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Bringing Cash to the Center – Emerging Best Practices

Bringing Cash to the Center – Emerging Best Practices The initial response of many business leaders to COVID19 was to ensure survival. Most succeeded and, in the process, reinvented their business to suit the ‘new order’. Some reduced the range…

Using Human Resource Data to Support Business Decisions

Using Human Resource Data to Support Business Decisions Employees play a critical role in the success or failure of a company. Not surprisingly, management tries to create a positive environment for the team. Some leaders say they can ‘feel’ when…

The CFO – A Vital Role in the Cockpit of Your Business

The CFO – A Vital Role in the Cockpit of Your Business Would you fly on an airplane without a pilot? What would the symphony orchestra sound like if the conductor didn’t show up? What would happen if one member…

Is Your Business Model Standing the Test of COVID-19?

Is Your Business Model Standing the Test of COVID-19? As accountants, we need to understand our clients’ business models. In very simple terms, a business model refers to “the way a business makes money”. Take a retailer, for example, who…

What Is Your Business Worth? And Why It Matters

What Is Your Business Worth? And Why It Matters Building a business can be a long, challenging process. One way to assess how you are doing is to VALUE your business… and then try to grow that valuation. This keeps…
Chart of account in xero

How to add chart of account in Xero

❖ How to add chart of account in Xero Add an account Add a general ledger account to your chart of accounts. The process is different to add a bank, credit card, or PayPal account. In the Accounting menu, select Advanced, then click the Chart of…