Accounting Tech Blog

The foundation of ecommerce accounting
If you have a product, ecommerce is a must. Whether your main focus is ecommerce or you’re using it as an extension of your core business, selling products online can be an incredible way to reach customers virtually anywhere. Before you launch an online store, you may want to take a minute to get acquainted […]
Employee onboarding checklist
Hiring employees can be a big step for a small business owner. Bringing on employees can help your business increase capacity and allows you to focus on your passions and expertise in the business. You may be hiring employees to focus on specific aspects of your business, such as sales, marketing, or product development—or simply […]
The critical role of digital transformation
The vital role of digital transformation in businesses became very clear over the past two years. Those without a robustly digital back-office felt the wrath of pandemic-related disruption, sadly forcing many to close their doors. Propelled by the pandemic, digital transformation is a top priority of small business owners and executives aiming to future-proof their […]
Accounting best practices that all businesses should adhere to
A business’s success relies on its product or service excellence; the ability to stand above the competition; and most importantly, finances. This is especially true for small to mid-sized businesses as they operate on a tighter budget and lower margins while they grow. As a business owner, it is vital to know the ins and […]
The powerful features of Xero cloud accounting
It’s no secret that we love Xero cloud accounting for our clients’ back offices. In past blogs we have gone in-depth on the robust features that Xero offers, such as analytics, reporting, customized dashboards, and the ability to seamlessly integrate thousands of third-party apps. Below are some of the additional features of Xero cloud accounting, […]
Benefits of cloud accounting for start-ups and new businesses
For a new business owner or start-up introducing a new product, service, or concept, it’s vital to be equipped with tools that can support you and your business. From inception, finances are a key component to ensuring your business succeeds with accounting at the forefront. Cloud-based accounting apps are the key to getting your start-up […]
eInvoicing takes AP and AR to the next level
Many small businesses still rely on sending invoices as a PDF or on paper through the mail. Sending invoices in this way can be time-consuming at best. There are also greater risks of lost invoices, security breaches, delayed payments, and inaccurate cash flow representation. eInvoicing is a cloud-based solution to alleviate these pain points and […]
Is your e-commerce business automated for growth?
With e-commerce, the world is literally at our fingertips. With the click of a button, individuals can purchase just about anything, from anywhere in the world. As an e-commerce business, it’s vital to be set up to accept purchases and fulfill orders efficiently. Xero is the key to the business back office running smoothly, giving […]
Automated accounting processes could relieve your business’s biggest challenges
Having outdated or nonexistent accounting processes can really take a toll on a business, eating up valuable time and exposing the business to risks. As a cloud accounting firm, we see business owners regularly experience a common set of pain points. Cloud-based accounting apps provide business owners with solutions to their biggest accounting struggles while […]
The power of accounting app integrations
Xero is a powerful cloud-based accounting app that provides a central hub for the business’s back office. On its own, Xero can be an incredibly helpful tool for running a business and keeping the finances organized, up-to-date, and accessible on the go. Paired with other industry and task-specific cloud-based apps, businesses find themselves increasing capabilities, […]
A paperless back office benefits the environment and the business
Going green is about even more than the environment—migrating to a paperless back office has many benefits that will move your business in the right direction and increase your bottom line. If you’ve considered digitizing your back-office but aren’t sure how it would benefit your business, read on to learn how other companies with paperless […]
Nonprofit Accounting in the Cloud: 5 things every nonprofit org deserves
Nonprofits come in all shapes and sizes but with common characteristics, principles, and needs. While for-profit organizations focus on profitability, nonprofits focus on providing for the community around them and managing incoming funds. Nonprofit organizations are held to certain standards in order to maintain their tax-exempt status, which requires full financial transparency and reporting. Cloud-based […]
Benefits of using a payroll app
Behind every successful business is a talented team of individuals working together to accomplish the business mission. Supporting a staff, big or small, adds layers of complexity to a business—but running payroll shouldn’t be one of them. If your payroll process is stuck in a spreadsheet or spread across multiple systems, it’s time for a […]
Starting points to modernizing a generational company
Many business owners who have been running the same company for the better part of their lives see the business as their legacy—a future for their children, grandchildren, and generations to come. It’s not uncommon for them to hold close the things that brought success in the past, which can also lead to resistance when […]
How to track rental property tax deductions
If you’re in the business of short-term rentals, you won’t want to miss out on the many tax deductions available to help offset your rental income. But in order to take advantage of the money-saving deductions, it is crucial to keep a detailed record of all transactions. No matter how big or small, every expense […]
Fixing the most common business accounting problems
What if we told you that the majority of your accounting problems could be solved with one simple answer? Adopting cloud-based accounting apps and processes can be the solution to many of your biggest pain points. Done right, the solution goes far beyond accounting, positively impacting many aspects of your business. But that’s the key—you […]
Six ways to prepare your business finances for the new year
The holiday season is upon us and that means we are only days away from ringing in the new year. Cheers to a successful year and making it through 2021! But don’t take a step back just yet. Year-end is an ideal time to set the business up for a less stressful tax year. Below […]
How to support employee adoption of new tech
Have you ever invested in new technology just for it to fall flat? Organizations today are increasingly migrating their business to the cloud, but too often poor technology adoption rates result in an unfavorable ROI. Or, stated plainly, leadership excitedly rolls out a new platform, but no one ends up using it. Before you ditch […]
Be successful with ecommerce for small business
Ecommerce businesses have been on the rise ever since their inception, and the pandemic offered online sellers an added boost. Small businesses have just begun to scratch the surface of possibilities open to them with ecommerce. With the world’s goods and services at our fingertips, just one click away, online purchases continue to soar. Some […]
4 Essential Apps for Ecommerce and Online Sellers
With the holiday shopping season quickly approaching, ensuring your ecommerce business is prepared for the rush is top priority. Although we are slowly returning to pre-pandemic shopping norms, there is no doubt that vast numbers of consumers will be shopping online this year. There is pent-up demand, savings are high, and the stock market is […]
Xero is a winner for medical accounting software
Running a medical practice can be demanding, pulling in every direction at once. From managing patient care and follow-ups to the back office and financial side of things, healthcare goes far beyond caring for the patients. We support medical practice managers in streamlining and automating their back-office processes, running everything through Xero as the central […]
Accounting for Medical Practices: 5 areas you can’t afford to ignore
Are the books in your medical practice looking a bit under the weather? Keeping up with accounting can be a struggle for many clinics, particularly when it comes to a single practice with multiple locations. Adopting cloud-based accounting apps can get your books back on the road to recovery. Whether you’re just opening your doors […]
Five Tips for Digitizing Your Business
Digitizing your business serves to reduce risk, save valuable time, and enable you to meet your customers where they are while staying competitive in your niche. Digitization should be a top priority of any business owner, but like many changes that appear daunting, successful digitization projects often fall behind. Choosing the right software and properly […]
Running a Brewery on the Cloud
Once you’ve perfected your recipes, one of the best (and most commonly overlooked) projects you can take on to set up your craft brewery for success is to automate your accounting processes. Running a brewery with cloud accounting will enable you to focus on what you do best—keep customers coming back for more. Below are […]
Back-office requirements for a successful e-commerce business
E-commerce businesses have exploded in popularity, and the industry offers ample room for growth in nearly innumerable product lines. Getting your accounting processes set up properly from the beginning of an e-commerce business is vital for long-term success, and it’s a task to tackle even before you make your first sale. Consider the following to […]
Four things to consider for flexible work
2020 threw a curveball to many small businesses and their employees, but it wasn’t all bad. Those businesses that rolled with the punches and were open to change saw some great opportunities once they were up and running for remote work. Many companies that had previously shied away from offering flexible work arrangements ended up […]
How to start a business: 5 steps to set you up for success
Once you’ve got a business idea and are energized to hit the ground running, there are some important early steps that you shouldn’t skip. Entrepreneurship is a mix of intelligence, tenacity, hard work, and dedication—and then there’s that need to know how to start a business. If you’re ready to take your passion and turn […]
Top Apps for Ecommerce and Product-Based Businesses
We love cloud-based accounting systems, but we also know that every industry and every individual business has different needs when it comes to back-office functions. Accounting apps are far from a one-size-fits-all approach. A clothing boutique will have very different needs than a brewery, for example. product-based businesses may require an inventory system, built-in marketing, […]
Our Top 5 Favorite Cloud Accounting Apps
There are certain accounting functions that just about every business requires, such as payroll, expense tracking, bill pay, and document management. Some of these functions require daily attention, so why not simplify and automate the process? Doing so can save you valuable time and money, and also helps to reduce the mistakes that are inevitable […]
Six Reasons We Love Xero Cloud Accounting
There’s no time like the present to be on the cloud—the Xero cloud, that is. With the shift to hybrid work environments, migrating to a cloud-based solution has become essential to making businesses run smoothly. Virtual collaborations ensure easy, secure data transfer, as well as the critical ability to run your business from anywhere. So […]
Build your Accounting Tech Stack
I don’t believe in data entry. Do you know how many other things you could accomplish if you and your team could take those hours devoted to data entry and apply them to the areas of your business that need a human touch? Automating data transfer can free up untold amounts of time, not only […]
Protecting small businesses from fraud
Many small businesses like to think that their size insulates them from fraud. In reality, though, the opposite is true – small businesses are big targets for would-be fraudsters. According to the ACFE Report to the Nations, small businesses are two times more likely to experience billing and payment fraud and four times more likely to experience […]
Move accounting to the cloud: 4 big benefits
As business go remote all over the world, many are scrambling to add the necessary technology their teams need to keep the business running. Cloud accounting offers ways to boost your bottom line and pave the way for future growth—and now it’s critical to ensure you can pay bills, receive payments, track cash flow, and […]
Why Manual Payroll Can Crush Your Business And What To Do About It
Businesses that do manual payroll are all too common, and we’ve seen the unfortunate and damaging effects. There are many things you can and should DIY. Payroll isn’t one of them. When we say manual payroll, it’s really a shorthand expression for not using an industry-standard payroll processing software tool or outsourced payroll service. Many […]
Are Robots Coming For Accountants?
We spent last week at Xerocon, an annual event that brings together cloud accounting leaders for education, inspiration, networking, and good times (accountant-style). One recurrent theme was automation—perhaps an obvious topic for a cloud accounting conference since we’re all about automated business bookkeeping tasks, but also a prevalent topic in every business field right now. Countless […]
Payroll Doesn’t Have To Be Painful
Is payroll a pain? Or maybe you’re just getting started with employees and want to make sure you’re doing everything on the up-and-up. Here’s a quick guide to making your business payroll as pain-free as possible. Classify your workers as employees or contractors The way you classify your workers determines whether you pay employment tax […]
We’re A Hubdoc Top 50 Cloud Accountant
As we work with clients to bring their accounting onto the cloud and provide cutting-edge business advisory services, we’re always evaluating our tools, technology, and methodologies to make sure we’re recommending the best possible solutions. One of our favorite cloud apps that we recommend to all clients is Hubdoc, which streamlines, organizes, and extracts data from […]
Five Questions To Ask Before You Trash Another App
If you’ve ever purchased a business app, migrated your data, tried to use it, and realized it didn’t work—you’re not alone. We hear about this a lot. Business owners tell us that they tried to use accounting software or an accounting app to automate a particular process, and it was a big flop. We’re going […]
Do You Really Need A Business Plan? + 4 Top Accounting Apps
Putting together a business plan isn’t something you do overnight, so it can feel unnecessary when you’re trying to get your business off the ground. As you get into the weeds with your business, however, your business plan becomes a compass for growth and sustainability. Here’s a story from one of our clients about how […]
Why The Cloud Isn’t Just For Millennials And Hipsters
Listen, we get it. All these crazy new technology fads can feel a little, well, annoying. Can’t I just do things the way I’ve always done them? Why do I need to put everything on the cloud? Isn’t that how hackers found all those embarrassing celebrity photos? My way or the highway and that’s just […]
Xero + Stripe: Helping Business Owners Get Paid Quickly, Safely And Securely
Xero recently announced the next phase of its partnership with Stripe: enabling Xero customers to accept Automated Clearing House (ACH) bank transfers via its integration with Stripe. “Our ultimate goal at Xero is to make sure small businesses are getting paid as quickly as possible, while making the experience from set up to reconciliation seamless,” said Craig […]
Game Of Phone: 5 Great Apps For Entrepreneurs
We check our phones about 85 times a day. Chances are, you’re reading this on one right now – or it won’t be long till you check it again. A staggering 70% of internet traffic now comes from mobile devices. This ‘smartphone addiction’ gets bad press these days. For any small business owners, rather than a […]
Watch Xero Transform the Good & Co. Workflow
“Xero for us, was the perfect tool to give us the ability to easily understand what our financials look like at the moment” says Sebastian. Sebastian Freude, chief of staff at San Francisco-based Good & Co, has a belief that there are no bad employees or companies – just a bad fit. So it’s no […]
How technology is reshaping banking
Over the last 10 years, technology has driven huge amounts of change in the finance sector, redefining the very foundations the industry was built on. This fintech revolution is being powered by a wave of disruptive startups. They are completely reshaping the finance sector, otherwise known as the ‘root and branch reconfiguration’ of the ageing […]
How To Get Paid Faster
Research suggests more than one-fourth of start-ups fail due to a cash crisis. While profits look appealing on an income statement, cash pays the bills. If you’re struggling to convert your sales into cash fast enough, consider the following ways for your business to get paid faster. Invoice Immediately Using Email Your clients aren’t obligated […]
Xero Named The Most-Loved Accounting Software For The 3Rd Year In A Row
Xero, the accounting software that allows GCT clients to understand and grow their business every day, exists to empower small businesses. This is why there’s no greater reward than to receive positive praise from small businesses owners and key decision makers themselves. 5 out of 5 overall satisfaction In an annual survey conducted by Canstar […]
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