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Small businesses, accountants and bookkeepers locally and across the world trust Xero with their numbers. Explore Xero accounting software and its tools for small businesses, accountants, and bookkeepers. Sync Xero with software you already love or easily find and try...

5 Tips for Effective Small-Business Bookkeeping

Some companies decide to combine operating (OPEX) and SG&A expenses, while some separate them (they can be combined on an income statement). Sometimes, a business will do this research and work as part of an initial business plan. Other times, they learn about...

chart of accounts definition and meaning

A COA is a list of the account names a company uses to label transactions and keep tabs on its finances. You use a COA to organize transactions into groups, which in turn helps you track money coming in and out of the company. Revenue accounts capture and record the...

Accounting Equation Assets, Liabilities, Owners Equity

The difference in these two values (the original cost and the ending value) will be allocated over a relevant period of time. As an example, assume a business purchased equipment for $18,000 and the equipment will be worth $2,000 after four years, giving an estimated...

How do I file a 2022, 2021, or 2020 tax return?

None of that help was thanks to TurboTax which sends you to FAQs that don’t really apply.They have online discussions which appear to have many people with the same problem. This program is made to look easy- and it is at first- but the headache it causes later is not...