Xero and other recent accounting software solutions make it very easy to complete a bank reconciliation, i.e. matching accounting transactions to bank statement lines. A new client asked: how often should I do it? This post answers that question.
As a business grows in size and complexity, spreadsheets and other simple do-it-yourself bookkeeping systems will be increasingly time-consuming and cost-inefficient, and it will be worthwhile investing in accounting software. The ideal time to invest in accounting software is a grey area and will occur at a different time for each business, so in this post I outline a few […]