Xero Shortcuts You Need to Try

By | September 26th, 2020|Accounting, Xero|

If you’ve read any of our other posts about Xero, you're probably aware of the time you can save a by linking your bank account to the app. But there are a number of Xero shortcuts that offer even more time savings.  Try some of these common Xero shortcuts to reduce your bookkeeping time so you can get back to the part of your business you enjoy the most. Xero Shortcuts for Bookkeeping  Bank Rules Bank rules allow you to set parameters on money spent, money received, and transfers. Once a bank rule is set up, Xero will recognize the rule, [...]

How to Ask Your Accountant a Question in Xero

By | September 22nd, 2020|Accounting, Xero|

Have you ever wondered how to ask your accountant a question in Xero? If you’re new to Xero, you might have questions as you get started using this amazing cloud accounting app. Even if you’re not new to Xero, you may come across something in your bookkeeping you haven’t seen before or aren’t sure how to properly record. Thankfully, Xero makes it really easy to ask your accountant a question without leaving the app, saving you precious time. But before you can start asking your accountant questions in Xero, you’ll need to make sure your accountant has access to your Xero [...]

Common KPIs and How to Monitor Them in Xero

By | September 10th, 2020|Accounting, Business, Xero|

Common KPIs (key performance indicators) are whatever numbers you determine are critical to your business’s success. They can vary depending on your industry and how you run your business. An online marketing company isn’t going to have the same KPIs as an automobile manufacturer.  Choosing the right KPIs can be tricky. Start by looking at your financials. Are there any numbers that jump out at you as being way too high or low? If so, you’ll want to keep an eye on those.  Do you notice any trends when comparing the same numbers over different time periods? This is something else [...]

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Lesser Known Xero Features You Need to Check Out

By | August 27th, 2020|Accounting, Business, Technology, Xero|

Xero is truly a time-saving accounting app. Most Xero users are aware of the ability to link Xero to their business bank and credit card accounts to speed up bookkeeping, but there are a number of other time-saving features included in Xero.  Here are some of the lesser known Xero features you need to check out to make the most of this accounting app. Items Items can save you a ton of time when invoicing customers by creating a list of the services and products you offer. Under the “Business” tab select “Products and services.” Click the button on the left [...]

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Grow Your Business with Xero

By | August 20th, 2020|Accounting, Business, Xero|

What in the world is Xero and how can you grow your business with it?  Xero is an accounting app that can save you time and money. With Xero, you are able to link your bank accounts and credit cards to the app, so your business transactions are automatically downloaded to Xero. Why Grow Your Business with Xero? Because Xero saves you time and money with your bookkeeping, you can focus on the key activities that will help you grow your business. Instead of spending hours sorting and recording receipts, you can touch base with your customers and find out what [...]

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Get Paid Fast with Xero Mobile Payments

By | July 30th, 2020|Accounting, Business, Xero|

Being a business owner sometimes means doing things you don’t enjoy like making “The Call.” You know, the one that starts with idle chit chat and quickly leads to, “So, any chance you’ll be paying your invoice in the next week?” Nobody likes having to hunt down customers who haven’t paid. Avoid having to make The Call with Xero mobile payments. What are Xero Mobile Payments? Xero mobile payments use Xero invoicing together with Stripe and/or PayPal integrations so you can accept debit card, credit card, and pre-authorized debit payments directly in Xero. Instal the Xero app on your cell phone, [...]

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Why Your Accountant Should Have Access to Your Books and Records Even if You Are Your Own Bookkeeper

By | July 23rd, 2020|Accounting, Business, Xero|

In this situation, when we say, “Books and Records” we mean your bookkeeping program. It’s important that your accountant have access to your bookkeeping program for many reasons, not the least of which is making life easier for both you and your accountant. Thankfully, accounting apps like Xero have made giving your accountant access to your books and records much easier than it used to be. Providing Access to Your Books and Records Makes Life Easier Things are so much simpler in the world of cloud-based accounting. Here are a few ways giving your accountant access to your books makes your [...]

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How to Use Xero’s Business Snapshot Feature

By | July 15th, 2020|Accounting, Business, Xero|

Xero has recently added two new features to help you during this period of the COVID-19 pandemic. Today, we’d like to share an introduction to the Business Snapshot feature. To find the Business Snapshot feature click on the business tab then select “Business Snapshot.” It should be second from the top in the business menu. Besides providing you with a valuable analysis of your business, if you’re a visual person and like graphs, this is a fun feature to use. Some of the things you can view on the business snapshot are income, expenses, profit or loss, efficiency, overall cash position, [...]

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Our Favourite Xero Integrations to Help You Run Your Business from Home

By | July 6th, 2020|Accounting, Business, Xero|

An important part of doing business from home is ensuring you’ve got the right tools. Xero cloud-based accounting software is one of those tools. With the option to add Xero integrations, there’s nothing you can’t do.  Whether you want to get paid faster, process payroll, or track profitability based on specific jobs, you can do it all with Xero. What are Xero Integrations? A Xero integration is an app that works in conjunction with Xero so you can do more. With integrations, you can work more efficiently, because the integration saves the time it takes for you to go back to [...]

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9 Signs It’s Time for a Virtual Controller

By | June 30th, 2020|Accounting, Business|

Sometimes it’s hard to know when you need help in your business. Other times, you know you need help, but you’re nervous about hiring the wrong person. Or maybe you’re not sure you can afford to hire someone. That's where a virtual controller can help. A virtual controller is the perfect solution. They can take on all the things keeping from the work you love at a fraction of the cost of hiring a full-time employee. Here are nine signs you might need a virtual controller. 1. You’re Constantly Behind When the paperwork is piling up, it’s difficult to get to the [...]

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