by tim | Dec 12, 2023 | Bookkeeping
Your business will need the help of a qualified auditor to assess your needs and situation and perform the full processes of an audit. Many business owners who are not legally required to have an audit, but would still like an analysis of their financial records,...
by tim | Jul 19, 2023 | Bookkeeping
To illustrate double-entry accounting, imagine a business sends an invoice to one of its clients. An accountant using the double-entry method records a debit to accounts receivables, which flows through to the balance sheet, and a credit to sales revenue, which flows...
by tim | Jul 5, 2023 | Bookkeeping
Just have the application keys/certificate uploaded on the client account. I was looking at the partner Program and I only saw mention of a Public Applications and I have written a Private Application. Becoming a Xero Partner is a great way to grow your virtual...
by tim | Apr 12, 2023 | Bookkeeping
These brief reports deliver a rapid outline of the business’s financial position with appropriate detail and usually for internal procedures. To illustrate, suppose your organization acquires a 30-p.c possession interest in a business for $100,000 cash. If you obtain...
by tim | Jan 24, 2023 | Bookkeeping
Debit notes occur in the accounting process when businesses interact with one another. Business to business, or B2B, dealings often happen in business. When one business interacts with another and creates a legitimate debit entry, debit notes get created as a form of...
by tim | Dec 26, 2022 | Bookkeeping
Single-entry bookkeeping is a simple and straightforward method of bookkeeping in which each transaction is recorded as a single-entry in a journal. This is a cash-based bookkeeping method that tracks incoming and outgoing cash in a journal. In order to choose single...
