What Is Bank Reconciliation: Template and Step-By-Step Guide
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xendoo Team
This article was updated on October 19, 2022 with new links, resources, and templates. Bank reconciliation may sound like a daunting task for a business owner, especially those without an accounting background. As a business owner who already has too many tasks and not enough time, you may overlook or put off this important task. […]
How to Set Up Online Payroll for Your Small Business
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xendoo Team
Doing payroll may not be your favorite part of running a business. If you haven’t yet, the first step is to learn how to set up payroll. It can be quite bureaucratic juggling all these forms—whether it’s a W-2, W-9, W-4, or something else—and by the end, you might not even know where to start. Not […]
The Small Business Guide to Revenue vs. Profit
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xendoo Team
When running a small business, you’ll want to track revenue and profit. What is revenue vs. profit? Is one metric more important than the other? While revenue and profit measure your business’s financial performance in different ways, the two metrics are closely intertwined. They are often used to gain a better understanding of your overall […]
Free Small Business Expense Tracking Spreadsheet
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xendoo Team
Small business expense tracking can be tedious, but it’s one that all companies–from “mom and pop” shops to international enterprises–must do. Fortunately, business expense tracking apps make the job easier. An app is ideal if you have a business with many employees, sales, and tax considerations. For some small businesses, however, paying a subscription fee […]
How to Outsource Bookkeeping – A Guide
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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 […]
The Top 5 Benefits of Catch Up Bookkeeping
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xendoo Team
Whether they coach chess players or sell organic puppy food online, every small business owner shares a common driving force: a passion for growing their business. Increasing sales and gaining new customers is one part of the equation. Consistent bookkeeping provides the financial insight needed to strategize for long-term success. With so many obligations resting […]
The Top 8 Expense Trackers for Small Businesses
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xendoo Team
Tracking business expenses is one of the smartest things you can do to take control of your company’s finances. With better organization, you’ll find that your business is more streamlined and profitable, and you’ll be dealing with fewer headaches when tax season rolls around. If you ever find yourself facing an IRS audit, proper tracking […]
Tax Savings for Small Business Owners: Bonus Depreciation and Section 179
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xendoo Team
When making a major purchase for your business, you are expected to spread the tax deduction out over the lifespan of that purchase, which provides small tax savings over the years. But, why wait? Business owners can take advantage of Bonus Depreciation and Section 179 to invest in their businesses, resulting in an enormous tax […]
Business Lessons from a Breast Cancer Survivor: An Interview with xendoo COO, Julia Aquino
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xendoo Team
As we begin Breast Cancer Awareness Month, we spoke with xendoo COO and breast cancer survivor, Julia Aquino. She was diagnosed with breast cancer in 2012. She knew that she needed a deep understanding of the disease in order to make the best decisions for her health, while also running a successful business. Armed […]
Questions to Ask When Looking for a CPA
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xendoo Team
Running your own business can be tough. Between handling staffing issues, overseeing the procurement of essential resources, and planning your next marketing campaign, you might be stretched thin — not to mention all of that dreaded accounting work that you have to do to keep your books up to date! Like many other business owners, […]