You make dozens of purchases from Amazon for your business. But tracking and organizing those purchases is often a challenge. After all, you can purchase almost anything from Amazon! You know there must be a better way to manage your Amazon purchases. Amazon offers a Business Edition. What is Amazon Business? Is it a better […]
Tag Archives: accounting
07
Jun
Jun
Have you ever noticed that some transactions in your books are being categorized to a suspense account? Suspense accounts can be confusing. You may have questions such as: What is the purpose of this account? When do you use it? Why does it have a balance? We will discuss each of these questions one at […]
29
Mar
Mar
If you own a business, understanding accounting terms is not likely at the top of your list. It’s understandable; you may be juggling several responsibilities at once or simply do not have the time. Besides, if you pay an accountant or bookkeeper to manage your books, why do you need to know this stuff? A […]
Bookkeeping, General Business, Outsourcing
What are the challenges when you outsource your accounting?
15
Mar
Mar
It’s not possible to give every element of your construction business the time and attention it deserves. You’ve been trying to handle your finances on your own but it’s become overwhelming and you’re not even sure you’re doing everything right. Wouldn’t you rather devote all your energy to things you excel at and actually enjoy? […]
15
Feb
Feb
Adjusting journal entries, or AJEs, is an accounting term you might have heard thrown around before and never quite understood. You may have even received AJEs from your tax accountant in the past, had no idea what to do with them, and ended up shoving them in a desk drawer or filing them away somewhere. […]
27
Apr
Apr
Have you ever received a bill that you would like to partially pay? What should you do if you receive a partial payment from a customer? Xero allows business owners to navigate these challenges successfully with the ability to apply split payments against both invoices and bills. Let’s see how. How to split a payment In […]