Practice Areas
"To devise an information processing system capable of getting along on its own - it must handle its own problems of programming, bookkeeping, communication and coordination with its users. It must appear to its users as a single, integrated personality." by: Cliff Shaw
Bookkeeping
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.
Services Include:
Record and store transactions, Change the Chart of Accounts to suit the business, Offering a wide range of financial reports, Calculating Sales Tax, Post Manual Journals, Bank Feeds, Bank Reconciliation, Calculate foreign currency gains and losses, allocate credit notes, prepayments and overpayments directly against the invoices, and much more.
Reporting
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Account Transactions
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Aged Payables Detail
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Aged Payables Summary
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Aged Receivables Detail
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Aged Receivables Summary
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Balance Sheet
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Billable Expenses - Outstanding
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Depreciation Schedule
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Disposal Schedule
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Expense Claim Detail
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Income Statement report
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Inventory Item Details
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Inventory Item List
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Inventory Item Summary
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Payable Invoice Detail
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Payable Invoice Summary
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Receivable Invoice Detail
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Receivable Invoice Summary
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Statement of Owners' Equity report
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Statement of Cash Flows
Payroll
Use payroll in Xero to process payroll, pay your employees, and manage your federal and state payroll taxes. This way, all your payroll information updates to your general ledger for easy accounting. You can even let employees view their own paystubs, add timesheets, and request time off.
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Process payroll
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Payroll taxes and filings
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Payroll reports
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Employees
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Payroll setup
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Reconcile payroll bank transactions
Bank Feeds/Reconciling
Bank Feeds
Account transactions from your bank or financial institution sent into your organization electronically. This can be as a direct feed, Yodlee feed or PayPal feed. Bank feeds are updated daily to keep your business and transations on the right path.
Bank Reconciliation
​​A bank reconciliation or bank rec is a report used to check and explain the differences between the cash balance in a company's accounting ledger and the bank statement balance.
A bank reconciliation is also one of the main ways to prevent fraud and embezzlement of company funds. This process is easier to do with Xero. Most package plans offer daily reconciliation of the bank transactions.
Budgeting
Quickly prepare a comprehensive budget and compare performance against actual or selected periods. Close off your accounts at the end of reporting periods such as tax time and the financial year-end.
​​Create budgets that can be compared with actual income and expenditure throughout the year. Import a new budget or one you've updated, or export a budget.
Budget Manager allows entering your budget information and the new Budget Variance report allows performing regular variance reporting against the actuals.
Fixed Assets
Fixed assets, also known as tangible assets or property, plant, and equipment (PP&E), is a term used in accounting for assets and property that cannot easily be converted into cash. This can be compared with current assets such as cash or bank accounts, which are described as liquid assets.
Cash Management
The corporate process of collecting, managingand (short-term) investing cash. A key component of ensuring a company's financial stability and solvency. Frequently corporate treasurers or a business manager is responsible for overall cash management.
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Process checks or cash before being banked
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Record petty cash
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Process dishonored and reversed payments
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Manage funds in and out of the business
Invoices/Bills
Invoicing
Easy online invoicing. Create & send invoices automatically, get updated when your invoices are opened & get paid faster online. make your sales and invoicing process easy to manage. Even invoicing your clients and getting paid is a fast and seamless.
Bills​​
Easily enter expense claims and invoices with services and applications that do the time consuming data entry work for you.
