Bookkeeping

You can add sales tax to your invoices and estimates, and set up default sales taxes for customers, sales, and purchases. In addition to automated categorization, Xero saves you time with other features like recurring invoices, automatic invoice reminders, bulk invoicing, and replication of previous invoices. Xero also remembers the past transaction categories you used, […]

In the management’s discussion and analysis section, offer comprehensive explanations of your long-term financing strategies and debt management policies. Optimizing interest rate management is a crucial component of effectively handling long-term liabilities. Analyze the timing of debt repayments and align them with projected cash inflows to maintain a healthy cash position. You’ll need to meticulously […]

Inventoriable costs are the costs incurred in the manufacturing or acquisition of a product. For instance, for a retailer, inventoriable costs include all costs related to the acquisition of the product from the manufacturer all the way to its premises. For service companies, all of their costs are period costs. While accounting for inventories it […]

Without a procurement roadmap in place, there is a high chance of untimely stockouts, malfunctioning equipment, and project delays. To remediate, demand itemized cost disclosures, define clear buyout and early-termination clauses, and require explicit maintenance responsibility in the contract. Others are unclear maintenance and insurance obligations that shift operational risk unexpectedly, and failure to align […]