Less Accounting

NOVEMBER 18, 2024

As tax season approaches, many small business owners find themselves scrambling to organize their financial records and ensure they comply with the intricate web of tax regulations. Why Accurate Bookkeeping Matters Compliance with Tax Laws One of the primary reasons accurate bookkeeping is essential is compliance with tax laws.

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Bookkeeping Tax Financial Records Reconciling 59

Xero

MAY 24, 2023

So it’s no surprise that many entrepreneurs lean heavily on a trusted advisor for support, particularly around busy times like EOFY when tax, compliance, payroll and other business obligations come into play. This means you can reconcile multiple records faster while minimising errors in manual data entry. EOFY 2023).

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XERO Bank Reconciliation Data Entry Reconciling 278

Xero

APRIL 13, 2023

Balance Sheet, Profit and Loss (Income Statement) and Budget Variance reports: We’ve added the ability to translate these reports into any currency enabled in your organisation, for a quick view of your financials in the currency of your choice Receivable and Payable Invoice Summary and Detail reports, and drilldowns from Income by Contact and Expenses (..)

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XERO General Ledger Bank Reconciliation Budgeting 347

Xero

MAY 13, 2024

In Xero Payroll, all active and terminated employees (who will be included in the STP finalisation for the financial year) will need an employment type, income type, and tax scale defined in their records. Use the Account Transactions report to identify any transactions that may have been incorrectly reconciled against your Expense Accounts.

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XERO Payroll General Ledger Reconciling 261

Xero

DECEMBER 17, 2023

Customise your Xero experience Invoice emails: Our new text editor tool enhances the emails you send with your invoices, with bold, italics and underlining options (exclusive to new invoicing) Add or edit contacts: We’ve changed the add/edit page in contacts to be a single form with tabs that act as quick links, to help you manage your contacts more (..)

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XERO Bank Reconciliation Tax Invoicing 255

Xero

AUGUST 21, 2023

The limited preview of US auto sales tax Xero’s sales tax capabilities, powered by Avalara, will help you stay on top of what is a cumbersome sales tax process. Here are a few of the highlights. At the event, we shared a first look of what the new experience will look like.

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XERO Invoicing Reconciling Bookkeeping 246

Xero

MAY 16, 2023

These requirements involve changes to details in the Employment and Taxes tabs. In Xero Payroll, all active and terminated employees (who will be included in the STP finalisation for the financial year) will need an employment type, income type and tax scale defined in their records.

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XERO Payroll General Ledger Reconciling 55

Xero

MAY 17, 2022

Tax time will look a little different this year compared to last, with the conclusion of the JobMaker and JobKeeper schemes and business slowly returning to normal. Reconcile your accounts, comparing the Payroll Activity Summary report and the General Ledger. Process any pay runs for the 2021/22 financial year.

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Payroll General Ledger XERO Reconciling 246

Xero

NOVEMBER 30, 2022

Map different tax rates in Shopify — Global. We’ve updated the Shopify integration by Xero with improved sales tax functionality for businesses in Australia, NZ and the UK. This will help you manage your tax obligations, while streamlining the process of reconciling Shopify sales with payouts.

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XERO Payroll Bank Reconciliation Invoicing 246

CapActix

DECEMBER 19, 2024

However, it is not as easy and businesses grapple with accurate tax filling. The major factors that increase complexities include the constantly changing tax laws, financial obligations, and tight deadlines. Undoubtedly, it is essential to ensure that taxes are filed correctly and on time for smooth business operations.

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Tax Financial Records Auditing Reconciling 52

Xero

MARCH 1, 2023

Parolla has now created exclusive Xero Plugins to enable preparation of VAT3 reports, as well as generating Single Euro Payments Area (SEPA) compliant payment files to pay suppliers by batch payment and reconcile multiple payments in one go, matching them to a single statement line.

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XERO Bookkeeping Reconciling CPA 278

Intuit

AUGUST 30, 2024

Account management: They manage accounts payable and receivable, process invoices, reconcile accounts, and ensure timely payments and collections. Payroll processing: Bookkeepers may handle payroll functions, calculating salaries, deductions, and taxes. Looking for an accounting or bookkeeping job?

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Bookkeeping Financial Statements Accounting Accounting 246

CapActix

DECEMBER 19, 2024

However, it is not as easy and businesses grapple with accurate tax filling. The major factors that increase complexities include the constantly changing tax laws, financial obligations, and tight deadlines. Undoubtedly, it is essential to ensure that taxes are filed correctly and on time for smooth business operations.

Tax 52

Tax Financial Records Auditing Reconciling 52

Xero

AUGUST 7, 2024

Avalara Avalara helps businesses of all sizes get tax compliance right, no matter where in the world they run their business. Dext Dext provides bookkeeping automation tools that help small businesses and their advisors collect, organize and record financial transactions.

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XERO Collections Billing Accounts Payable 226

Xero

JUNE 1, 2022

Matthew May – Founder, VP Sales and Marketing, Acuity CFO Online Bookkeeping Accounting and Business Tax. Michael Ly – CEO, Reconciled. Mary Katherine Holton – Accounting Specialist, Himmelwright, Huguley and Boles. Michael Levy – CEO, Bean Counter 4 Hire, LLC. Kristy Monahan – Technology Guru, High Rock Accounting.

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XERO Bookkeeping Reconciling CPA 246

accountingfly

MARCH 27, 2025

Top Remote Audit, Tax, and Accounting Candidates This Week Are you in need of remote accountants? Our ‘ Always-On Recruiting ‘ program allows you to connect with highly skilled and experienced remote audit, tax, and accounting candidates without any upfront costs. Accountingfly can assist you!

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Auditing 1099 Preparation Tax Accounting 52

Intuit

SEPTEMBER 9, 2024

Reconciled bank statements monthly, maintaining accurate financial records. Prepared and submitted payroll taxes accurately and on time. Reconciled bank statements and cash accounts, maintaining accurate financial records. Processed accounts payable and receivable, ensuring timely payments and collections.

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Bookkeeping Bank Reconciliation QuickBooks Certified Bookkeeper 246

Xero

JUNE 18, 2023

We’ve made some great progress towards creating a single source of truth for your client data across Xero Practice Manager (XPM), Xero HQ and Xero Tax. That’s why we’re building a tool to help you reconcile your existing data into one single client record.

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XERO Reconciling Bookkeeping Billing 246

Xero

NOVEMBER 14, 2022

That’s why we’re working hard to create a single source of truth for your client data across Xero Practice Manager (XPM), Xero HQ and Xero Tax. Right now, we’re updating our technology to make sure our practice tools all align ‘under the hood’ so data can seamlessly flow between XPM, Xero HQ and Xero Tax in the future.

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XERO Reconciling Bookkeeping Tax 246

Xero

NOVEMBER 2, 2022

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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XERO Bank Reconciliation Data Entry Reconciling 264

Xero

OCTOBER 9, 2023

*Please note that while the process remains the same, all references to Xero Tax are applicable to Australia and New Zealand only. One of the most important ways we’re helping you save time and grow your practice is by moving towards a future where Xero Practice Manager (XPM), Xero HQ and Xero Tax will be seamlessly connected.

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XERO Tax Reconciling Accounting 264

Intuit

SEPTEMBER 19, 2024

Amy Hancock, Director of Hancock & Hastings Limited in Dunstable and Bedfordshire, touches on the need for incentivising innovation: ‘ Expanding tax incentives for companies that invest in AI research and development will hopefully increase innovation. Previously, a big part of accounting work involved manually reconciling data.

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Accounting Accounting QuickBooks Tax 244

Counto

FEBRUARY 22, 2025

Keeping track of these ensures: Accurate cash flow forecasting Identification of delayed or missing payments Better financial planning and tax compliance 5. Regularly Reconcile Transactions Reconciling sales data with bank statements and payment processors prevents discrepancies.

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Reconciling Accounting Accounting Data Entry 52

Reconciled Solutions

JULY 18, 2024

Learn more about the Augusta Rule, a legal way to increase tax deductible business expenses and personal income without paying more in taxes. The post The Augusta Rule: What is it and how can it help me improve my tax-saving strategies? appeared first on Reconciled Solutions.

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Reconciling Tax 80

Counto

DECEMBER 7, 2024

Only Checking Financial Statements Annually Why This Happens: Many SMEs in Singapore only review financial statements once a year, often because they feel its only necessary during tax season or after a year has passed. Example: John, a bakery owner in Singapore, only looks at his financials when his accountant sends them for tax season.

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Financial Statements Reconciling Accounts Payable Accounts Payable 52

Xero

JULY 28, 2022

Preparing the UK for ‘Making Tax Digital’ in 2024. The UK Government’s Making Tax Digital (MTD) for ITSA will impact up to 4.2 So, we thought we would switch it up for July’s App Partner of the Month by showcasing some of the Xero app partner success stories that exhibited at Xerocon London (21-22 July). .

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XERO Bookkeeping Reconciling Collections 264

Compleatable

NOVEMBER 15, 2024

Traditionally, this process has been manual and error-prone, with finance teams often spending hours reconciling mismatched data, handling variations in item descriptions, and manually checking additional charges like tax or freight.

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Accounts Payable Accounts Payable AP Accounting 100

Counto

MARCH 24, 2025

Filing your ECI accurately and on time is a key compliance requirement set by IRAS and getting it wrong can lead to unnecessary penalties or tax issues. Why ECI Filing Matters Filing ECI allows IRAS to assess your corporate tax early and may result in early instalment plans for tax payments.

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Corporation Tax Accounting Accounting Reconciling 52

Xero

SEPTEMBER 8, 2022

She continues, “I love the Making Tax Digital (MTD) for VAT feature – it makes VAT returns less of a headache and I don’t dread it each month. I love that it picks up a transaction on the day it was reconciled or entered without the need to journal it into the current quarter.

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Bookkeeping XERO Reconciling Budgeting 246

AvidXchange

DECEMBER 20, 2024

Tax season is a busy time for finance departments. According to H&R Block , a 1099 is a tax form used in the United States to report various types of income that are not wages, salaries, or tips. It is commonly issued to independent contractors, freelancers, or supplier s who have been paid $600 or more during the tax year.

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AP Data Entry Accounts Payable Accounts Payable 52

Gaviti

NOVEMBER 18, 2024

Payments are reconciled automatically, your ERP is updated with the new payment data, and the customer receives payment confirmation within a few minutes. Although there are tax benefits of writing off bad debt, it still negatively impacts the company’s bottom line. Invoices can be paid 24/7 through a self-service payment portal.

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Microsoft Excel Account Receivables Accounts Receivable Accounts Receivable 98

Nanonets

JUNE 27, 2024

Why is it Important to Reconcile your Bank Account? Reconciling the bank statement involves comparing the company's internal financial records or ledger to the bank statement received via the bank. How Often Should You Reconcile Your Bank Statements? They can benefit by reconciling their bank statements monthly.

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Reconciling Bank Reconciliation Deposits Accounting 40

Counto

DECEMBER 16, 2024

Efficient Meeting Preparation for Financial Discussions Meetings focused on financial performance, tax filings, or compliance updates are essential for any SME. Generates a list of questions or topics related to financial matters such as tax filings or cash flow. What should I focus on first based on deadlines and importance?

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Financial Reporting Financial Statements Bookkeeping Tax 52

Less Accounting

SEPTEMBER 3, 2024

Tax season can be a daunting time for small business owners. From gathering receipts to navigating complex tax codes, the process can feel overwhelming. However, with the right strategies in place, tax preparation can become a smooth and manageable task. Get Caught Up Overwhelming by bookkeeping backlog? We can help!

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Tax Financial Records Reconciling Bookkeeping 59

Xero

SEPTEMBER 1, 2022

Reconcile Borderless Card expenses with Xero Expense Data. It then works with Xero to push that information into sales control accounts, covering tax rates, cut offs and global requirements. Collect payments faster with Xero Invoice Payments. Dext Commerce gathers and organises sales data from digital commerce platforms.

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XERO Invoicing Bookkeeping Collections 52

Counto

MARCH 23, 2025

Bookkeeping Typically charged monthly or quarterly, bookkeeping services involve recording daily transactions, reconciling bank statements, and maintaining ledgers. Per-Service Pricing For businesses with specific needs, such as annual tax filing or occasional payroll support, providers may charge per task.

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Bookkeeping Accounting Accounting Payroll 52

CapActix

MARCH 12, 2025

Navigating transactions across different platforms, staying abreast of constantly changing sales tax codes, and properly monitoring expenses can quickly become daunting. The intricate nature of sales tax legislation makes accounting services for ecommerce businesses a necessity in maintaining compliance.

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Accounting Accounting Bookkeeping Services Bookkeeping 52