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.
Some people save money for their next tax payment by putting it in a separate bank account. This is a great method to avoid spending that money before it is due. I don’t have a separate bank account, but I still like to keep track of how much to leave in my bank account for […]