by Peter McCarroll | Mar 29, 2021 | Bookkeeping, Human Resources
Still Doing Your Own Payroll? Here’s 3 Reasons Why You Should Stop At face value, it seems like a great idea. If you’re a small business owner with just a few employees, you probably think that hiring a payroll specialist is an expense that you can avoid. You feel... 
by Peter McCarroll | Feb 22, 2021 | Bookkeeping, Xero
If you’ve just started working with Xero, it is normal to make a few mistakes while you’re learning. We see mistakes that are quite common – and unfortunately costly – so you should be aware of them if you want to get the most out of Xero’s powerful... by Peter McCarroll | Mar 30, 2020 | Bookkeeping
According to Wikipedia, bookkeeping is “the recording of financial transactions, and is part of the process of accounting in business. Transactions include purchases, sales, receipts, and payments by an individual person or an organization/corporation. “Simply put,... by Peter McCarroll | Jan 3, 2020 | Bookkeeping, Xero
We have lots of clients who do their own bookkeeping in Xero. Here are our Best Practices for managing your own bookkeeping: Keep your personal transactions out of the business bank account. If you need to spend on something personal transfer funds to your personal... 
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...