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...
5 Key Ways To Take Charge Of Your Bookkeeping

5 Key Ways To Take Charge Of Your Bookkeeping

Bookkeeping can be an overwhelming task but having a system in place can make it a lot less daunting! Here are five ways to take charge of your bookkeeping: Create a list of important tax-related dates and place it where it’s easily visible. If you have a...
Bookkeeping Tips for Small Businesses

Bookkeeping Tips for Small Businesses

If you own your own business or are considering such a move, keeping accurate records not only benefits you for tax compliance, but it could also benefit your business. Keeping accurate records may: Reduce your accountancy fees make filling in your tax return more...
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...