Blog

Shifting from the single-entry cash system to a double-entry accrual system means booking additional entries for accrued and prepaid amounts that represent income earned or expenses incurred. The frequency and complexity of adjusting entries can...

The full cycle process includes multiple steps, starting with the initial purchase request and ending with the payment of the invoice. Xero offers three pricing plans, depending on the needs of your business. When entering...

The accounts payable aging schedule is another great tool to manage payables. Accounts payable are found on a firm’s balance sheet, and since they represent funds owed to others they are booked as a current...