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New changes to Xero’s plans in Australia from July

Xero

Introducing Xero’s partner plans for accountants and bookkeepers We’re also simplifying partner plans from four down to two (Xero Ledger and Non-GST Xero Cashbook will remain unchanged). These partner plans are only available to be purchased by accountants and bookkeepers.

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Accrual Accounting vs Cash Accounting: What Is the Difference Between Accrual and Cash Accounting?

Snyder

As a small business owner, making sense of the accounting basics and bookkeeping terminology might be giving you a little bit of a headache. At the same time, being able to successfully maneuver the world of accounting is crucial to the success of your business. What is cash-basis accounting?

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Basic Accounting for a Small Business: Bookkeeping and Accounting Basics

Snyder

So let’s take a look at how to do basic business accounting, understand what your books tell you, and how to manage them efficiently with helpful software. Small business accounting basics. Small business owners need to get a working grasp of basic bookkeeping and accounting. Let’s recap.

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Accounting Basics for Small Business: A Simple Guide

Snyder

Let’s start with defining what small business accounting is. In general, business accounting is the process of organizing and analyzing a company’s financial information to plan and advise on taxes, file tax returns, make forecasts, and help with data-driven financial decision making.

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What Type of Accountant Does Your eCommerce Business Need?

xendoo

Cash Basis Accounting. Cash basis accounting is the simpler of the two methods. In this method, you add an accounting entry every time money enters or leaves your bank account. Basically, you’ll be keeping a record of all your transactions, and this record will largely mirror your sales records and bank accounts.

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