Resources on basic accounting and payment terms business owners must know.
Xero is a cloud-based accounting software specifically designed to meet the financial management needs of businesses, freelancers, and growing companies.
Discover what is a sales invoice and how a professional sales invoice helps you get paid. Learn to create a sales invoice with our guide and templates.
Learn how early payment discounts work to save money and improve cash flow. Discover when to pay early and how automation helps capture business saving.
Learn what accounts receivable journal entries are and what they’re for, their importance in accounting, and how they impact financial statements.
Discover what are operating expenses and explore examples of OpEx. Learn how to track operating expenses, and best practices for managing them.
Learn what goods receipts are, how they support the inventory management process, and best practices and strategies for using them.
Learn what notes receivable are, how they’re treated in financial accounting and reporting, and how they impact cash flow management.
Discover what net earnings are, how to calculate it, why they are important, and how to use the metric to assess how a business is performing.
Learn what is service revenue, how it impacts financial statements and operational capabilities, as well as how to maximize it.
Learn what an unadjusted trial balance is, why it’s crucial for financial reporting, and how to prepare one step by step.
Learn about post-closing trial balances, their importance in accurate financial reporting, and how to prepare them.
Learn how assets and liabilities shape your business's financial health. Discover tips for tracking, managing, and leveraging them effectively.
Discover what account balances are and their importance to manage cash flow, debts, and investments effectively.
What are assets? Breaking down the definition to these important business resources, and providing strategic practices for better asset management.
Depreciation is a standard accounting practice of allocating the cost of an asset over its useful life. Learn how depreciation affects financial reporting and asset management for small and medium-sized businesses.
