All Xero Features
You can now see who made adjustments, when they were made, and what changes were made. This helps…
Bookkeeping
Ultimate Guide to Understanding and Managing Petty Cash
The person responsible for recording these transactions is called a petty cash cashier. Petty cash…
What is a Tax Write-Off? Explained Simply for Business Owners
On the financial statement, writing off inventory means debiting an expense account for the value…
Understanding The Accounting Equation in Accounting
To ensure privacy, avoid sharing your account details and use secure banking channels. Maintaining…
Income Summary Meaning in Accounting Helpful Overview
At the end of a period, all the income and expense accounts transfer their balances to the income…
What are opening balances?
Anyone entering the world of business accounting for the first time will find a whole range of…
What’s the Average Profit for Food Trucks? How Much Do Food Trucks Make and Are They Profitable?
The average profit margin for food trucks tends to hover around the 7% to 10% range, much lower…