Bookkeeper or Accountant: Which One Do You Need?
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xendoo Team
What’s the difference between bookkeeping and accounting? For most people, they mean the same thing — the experts responsible for a company’s finances. Traditionally, though, bookkeepers and accountants have different duties and skills. Let’s take a look at those differences. Bookkeeper Bookkeepers handle the day-to-day recording and implementation of financial transactions. Depending on your type […]
Do a Balance Sheet Health Check for Fast Answers
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xendoo Team
If someone asked you, “How’s Business?” — what would you say? You’d be surprised how many small business owners don’t know. Or they think they know, but are forgetting some costs or not recognizing early warning signs. What’s on the Balance Sheet? Basically, you’ll see three lists: assets, liabilities, and equity. The total assets will […]
6 Ways Profit & Loss Statements Help Small Businesses Succeed
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xendoo Team
The most obvious benefit of your monthly P&L statement is that it shows whether you made more money than you spent — in other words, your net income (or loss). But that’s just the beginning. Here are 6 more ways to use that accounting report to keep your business on track for success. 1. Check […]
A/B Testing: What It Is, Why It Matters, and How to Nail It
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xendoo Team
A/B Testing: What It Is, Why It Matters, and How to Nail It When you’re running a business, every decision counts. Whether it’s choosing a website design, crafting a catchy headline, or deciding on a marketing strategy, you want to be sure you’re making the right call. That’s where A/B testing comes in. It’s a […]