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What is a Profit and Loss Statement & Why Is It Important?

By Maggie Aland on October 2, 2017 | Accounting, Business Accounting, What is

Profit and Loss Statement

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

By Crystalynn Shelton on August 31, 2017 | Accounting, Business Accounting, What is

Employer Identification Number

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

By Crystalynn Shelton on August 30, 2017 | Accounting, Business Accounting, How To

QuickBooks Checks: Cost, Where To Buy, & 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

By Crystalynn Shelton on August 7, 2017 | Accounting, Accounting Software, How To

quickbooks to xero conversion

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

By Crystalynn Shelton on August 4, 2017 | Accounting, Accounting Software, How To

reconcile credit card processing payments in xero

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

By Crystalynn Shelton on July 27, 2017 | Accounting, Accounting Software, How To

balance sheet 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

By Crystalynn Shelton on July 27, 2017 | Accounting, Accounting Software, How To

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

By Crystalynn Shelton on July 24, 2017 | Accounting, Accounting Software, How To

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

By Crystalynn Shelton on July 24, 2017 | Accounting, How To

online customer payments 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

By Crystalynn Shelton on July 18, 2017 | Accounting, Accounting Software, How To

Aged Payables 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

By Crystalynn Shelton on July 18, 2017 | Accounting, Accounting Software, How To

pay bills 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

By Crystalynn Shelton on July 12, 2017 | Accounting, Accounting Software, How To

mark bills paid online 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…

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