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Highlights from Xero’s 2023 hackathon

Xero

Hackathon by the numbers The numbers speak volumes about the scale and enthusiasm surrounding the event. We were blown away by the creativity and ingenuity of teams as they designed and built small but powerful features that unlocked more value for customers and partners, and helped them address a real-world challenge.

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Where to start on your Xero education journey

Xero

You can also find guides on Getting your invoices paid faster , Staying on top of your cash flow , Reconcile bank accounts easily in Xero and Creating professional invoices with ease , with more topics to come. . You may like to learn about core bookkeeping jobs, from data entry to bank reconciliation, reporting and tax preparation.

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Close your books with confidence: Introducing reconcile period in Xero

Xero

Coming off the year of the US bank feed , Im excited to share that we’re releasing the eagerly anticipated reconcile period feature in bank reconciliation. This new workflow doesn’t change Xero’s real-time bank rec workflow; it’s an optional addition that can help ensure your accounting is correct.

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Xero Now Does Bank Reconciliations!

Cloud Accounting Podcast

Blake and David leap into the latest updates from Xerocon, including new features like traditional bank reconciliations, embedded bill pay with Bill.com, and AI capabilities through JAX (Just Ask Xero). They look at Xero's strategy to double its US market share and how it compares to Intuit's mid-market growth focus.

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The accounting cycle definition

Accounting Tools

Step 1: Identify Transactions Identify the event that is causing an accounting transaction. Steps of the Accounting Cycle The following discussion breaks the accounting cycle into the treatment of individual transactions, and then closing the books at the end of the reporting period.

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Compound journal entry definition

Accounting Tools

Examples of aggregation that may involve compound journal entries are: Depreciation for multiple classes of fixed assets Accruals for multiple supplier deliveries at month-end for which no invoices have yet been received Accruals for the unpaid wages of multiple employees at month-end Single Accounting Event All of the debits and credits relate to (..)

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Bookkeeping Basics: An Overview of Essential Accounting Principles for Small Business Owners

Billah and Associates

Materiality : The Materiality refers to the significance of an item or event in financial statements. Automation : Bookkeeping software automates repetitive tasks, such as data entry and bank reconciliations. Consistency : GAAP requires businesses to use consistent accounting methods and principles over time.