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EzzyBills was co-founded by Michael and Li Fitzmaurice in 2014 in Australia, after Michael had been creating tools supporting older, legacy accounting software to keep inventory and sales information up-to-date. All our invoices are now stored in Xero, it really couldn’t be easier. Out with the old, in with the new. With a solid 4.9
Say your landscaping business completes the tree trimming of a housing development and sends the client an invoice for $4,000. When: In May 2014, the FASB and IASB jointly issued Accounting Standards Update (ASU) 2014-09, which introduced ASC 606. To illustrate, let’s look at a couple of examples.
Take all of your accounting functions into the cloud, not just your generalledger. For example, a bill includes all kinds of information such as the invoice date, due date, payment terms, nature of expense, supplier name, supplier address and more.
Invoices must be manually created, printed, and mailed; then you wait for the customer to open the envelope, enter the invoice into his or her own system, process the invoice, print a check, and mail it to your company; then your staff has to open the envelope, deposit the check, and match the payment to the outstanding invoice.
This means that e-commerce sellers are dealing with massive amounts of transactions that need to appear in the generalledger correctly so that you can easily reconcile these transactions with a bank statement. Scott's Add-Ins will link generalledger data in Xero to Excel. Makes sense, right? What do we get?
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