Whenever I mention payroll to business owners I see the telltale signs of them “checking out” mentally, and it’s not surprising! With terms like FICA, Workers Comp, Unemployment and ObamaCare, it’s no wonder small businesses are confused and sometimes just downright disgusted by it. In fact, we often tell clients that if they get one …
If you’ve been in business for any amount of time, you’ve probably heard something about keeping your receipts. And we’ve heard some good myths about when and when you don’t have to keep them. We’re here to set the record straight and tell you exactly when you need to keep receipts. First, let me explain …
“My bank says I have $5000, but my Profit and Loss says I made $10,000… huh?!” Ever asked this question? With this post, let’s dive into one of the most mis-understood and under-used reports that you have in your accounting software arsenal: Statement of Cash Flows (aka Cash Flow Statement). This statement will answer the …
Here at iAccounting Solutions, Xero is our first choice in helping small businesses keep better track of of their finances. That’s why when Xero announced the Business Performance Dashboard, we were pretty excited. What Is It? In short, the Performance Dashboard is a simple way to check the health of your business. By using simple …
Xero’s Business Performance Dashboard And How To Use It Read More »
If you run a small business, then chances are you maybe required to file 1099’s. These are probably one of the most misunderstood forms business owners file. Here’s the scoop: What are they for? Form 1099 is used to report money paid to individuals who are not your employees. The IRS …
Welcome back to our “Making the Switch from QuickBooks to Xero” series. In this post, we’ll talk about what Step 2. In case you missed it, click on Step 1 to start from the beginning. So now that you’ve cleaned up your lists, now it’s time to look at a few financial reports and make …
QuickBooks giving you a headache? Or maybe you’d rather listen to nails on a chalkboard rather than do your accounting. Either way, switching to Xero Accounting will set you on your journey to an easy, and even enjoyable way to get your accounting done. Even if you are paying an accountant to do this for …
The latest software and most secure technologies are at our fingertips. We invest in the training and products that will make your accounting experience easy, accurate, and professional: Xero, Quickbooks, FreshBooks, SmartVault, Bill.com, and if there’s anything else you’re used to using that makes your accounting experience easier, just ask. We love to help things …
Part of the reason for QuickBooks’ success is its exceptional flexibility. By allowing users to turn features and preferences on and off, the same software can be used by a wide variety of business types and sizes. In some cases, the default settings that QuickBooks supplies will work fine for your company. This is not …
More than 52 percent of businesses today are home-based. Every day, people are striking out and achieving economic and creative independence by turning their skills into dollars. Garages, basements and attics are being transformed into the corporate headquarters of the newest entrepreneurs – home-based businesspeople. And, with technological advances in smartphones, tablets, and iPads as …