by Peter McCarroll | Mar 30, 2017 | Business, Bookkeeping
Wonderful – welcome to the excitement of owning your own business.If you’re still in the early stages of starting a business here are some things you might want to do early: Incorporate a Company There are several advantages of trading as a Corporation... by Peter McCarroll | Jan 28, 2016 | Xero, Bookkeeping
You need to retain sufficient documentation to substantiate your claim to an expense deduction and GST Input Tax Credit. The requirements are slightly stricter for something that includes GST (Note: GST refers equally to GST, HST and QST – we’ve... 
by Peter McCarroll | Jul 29, 2015 | Bookkeeping
One of the allures of cloud accounting is that it makes keeping your accounting records more accessible. Entering payables, managing receivables and reconciling your bank account are now effortless. It does make you wonder whether you even need an accountant or... 
by Peter McCarroll | May 25, 2015 | Bookkeeping
Running a social media strategy as well as being a business owner will only lead to stress and sleepless nights. But everyone is on social media, right? Even the Pope. You need to strike the balance between informative and annoying. Studies show the optimal postings... 
by Peter McCarroll | Feb 19, 2015 | Xero, Accounting, Bookkeeping
This article is re-posted from the xero.com blog. I’m not a huge fan of the Super Bowl, but I love seeing the ads. They’re always the highlight of the whole event for a lot of people. This year there was a great ad by BMW that showed a clip of two TODAY show... 
by Peter McCarroll | Feb 19, 2015 | Xero, Bookkeeping
It is easy to create a statement for your customers/debtors in Xero, but at present there is no easy way to create a statement to reconcile your suppliers/creditors. Here is a quick way to simulate a supplier/creditor activity report: 1. From the Account Transactions...