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How To Make Xero Accounting Work For Your Construction Business

Posted by Sharie DeHart on Fri, Jul 15, 2022

The key to making Xero Accounting Online work is ensuring your account is correctly set up and maintained. Perhaps you own a service and repair firm specializing in plumbing, electrical, HVAC, or maybe a handyman service or someone who does small construction projects that last from a few hours to a few days, and you only need to give your customer or client one invoice?
 
Suppose you've just started working with Xero; making a few mistakes while learning is expected. We see pretty common errors - and unfortunately costly - so you should be aware of them if you want to get the most out of Xero's powerful cloud accounting system. 
 
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Topics: Xero For Construction Companies, QuickBooks Online Converted To Xero, Construction Bookkeeping And Accounting, What Is Xero Accounting Online, Contractor Tips

The Right Accounting Software Can Increase Your Profits

Posted by Sharie DeHart on Fri, Mar 26, 2021

Most construction business owners who use accounting software quickly master the basics. They automate processes like invoicing and payroll, track expenses, and view real-time financial reports to manage cash flow and make better business decisions. 

What three reports do you need for your construction business?

#1 Cash On Hand - This report shows you how much cash you have in your checking accounts, savings accounts, payroll accounts, hip national bank (your wallet), and petty cash box in your office. 

#2 Cash Coming In - This report shows you how much cash your customers and clients owe you and how much of it will be likely to receive in the next 30-60-90 days.

#3 Cash Going Out - This report shows you how much cash you owe yourself, suppliers, employees, and the taxman and how much of it will be likely to pay out in the next 30-60-90 days.

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Topics: QuickBooks Product Information, Xero, What Is Xero Accounting Online, QuickBooks Construction Accounting, Contractor Tips

What Is Xero Accounting Online And Why Are We Offering It?

Posted by Randal DeHart on Thu, Oct 31, 2013

What Is Xero Accounting Online?

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Topics: What Is Xero Accounting Online

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