Evolution of accounting!
I was trying to demonstrate how the accounting industry and accounting function in business has changed in past years so we came up with this illustration.(Copyright 2013. All Rights Reserved)
I was trying to demonstrate how the accounting industry and accounting function in business has changed in past years so we came up with this illustration.(Copyright 2013. All Rights Reserved)
From the beginning of the 2013/2014 income year, if you are using a property for mixed use, i.e. you sometimes live in it and sometimes rent it out, then the new formula for working out the effect on your income has changed.
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In the five years Xero has been on the market it has quickly gained a reputation as being the easiest accounting system around. Xero is a cloud based system which means that you can log into it securely from any computer with an internet connection anywhere in the world. It also means you won’t need to buy costly accounting packages and upgrades ever again and it even eliminates the need for backups – if your computer crashes you won’t lose your accounting data! In addition to these practical benefits using Xero has many advantages that can give your business an edge: