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Productivity Strategies for Small Business Owners in 2023

By |2023-01-27T03:20:41+00:00January 27th, 2023|Business, Technology, Xero|

Small business owners need to develop productivity strategies in order to stay competitive. As technology rapidly advances, so do the expectations of small business owners. In the age of digital transformation, it’s more important than ever to stay competitive and increase productivity. But how can small business owners do that in 2023 and beyond? Here are some productivity strategies to help you make the most of your time and resources.  1. Automate Tasks Where Possible  One way to free up your time is by automating certain tasks. You can use automated solutions or third-party services to streamline processes like billing, customer [...]

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Understanding the Difference Between Spend Money and Bills in Xero

By |2022-11-30T23:14:57+00:00November 30th, 2022|Accounting, Xero|

As a small business owner, it’s important to keep track of your expenses and pay all your bills on time. One of the most popular accounting apps for small businesses is Xero. This app offers two features—Spend Money and Bills—to help you manage your finances. But what is the difference between these two features? Let’s break them down so you can make sure you are using them correctly.  Spend Money  The Spend Money feature allows you to enter individual transactions into your Xero account. This feature lets you quickly enter expenses that do not need a bill or invoice. For example, [...]

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How to Stay Organized While Running a Small Business

By |2022-10-21T03:34:16+00:00October 21st, 2022|Business, Xero|

If you're like most entrepreneurs, you wear a lot of hats while running your small business. From managing employees to keeping up with inventory to dealing with customers, it's easy to let things slip through the cracks. One of the most important things for any business owner is to keep detailed records of income and expenses. Fortunately, there are plenty of accounting apps out there that can make your life a lot easier. In this blog post, we'll give you some tips for staying organized while running a small business, as well as how the Xero accounting app can help. Set [...]

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How to Invite Your Accountant to Xero

By |2022-08-16T15:29:14+00:00July 29th, 2022|Technology, Xero|

The Xero accounting app makes it super easy to invite your accountant to access your books and records. With the invite a user feature, in just a few clicks, your accountant will have access to your books. Here’s how to invite your accountant to Xero in five simple steps. From the dashboard, click on your business name and go to “Settings.”  Then select “Users.”  In the top right, you should see a green button that says “Invite a User.” Click on this. Now enter your accountant’s name and email then check the box that says, “Business and accountant.” We also recommend [...]

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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 [...]

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How to Create and Customize a Chart of Accounts in Xero

By |2022-07-11T13:49:41+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 [...]

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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 [...]

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

By |2022-08-16T15:45:05+00:00May 31st, 2022|Taxes, 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? [...]

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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. [...]

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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 [...]

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