great Xero Add-on Expensify is your online solution for tracking expenses and creating and submitting expense reports. Even if your company does not use Expensify, employees can still use the site to organize and categorize receipts and expenses for free, as well as have the ability to create […]

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