Why We, at The Bottom Line®, are 100% Xero
Clients often call us up and ask for help with their software. They are having difficulty with Quickbooks, or they can’t get GoDaddy Bookkeeping to compute their expenses properly, or they may want to know how to configure a certain formula in FreshBooks. If the question they ask is an accounting issue, we should be…
Understanding How Much It Is Costing You to Get Paid: Merchant Fees
If you sell widgets, which you buy wholesale for a dollar each and retail for four dollars each, you make three dollars on each widget you sell, right? When you try to balance your accounts at the end of a particular month, you compute the costs of your wholesale widgets. You bought 2000 widgets…
Summer Business Planning: Prepping for the BIG PAYDAY Called 4th Quarter
“Summertime, and the living is easy.” Perhaps, Gershwin is taking it easy, but time is a’ wastin’ if you aren’t starting to prepare for end of the year profits. Retailers estimate that 40% of a typical business’ income is made in the final quarter of the year. Because of that, summer business planning is important….
VAT Tax Updates + Tools for Digital Product Sales
If you sell digital products overseas, the European Union (EU) has passed updates to the VAT tax that will affect you and your accounting. If you are unfamiliar with the VAT, here’s a down and dirty overview. VAT stands for Value Added Tax. In this system of taxation, goods and services are taxed at each step…
