Call now toll free at 1-844-8VHACCT (1-844-884-2228)|info@vhaccounting.ca
TwitterLinkedInEmailSkype

About Michelle Cornish

Michelle Cornish is an author and former CPA from Enderby, BC.

How to Use the Xero Accounting App to Choose a Business Strategy

By |2022-06-24T01:19:19+00:00June 24th, 2022|Accounting, Business, Xero|

As a small business owner, you have to make tough decisions when it comes to your finances. Should you reinvest in the business? How can you ensure that your money is working for you? Xero is an accounting app that can help you answer these questions and more. In this blog post, we will discuss how Xero can help you choose the right financial strategies for your business. Xero makes it easy to keep track of your expenses, revenue, and cash flow so you can make informed decisions about the future of your company! Let's take a closer look at how [...]

Read More
 0

How to Create and Customize a Chart of Accounts in Xero

By |2022-06-14T02:20:12+00:00June 14th, 2022|Accounting, Xero|

If you are running a business, then you will need to understand accounting basics, including what a chart of accounts is. Xero is a great cloud-based accounting software that makes it easy to create and customize your chart of accounts. In this blog post, we will walk you through the steps of creating and customizing a chart of accounts in Xero. Let's get started! What is Xero? Xero is a cloud-based accounting software that helps small businesses manage their finances. Xero offers a wide range of features, including invoicing, bank reconciliation, and reporting. Xero also makes it easy to connect with [...]

Read More
 0

How to Use Xero for Canadian Payroll: Integrating the Wagepoint App

By |2022-06-09T03:07:16+00:00June 9th, 2022|Accounting, Payroll, Xero|

Xero is a great online accounting software for businesses of all sizes. It offers a variety of features that can help you manage your business finances effectively. If you are looking for a way to streamline your Canadian payroll process, then you may want to consider integrating the Wagepoint app with Xero. In this blog post, we will tell you how to do just that! What is the Xero accounting app? Xero is a cloud-based accounting software that offers a variety of features to help businesses manage their finances effectively. It is suitable for businesses of all sizes, from small businesses [...]

Read More
Comments Off on How to Use Xero for Canadian Payroll: Integrating the Wagepoint App

Complete Your Sales Tax Returns Using Xero Reports and Never Miss a Deadline Again

By |2022-06-07T15:14:12+00:00May 31st, 2022|Taxes, Uncategorized, Xero|

Do you dread completing your sales tax returns every month? Are you unsure where to find the information you need? If you use Xero, you can save yourself the headache. You can use Xero’s sales tax reports to quickly and easily complete your tax returns. All that’s left after that is making sure you file them before the deadline. With so many compatible integrations, Xero can help with deadlines too. Continue reading to learn how to complete your sales tax returns with Xero reports and get them filed before the deadline.  Which sales tax returns can I complete using Xero reports? [...]

Read More
Comments Off on Complete Your Sales Tax Returns Using Xero Reports and Never Miss a Deadline Again

What Financials are Needed for a Commercial Lease (and how to print them in Xero)

By |2022-05-24T23:07:49+00:00May 24th, 2022|Accounting, Business|

Before signing a commercial lease, you must understand what financials are needed. You should also question whether the landlord has a right to ask for them. The financials needed to run a business are similar to the ones needed to run an individual's home. This means you should have enough income during the year to cover all of your expenses as well as any other monetary obligations that come up throughout the year.  It’s important for you to make sure taking on a lease isn’t going to put a financial burden on your business. Depending on mortgage rates and other specifics, [...]

Read More
Comments Off on What Financials are Needed for a Commercial Lease (and how to print them in Xero)

Identifying Financial Trends in Your Business Using Xero Reports

By |2022-05-18T03:26:12+00:00May 10th, 2022|Accounting, Business, Xero|

. Your business records produce patterns in financial data known as  financial trends. Identifying financial trends in your business using Xero reports can tell you the direction in which your business is going. This is important so you know if you’re on track or if you need to rethink your current strategy.  A business is nothing without its financial reports. They are a representation of the business's health and will help you make important decisions. To properly analyze your business's financial reports, you must know what you are looking for. There are five key metrics to examine on a regular basis. [...]

Read More
Comments Off on Identifying Financial Trends in Your Business Using Xero Reports

What is SRED and How Do I Track It?

By |2022-05-06T18:04:34+00:00April 27th, 2022|Taxes|

Have you ever heard the term SRED and wondered what it was all about? The Canadian government provides tax-reducing incentives to companies conducting qualifying Scientific Research and Experimental Development (SRED) work. It is important to understand the various tax credits available to support SRED work, so that you may take advantage of them. These tax credits are often overlooked. Businesses don’t know they exist or they don’t realize they qualify for them. The Canada Revenue Agency (CRA) has made a number of changes in recent years. One of these changes was to the SRED program. The SRED program allows businesses to [...]

Read More
Comments Off on What is SRED and How Do I Track It?

How to Choose the Best Tech Stack for Your Business

By |2022-06-07T15:14:55+00:00April 17th, 2022|Business, Technology, Uncategorized|

Technology is constantly advancing and changing. The best way to stay ahead of the curve and be on the cutting-edge of what your customers want is to stay up to date with the latest tech trends. However, this is easier said than done. Choosing the best tech stack for your business can be more challenging than it seems.  In this post, we’ll share a few tips for making this process easier. We’ll also explore some of the newest tech trends and give you a few ideas for incorporating them into your business. 1. What is a tech stack? A tech stack [...]

Read More
Comments Off on How to Choose the Best Tech Stack for Your Business

Streamline the Grant Application Process with Xero’s Tracking Categories

By |2022-05-16T14:21:07+00:00April 10th, 2022|Business, Not for profit, Xero|

You have a great idea, and you're ready to take your business to the next level. You've spent hours of your time researching, planning, and building, but you’re in need of funds. Where can you get a grant?  Luckily, there is a solution. In this post we will share a few tips on how to find grants that are right for your organization. We'll also share how to track the money’s use once you receive a grant. 1. Grants for Your Business Grants are one way to obtain funding for your business. They are awarded to qualified organizations and individuals that [...]

Read More
Comments Off on Streamline the Grant Application Process with Xero’s Tracking Categories

What is a Virtual Accountant?

By |2022-04-02T02:04:37+00:00April 2nd, 2022|Accounting, Business, Taxes|

The short answer is, a virtual accountant is the same as any other accountant. Accountants choose to work virtually due to a variety of reasons. Here at Virtual Heights Accounting, we see the value of technology to save time and money, so we’ve been one-hundred percent virtual since day one.  There are many types of accountants. Some work in public practice at an accounting firm. Others work for companies as controllers, CFOs, or any number of aptly named positions. The lingo for this type of accountant is one who works in industry. The main difference between public practice and industry is [...]

Read More
Comments Off on What is a Virtual Accountant?
Toggle Sliding Bar Area
Go to Top