Accounting

How to do Xero reconciliation – your Bank doesn’t agree?

Are you having trouble with your Xero reconciliation? Have you reconciled all your bank transactions, but your Xero balance still doesn’t agree to your bank balance? There could be three reasons why: 1.) You have Outstanding Payments and Receipts in your bank reconciliation 2.) You have missing or duplicate bank transactions in Xero. 3.) Your …

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Conversion Balance: Fixing it can fix your Bank Balance

Summary: If your Statement Balance doesn’t agree to your actual bank account balance, then it could be because your conversion balance is wrong. This is one of the potential reasons if your bank balance doesn’t agree. At What a Figure! Accounting, we will look at two of the three most common problems: 1.) Outstanding Payments …

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A2X for Amazon Sellers (plus a cheaper and better alternative!)

Welcome to our guide of A2X for Amazon sellers – the tool that helps you import your Amazon sales into your cloud accounting software (eg. Xero and Quickbooks). For our special tip, read till the end to find out which is our favourite, cheaper and better A2X alternative at What a Figure! Ecommerce Accounting. Differences …

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What does a bookkeeper do? (How to find a good one?)

Running a company can easily feel overwhelming – even if it just comes to finances. One of the best ways to free up your time is to hire a bookkeeper. What does a bookkeeper do? What are the tasks they can complete without using an expensive accountant? Let us at What a Figure! Accounting explain …

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