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Accounting Resources for Business Owners

Keeping you up to date on issues impacting your business

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Assets vs. Expenses: What's the difference?

BY Shelly Lingor ON Mar 18, 2019

In general business speak, there's a good chance you use the words asset and expense interchangeably. In accounting terms, however, assets and expenses are distinctly different. They're coded separately in your books and represented differently on your tax return. Understanding the difference will have important implications for your business taxes.

We're a Hubdoc Top 50 cloud accountant

BY Shelly Lingor ON Jan 14, 2019

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.

Does your business need cloud accounting software?

BY Shelly Lingor ON Sep 17, 2018

Unless your small business is an accounting business, chances are you don’t relish spending time sitting down to do the books. Traditional desktop small business accounting software packages don’t help, either. They’re clunky, take a lot of manual labor to keep up to date, and seem to always need updates. Many businesses start out with the best of intentions when it comes to bookkeeping, but...

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.

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.