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Accounting Resources for Business Owners

Keeping you up to date on issues impacting your business

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Does your business have SMART goals?

BY Shelly Lingor ON Jun 13, 2018

If you’ve decided to start a business, you’re going to find yourself focusing on your creative idea—the thing you’re so passionate about doing that you’ve decided to make it your livelihood. That’s where you’re the expert. There are, however, a whole mess of other things you should do if you’re really serious about running a successful venture. A good place to start: SMART goals.

Xero + Stripe: Helping Business Owners Get Paid Quickly, Safely and Securely

BY Shelly Lingor ON Feb 13, 2018

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.

Game of Phone: 5 Great Apps for Entrepreneurs

BY Barbara Jenkins ON Jan 23, 2018

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.

1099s Simplified

BY Cindy Monk ON Dec 4, 2017

It’s that time of year again…

Okay, let’s break this down: If you paid an independent contractor or non-incorporated company $600 or more during the calendar year, you should issue a 1099 (When it comes to attorneys, you should issue a 1099 to them even if they are incorporated).

Improve your Odds of Getting a Loan with a Bulletproof P&L Statement

BY Shelly Lingor ON Oct 31, 2017

One of the most important financial statements your small business has is a profit and loss statement. As a start-up, your P&L statement is critical for analytical reasons, but it can also be used to assist you in getting the loan you need to finance your idea. It gives investors a clear overview of your company and what they can expect from you.

Watch Xero Transform the Good & Co. Workflow

BY Shelly Lingor ON Oct 12, 2017

“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.

 

How Hurricane Irma Proves your Business Needs to be on the Cloud

BY Shelly Lingor ON Oct 10, 2017

How Hurricane Irma Proves Your Business Needs To Be on The Cloud

Last month, Hurricane Irma set new flooding records in Florida and the Florida Keys. In Jacksonville, we saw our own share of apocalyptic conditions. Hurricane downfalls left over 5 feet of water in their wake, surpassing the previous 1960s record of 49 inches. As an accounting business, we work with hundreds of small businesses in...

How Technology is Reshaping Banking

BY Barbara Jenkins ON Sep 5, 2017

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 banking and financial services industries.

How to Get Paid Faster

BY Barbara Jenkins ON Aug 22, 2017

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 to get your business paid faster.

Xero Named the Most-loved Accounting Software for the 3rd Year in a Row

BY Barbara Jenkins ON Aug 18, 2017

Xero, the accounting software that allows GCT clients to understand and grow their business every day, exists to empower small businesses. Which is why there’s no greater reward than to receive positive praise from small businesses owners and key decision makers themselves.