5 Key Ways To Take Charge Of Your Bookkeeping

5 Key Ways To Take Charge Of Your Bookkeeping

We originally published this post on the ‘5 Key Ways To Take Charge Of Your Bookkeeping‘ on 12 September 2016 and updated it on 4 July 2024 for freshness, accuracy, and comprehensiveness. Imagine this: you’re at a pivotal point in your business’s journey....
EU Standards to Affect Xero Banking

EU Standards to Affect Xero Banking

From 24th September 2019, new EU Standards will change the way that some banks connect to Xero. To comply with the new requirements, many of Xero’s bank feeds will be replaced with new direct feeds using Open Banking. Open Banking was designed to encourage competition...
What is an invoice and what should it include?

What is an invoice and what should it include?

If you sell goods or services to customers, it’s likely that you’ll also have to invoice those customers for the work you’ve done. But what information are you actually required to include on your invoices? You must clearly display the word ‘invoice’ A unique...
Balancing the Books:  Bank vs. Cashbook

Balancing the Books: Bank vs. Cashbook

You will often find that, at any given date, the bank balance according to your cashbook is different to the balance on your bank statement. This is primarily due to the time delay between entering the transaction in the cashbook and the time taken to clear the bank...
Moving With The Times

Moving With The Times

The earliest known existence of the classic ‘double entry’ bookkeeping system can be dated back to 1211 in Florence, Italy. First published in Luca Paciolo’s book “Summa” in 1495, it is a system that has been used, and will, indeed, be...