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 the difference between liabilities and expenses, how they impact financial statements, and why accurate tracking matters for business decisions.
Learn what unreimbursed employee expenses are, who can deduct them, which states allow deductions, and how to claim them on taxes.
Learn what is billable expense income, how billable expenses differ from non-billable costs, and the importance of accurately tracking them using automation.
Learn what incidental expenses are, as well as examples of incidental expenses and discover how to manage and track them effectively.
Learn what allowable expenses are, how to identify an allowable business expense, and see clear examples, criteria, and recordkeeping tips for taxes.
Learn what bad debt expense is, how businesses record it in accounting, and why tracking bad debt expense helps reflect true financial health.
What is an expense check? An expense check is a reimbursement payment for business costs. Learn how expense checks work and why they matter.
Learn what accrued interest is, how it works for loans and investments, and see examples for calculating accrued interest accurately.
Lean accounting is a financial method that reduces waste and simplifies reporting. Learn what lean accounting is, how it works, and its benefits.
Learn what grant accounting is, why it matters for nonprofits, and how accurate tracking grant accounting ensures compliance, transparency, and future funding.
Discover how an expense approval process works, why it matters, and best practices to streamline approvals, reduce risk, and improve compliance.
Learn how business expense tax deductions work, what qualifies, and how to track expenses to reduce taxable income and stay compliant.
