8 Benefits of Online Bookkeeping
- Published
- Author
-
Luanne Bryant
You’ve put your heart and soul into your business. So why does it feel like you’re spinning your wheels, trying to keep up with your core business and your administrative overhead at the same time? When you first started your company, it might have made sense to try to handle your own bookkeeping and accounting […]
5 Reasons You Shouldn’t Wait to Catch Up on Bookkeeping
- Published
- Author
-
xendoo Team
Running a business is, without a doubt, a challenging task that requires a lot of commitment, effort, and attention to detail. Did you know 82% of small businesses fail due to cash flow management? Besides managing all aspects of the business, taking care of your books is crucial to achieving financial success while being tax […]
Types Of Small Business Financing You Need To Know About
- Published
- Author
-
xendoo Team
Small business financing is vital as it can make or break your business. When first starting, there are many factors that you need to consider, such as your business plan and your financing options. When creating your business plan, it should outline your goals and objectives to have a clear idea of how to implement […]
Year-End Bookkeeping and Accounting Checklist for Small Business Owners
- Published
- Author
-
xendoo Team
The end of the year is a hectic time for small business owners. Between catching your breath after tax season and managing holiday sales, year-end bookkeeping and accounting tasks understandably fall to the bottom of the to-do list. xendoo is here to help you avoid the year-end scramble. Check out our year-end bookkeeping checklist to […]
What Accounts Are Debit and Credit?
- Published
- Author
-
xendoo Team
Most business owners understand that they need to keep track of their income and expenses but many get tripped up when figuring out what accounts are debits and credits. By getting a firm grasp on the concept of debits and credits, you’ll have a leg up when it comes to completing your accounting accurately. Debits […]
Small Business Owner’s Equity Guide
- Published
- Author
-
xendoo Team
If you’re a small business owner, you know that keeping track of all the moving parts can be challenging. Most small business owners keep track of their profit and loss statement, but the owner’s equity is equally important (and often overlooked). In this guide, we will explain what owner’s equity is and how to calculate […]
How Much Does a Bookkeeper Cost?
- Published
- Author
-
xendoo Team
Running a small business is a big job and you may not have the time or experience to manage your own books. If you’re considering hiring an online bookkeeping service, one of the first things you’ll want to know is how much does a bookkeeper cost? Below is an overview of small business bookkeeping and […]
A Guide to the Chart of Accounts With Examples
- Published
- Author
-
xendoo Team
Every business should have a chart of accounts. If you’re wondering what exactly that is, we have you covered. We’ll explain everything you need to know and include an example chart of accounts below. Note, if you use xendoo for your accounting, we can set up and maintain your chart of accounts for you. What […]
How to Outsource Bookkeeping – A Guide
- Published
- Author
-
xendoo Team
Since starting your business, you’ve likely filled multiple roles–from product and customer service to bookkeeping and sales–at some point. However, as your business has grown, you may have felt like you don’t want to spend your time doing some of those tasks. For instance, you’ve probably asked yourself: Should I outsource bookkeeping? Whether or not […]
Steps to Clean Up Accounting Records: A Checklist
- Published
- Author
-
xendoo Team
Taking steps to clean up accounting records can be a big undertaking for small business owners. Hopefully, you started your business on the right foot financially. You may diligently record your accounting transactions or have hired someone to take care of accounting for you. If that is not the case, you will need to […]