How to Invite Your Accountant to Xero

By |2022-07-29T20:49:17+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 |2022-06-07T15:14:12+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? [...]

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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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Virtual Heights Accounting Earns Xero Gold Partner Status

By |2022-03-12T05:10:14+00:00March 12th, 2022|Accounting, Xero|

Virtual Heights Accounting is excited to share that we are officially Gold Partner status with Xero. From day one, Xero has been our go-to accounting app, so we are excited to achieve this milestone and pass along some great benefits to our clients in the process. Xero is the go-to app for real-time accounting. When your books and Records are accurate and up-to-date (in real time), you can make informed and effective decisions now, not six months from now. This offers you the benefits of reaching your business goals faster and the ability to pivot if necessary. What is a Gold [...]

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A Back to School Business Checkup

By |2021-10-24T09:52:59+00:00September 15th, 2021|Accounting, Business, Xero|

Whether you’ve been in business for a while or you’re just starting out, a business checkup is a great way to stop and see where you’re at in relation to your business goals. September will always feel like back to school here at Virtual Heights Accounting. But that’s a good thing. It means it’s time to pause, take stock, and recalibrate if necessary.  A business check up can look like a number of different things. You will likely have a sense of where you have gone off track. Maybe you need to finally file that paperwork you’ve had sitting on your [...]

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Organize Your Business Paperwork with Hubdoc

By |2021-10-24T09:52:59+00:00July 18th, 2021|Business, Technology, Xero|

How often have you said something along the lines of, “If only I was more organized,” when talking about your business paperwork? Most likely this comes as a result of looking for a document for your accountant or trying to find a bill you need to pay before the deadline. When your business paperwork is organized, you don’t have to waste your precious time hunting for documents. Not only that, but if you use Xero and Hubdoc together, your accountant can access your documents without having to bother you. Why Hubdoc for business paperwork? Hubdoc is an app that can help [...]

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