A profit and loss statement, otherwise known as a P&L or income statement, is a document that measures and reports a company’s expenses and revenue during a specific period of time. This shows a company’s financial status and progress during the time surveyed. The statement details a company’s capability to create profit by driving revenue,…
Employer Identification Number (EIN): What It Is & Where To Get One
An Employer Identification Number (EIN) is a unique nine-digit number that identifies your small business when you file taxes, open a business bank account, get a business loan, or do other business activities. Many, but not all, small businesses are required to get an EIN. How to Get An EIN – Cost, Online Application, &…
QuickBooks Checks: Where to Buy, Pricing, & How To Print
Using , you can print checks at anytime from your QuickBooks account. This makes it easy and quick to pay vendors, employees, and general expenses. . Where To Buy Business Checks In order to print checks directly from , you will first need to order blank checks. You cannot print checks on regular paper because…
How to Convert from QuickBooks to Xero
Welcome to the Fit Small Business Xero training course! In this lesson, we’re going to cover how to convert from QuickBooks to Xero. You can follow along on your own Xero account. If you don’t have one already, and follow along below. To complete this lesson, you can either watch the video below, read through…
How to Reconcile Online Payments & Fees Received from a Credit Card Processor
Welcome to the Fit Small Business Xero training course! In the previous lesson, we showed you how to get paid faster by accepting online payments from your customers. In this lesson, we are going to cover how to reconcile online payments and fees from a credit card processor in Xero. You can follow along on…
How to Create a Balance Sheet Report in Xero
Welcome to the Fit Small Business Xero training course! In this lesson, we’re going to cover how to create a balance sheet report in Xero. You can follow along on your own Xero account. If you don’t have one already, to sign up for a free 30-day trial and follow along below. To complete this…
How to Create an Income Statement in Xero
Welcome to the Fit Small Business Xero training course! In this lesson, we’re going to cover how to create an income statement (also known as a profit and loss statement) in . You can follow along on your own Xero account. If you don’t have one already, and follow along below. To complete this lesson,…
How to Create a Cash Flow Statement in Xero
Welcome to the Fit Small Business Xero training course! In this lesson, we’re going to cover how to create a cash flow statement in Xero. You can follow along on your own Xero account. If you don’t have one already, to sign up for a free 30-day trial and follow along below. To complete this…
How to Accept Online Payments from Customers in Xero
Welcome to the Fit Small Business Xero training course! In this lesson, we’re going to cover how to accept online payments from customers in . You can follow along on your own Xero account. If you don’t have one already, and follow along below. To complete this lesson, you can either watch the video below,…
How to Create an Accounts Payable Aging Report in Xero
Welcome to the Fit Small Business Xero training course! In this lesson, we’re going to cover how to create an accounts payable aging report in Xero. You can follow along on your own Xero account. If you don’t have one already, to sign up for a free 30-day trial and follow along below. To complete…
How to Pay Bills with a Check in Xero
Welcome to the Fit Small Business Xero training course! In this lesson, we’re going to cover how to pay bills with a check in Xero. You can follow along on your own Xero account. If you don’t have one already, to sign up for a free 30-day trial and follow along below. To complete this…
How to Mark Bills as Paid in Xero
Welcome to the Fit Small Business Xero training course! In this lesson, we’re going to cover how to mark bills that have been paid online in Xero. You can follow along on your own Xero account. If you don’t have one already, and follow along below. To complete this lesson, you can either watch the…