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 …
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 »
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 …
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 …
One of the biggest hurdles you’ll face in running your own business is staying on top of your numerous obligations to federal, state, and local tax agencies. Tax codes seem to be in a constant state of flux making the Internal Revenue Code barely understandable to most people. The old legal saying that “ignorance of …
You chose QuickBooks for a variety of reasons, a major one being its simplicity and usability. But the software is more than 20 years old now, and hundreds of features have been added over the years. QuickBooks looks old, tired and in need of a makeover. Not anymore. Intuit has totally redesigned the program’s interface …
Figure 1: Clearly-defined items result in precise reports. Obviously, you’re using QuickBooks because you buy and/or sell products and/or services. You want to know at least weekly — if not daily — what’s selling and what’s not, so you can make informed plans about your company’s future. You get that information from the reports that …