Setting financial goals gives you a clear focus on running your business without blowing your budget. This 2022, establish yourself as a financially savvy small business owner by learning how to set financial goals for a business.

Holidays are hectic. But it’s also a good opportunity to earn higher profits than usual.  On top of delivering good service and quality products to your customers, you must also make sure you’re getting a positive return on investment (ROI).  Having a good accounting process can help you achieve it. To get started, consider these small business accounting best practices for the holiday season.

Bank reconciliation protects your business from fraud, accounting errors, and mismanaged funds. At a minimum, it’s best to reconcile your bank and bookkeeping records daily, weekly, or monthly to catch errors immediately. It can be a tedious process. Nonetheless, it’s critical to your financial health. Good thing, Xero accounting software can make this process easier for you. Follow these steps on how to do bank reconciliation in Xero.

The Financial Accounting Standards Board (FASB) pushed through with the implementation of the new lease accounting standards (ASC 842) for private companies after a two-year delay.

A capital expenditure budget helps you assess if the long-term assets you’re planning to procure are viable or not. Here’s how you can prepare it.

Connecting your QuickBooks (QB) and Salesforce accounts unifies your accounting and sales departments. Not only does it remove silos between the two departments, but it also saves your bookkeeper time from double-entry of information. Take a look at the three options below for your Salesforce to Quickbooks integration.