Category: Bookkeeping

Starting a Business?

Starting a Business?

Wonderful – welcome to the excitement of owning your own business.If you’re still in the early stages of starting a business here are some things you might want to do early: Incorporate a Company There are several advantages of trading as a Corporation...

What documents should I keep?

You need to retain sufficient documentation to substantiate your claim to an expense deduction and GST Input Tax Credit.  The requirements are slightly stricter for something that includes GST (Note: GST refers equally to GST, HST and QST – we’ve...
Supplier Statements in Xero

Supplier Statements in Xero

It is easy to create a statement for your customers/debtors in Xero, but at present there is no easy way to create a statement to reconcile your suppliers/creditors. Here is a quick way to simulate a supplier/creditor activity report: 1. From the Account Transactions...

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