Choose from the self-paced course, webinars or fast-track assessment. Be one of the one hundred thousand Xero Certified Advisors across the globe who are world-leaders in promoting technological advances to the accounting profession by being a Xero Certified Advisor yourself. The expiration date is exactly one year from the day you earned your certification. Your Xero certification is valid what…

The most common of these temporary mechanisms is known as the suspense account. For efficiency purposes, it is also helpful to track and analyze the entries over time to minimize the reoccurrence of any transactions that cause frequent unnecessary postings into the suspense account. Even if there is no timeline set by regulatory authorities for the clear-out process, businesses routinely…

The tenant is granted access to the premises 60 days prior to the graduation date to install equipment and furnishings (the “early access period”). Such access is topic to all of the phrases and situations of this lease, besides that the commencement date and the cost of rent shall not be triggered thereby. The first step is to calculate the…

Accounts receivable alone does not provide a full picture of a company’s financial health. Accounts receivable only tracks money owed, not actual cash in hand. This reflects the reality that not all sales will result in cash receipts. Managing AR effectively is essential to ensure a business’s financial health. We partner with businesses that help other small businesses scale—see who’s…

With QuickBooks’ pricing plans, what you see is what you get. If your businesses has more complex requirements, QuickBooks’ Advanced plan—its most expensive, at £115 + VAT per month or £1,242 + VAT per year—will be what you’re looking for. At £33 + VAT per month (or £356 + VAT per year), the Essentials plan is aimed at small businesses…

Only permanent accounts (asset, liability, and equity accounts) are included. Temporary accounts like revenue, expense, and dividend accounts are closed out to retained earnings during the closing process and, therefore, do not appear on the post-closing trial balance. The unadjusted trial balance is your first look at your debit and credit balances. If not, you’ll have to do some research…

You agree and understand that the Payee is not required to accept your payment. We may delay, cancel or reverse a payment if we believe or suspect that a transaction is invalid, fraudulent or violates applicable law, the terms of this Agreement, your authorization to initiate a Payment, or our policies. We will make reasonable efforts to send you notice…

A gross sales finances guides an organization’s financial planning and objectives. It gives managers a reference point for the expectations and requirements they’re working with. With that image in thoughts, leaders can set better-informed, more effective overhead and administrative budgets. Understanding expected sales will allow you to divide sources as efficiently as potential. You allocate your budget to purchase the…

The standard 5% tax rate remains unchanged, but the MA millionaire tax, introduced in 2023, continues to impact high earners. This tax applies to all income exceeding $1 million, regardless of filing status, effectively increasing the overall tax rate for high-income individuals. Unlike states that adjust brackets based on inflation, Massachusetts has maintained its flat tax rate for decades, with…

With their support, The Book Fairies is on a mission to break the cycle of illiteracy stemming from poverty and a lack of access to reading material. It’s a simple yet incredibly impactful gesture that should be revered and modeled by others. Maureen is a CPA registered in Vermont and has online bookkeeping worked with businesses, non-profits and high net…