IMPORTANT UPDATE:  July 2017 Shopify to Xero Integration is under New Management [info ]Mgmt: BOLD APPS for Shopify to Xero integration[/info]Read More

Robin from Flourish and Thrive Academy asked us: Q:  What Reports should be running each month? A:  There are 3 main monthly reports you should review. We call these your key Management Reports. Action Step:  Run the following Reports and analyze each line and how they relate to each other. Doing this regularly will help...Read More

Brooke asks, Q:  I’ve seen a lot of people getting hacked on FB and I’m scared it’s going to release my credit card info. I tried to cancel payment and I’m not sure how to disconnect my credit card from these socials? Any idea?Read More

Brandy asks: Q: I am in the process of setting up our Shopify POS. I’ve had two sales on it. Is there anything I need to do to document these sales or are they all going to be registered on Shopify? Can I run reports for retail/shop sales in Xero or do I need to...Read More

Ever filled out a tax form and wondered what the heck an NAICS (North American Industry Classification System) code was? Here are instructions on how to select the right NAICS code as a jeweler that manufactures a finished product and sells both wholesale and retail.Read More

2 Step. 2 Step. 2 Step. Now that we have you moving to a beat, thanks to Chromeo, please go enable 2 Step Authentication in Xero.Read More

Shera asks: Q: So the owner’s draw doesn’t have any tax consequences like a salary would, correct? A: Correct – the owner’s draw account does not have any tax consequences like a salary. As a Sole Proprietorship or single member LLC (seen as the same as a Sole proprietor to the IRS), the Net Income (the...Read More

Sherie asks: Q: Before realizing I should have been putting everything to owner’s investment, I repaid our joint account for approximately $2500 last year. I wouldn’t have if I had used my personal account, but this wasn’t all my money! Can I just do an owner’s draw? Or would I have to set up and...Read More

Melinda asks: Q:  So um… what’s the deal with sales tax? When my customer buys something from my SquareSpace website, are they paying taxes? What about wholesale orders? If I am creating invoices to stores who are buying wholesale from me within the same state as me (California), should I be charging them sales tax? Where...Read More