From traditional banking to the digital finance ecosystem we have today, it's an underestimation to say that technology changed the game. The fintech trends this 2022 are here to take the industry by the scale and ready to transform the financial experience of their market.  

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.

You got the basics of financial recordkeeping— that’s a good start. But looking beyond its surface lies more factors that aid in a more in-depth understanding of the financial position of a company. 

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.