When you join and become Xero-certified, you get a Xero subscription for your practice, plus access to Xero HQ for managing clients. Join over 250,000 accountants and bookkeepers using Xero in their practice....

The same can be said of many other plant and machine operators, as well as trades workers and labourers. Meanwhile, the most gender-balanced occupations are often seen among sales workers and business and ad...

The automatic, or perpetual, updating of the inventory is what gives the system its name and differentiates it from the periodic approach. The following cost of goods sold, inventory, and gross margin were de...

Desktop Premier and Enterprise, meanwhile, allow up to five and 30 users, respectively. Before we dive into the details of each QuickBooks plan and its value, here’s a look at the latest accounting software d...

Under the hood, QBO Desktop offers some options that you won’t find readily available in a browser, such as the ability to work in multiple windows. In many places online, you’ll find references to a QBO Wind...

By inputting different scenarios and adjusting the variables, such as total revenue, gross margin, and fixed cost, businesses can determine if their targets are realistic and attainable. This helps prevent ov...

This is a crucial consideration for businesses that prioritize cash flow management. Improved cash flow can provide more flexibility for capital expenditures, debt repayment, and other strategic initiatives. ...

The information in the sales journal was taken from a copy of the sales invoice, which is the source document representing the sale. The sales invoice number is entered so the bookkeeper could look up the sal...

Most businesses must submit their last month's payroll deductions to the Canada Revenue Agency (CRA) by the 15th of the current month. Check with the CRA or your accountant to see what's right for your b...

For example, Bookkeeping support costs $149 per month, which can be a lot for small businesses. Wave invoicing offers customizable invoices and allows you to add your branding to invoices. If that’s not somet...