Xen Accounting's Blog

If you have a SaaS business and you charge an upfront annual price as an option to your customers, you might know that you should spread those revenues equally over the months of the service agreement in your accounting books instead of showing one lump sum in the month it was received. For some, this process is not as easy as they would like it to be. So let's check out the top apps to track deferred revenues for SaaS businesses.

If you're a small business owner and you're paying your team members as consultants because you either want to avoid some of the administrative work that comes with payroll or because you want to save a bit on taxes, you might be exposed if you haven't considered the criteria that CRA uses to determine the employee vs contractor nature of the relationship. Below we'll look at 5 factors that the CRA uses to help make this determination.

If you're reading this article, maybe it's because you clicked on this link after searching for the keyword "accounting jobs montreal" in Google. If you searched for that keyword, then maybe it's because you're looking for something new in your career. Maybe you want a change and you want something different, something fresh.

If that's the case, you came to the right place. This article is intended to give you a rather new option when it comes to your career path: working at an online accounting firm. Here, we'll discuss the pros and the cons of why an online accounting firm might just be the right fit for your next career move.

It's no secret that many of you would rather gouge your eyes out rather than spend one extra minute on your accounting. It's time-sucking, administrative and detracts from your focus on the big picture. With the right tools in place though, you can make your life a whole lot easier.

Still stuck using some ancient, outdated, horrible looking piece of desktop accounting software when managing your financial affairs? It's time to upgrade. Let's take a look at the best online accounting software for your small business.

Original post can be found by clicking here.

There are a ton of different options when it comes to creating slick invoices quickly and easily now a days. But which one is the best invoicing software for your business?

Rip up my timesheet? Are you nuts?

It’s a crazy, counterintuitive thought for most professionals out there. I know.

Your old, outdated desktop accounting system. Using it yourself is painful, time consuming and you almost need to be an accountant to operate the system. If you ship your records off to your accountant to handle, you have no visibility into how your business is performing on a real-time basis. It's a lose-lose situation, right?

Wrong.

Tech startups are now starting to trend toward paying their staff in a new form of payment: bitcoins. But they might be forgetting about the tax implications of salaries in bitcoins.