Back in mid-September we had a very exciting day at Beyond Balanced Books! We were asked to be a part of a Xero case study video series. We were so honored to be asked, so of course we said yes! Let me tell you a little about that special day. We felt like celebrities as […]
Category Archives: Bookkeeping
02
Sep
Sep
Entering transactions in your accounting system regularly is important, but what if you want to attach supporting documentation to your purchases? Xero gives users the ability to attach documents to bills. When a document is attached to the bill, it can be referenced with a single click. Let’s see how. How it works First, navigate […]
05
Aug
Aug
Xero contains many features that enable multiple users to work together with ease. One such feature is the Discuss tab on the bank reconciliation screen. Within this tab, users can save notes regarding any unreconciled bank statement line. The result is that issues can be resolved and questions answered much more quickly. Let’s take a […]
Real-time accounting is when your books are caught up to the present and you know exactly where you stand with your account balances, revenue, and profit. It’s truly doing your accounting in real time. The opposite of real-time accounting is getting your books done once a year (or worse, being years behind). When you wait […]
Creating repeating invoices in Xero can save a lot of time if you are a company who charges your clients a monthly fee. There is no need to enter the same information every time you do your billing. By following these simple steps you can streamline your billing and free up some of your time. […]
Do you spend a lot of time reviewing stacks of reports each month so you can get the information you need to make decisions? Do you find out after the fact that something went wrong in your business and that if you had known about it sooner, you would have made different decisions? If so, […]
30
Jul
Jul
If you are like most small business owners, you barely glance at the Balance Sheet and go straight to the Profit & Loss Statement (also known as the Income Statement). But there is a lot of value in reviewing this report. In this article, we discuss the main components of the Balance Sheet. We also […]
You have been hearing about it, you may even be curious about it, but the real question is – are you ready for a online accounting? Online accounting provides so many benefits, including – anytime anywhere access, the ability to collaborate, and security of your precious data. Anytime Anywhere Access Do you ever feel chained […]
04
Jun
Jun
Bank reconciliations. You know you should do them, but why? What is a bank reconciliation? What should you look at after you have performed a bank reconciliation? How often should reconciliations be done? What is a Bank Reconciliation? A bank reconciliation is a comparison of what the bank says your balance is to what your […]
Now is a perfect time to get your financial records in order. Tax moves you make now can mean saving you money. Here are five quick tips for you to feel more prepared about your financial status as you go into year-end. Avoid Penalties This time of year is ideal to double-check your tax payments […]