Archives For Accounting

ExpensiCon II Keynote photo Redmond Accounting

ExpensiCon has always been a unique conference experience, but attendees were in for a treat as they descended on the islands of Bora Bora. In addition to the lifelong memories being made, our curated list of guest speakers and roundtable discussions provided everyone with new outlooks and learnings — and that was before attendees had the chance to exchange their own tips and tricks! Though ExpensiCon ended last week, take a walk down memory lane with us as we fondly look back on the top 8 trends and takeaways from this once-in-a-lifetime partner retreat.

1. Preaccounting is front and center for the accounting industry — you just didn’t realize it yet

Despite putting behind them one of the busiest days of the year (at least until next year!), client services weren’t far from most attendees’ minds as they landed in Bora Bora, ready to hit the ground running. Attendees took advantage of the wealth of knowledge amongst each other to trade tips and tricks on best practices to bring back to their firm and clients. What emerged through conversation was honing in on how accountants can take advantage of technology to help their clients get their portion of the paperwork done. Continue Reading…

Expensify Xero HQ Partnership Announcement

We have a long history of teaming up with Xero to simplify the accounting process, and we’re excited to announce another way Expensify is working with Xero to streamline your workflow: introducing Expensify in Xero HQ!

Xero HQ is a one-stop hub for Xero accountants and bookkeepers to manage all their clients’ needs in one place. When combined with Expensify, accountants experience even more efficiency as it automates the receipt tracking and expense management process, giving you more time to provide superior service to clients. Continue Reading…

Xerocon pic

Though Xerocon London 2017 came to a close two weeks ago, our team is still buzzing about what an incredible event it was (only more six weeks until Xerocon Austin, but who’s counting?)! Kudos to the Xero team for making this year’s conference the biggest and best yet. Throughout the event, it was clear that the entire ecosystem continues to grow exponentially, promoting the value of automation for both accountants and their clients. Here are some of the biggest takeaways we had from the show! Continue Reading…

Everybody knows what accounting is:

Accounting [uh-koun-ting] (noun)

The theory and system of setting up, maintaining, and auditing the books of a firm; art of analyzing the financial position and operating results of a business house from a study of its sales, purchases, overhead, etc.

But what is “preaccounting”?  Not everybody is as familiar with this newer concept, so I’ll go ahead and define “preaccounting” as:

Preaccounting [priuh-koun-ting] (noun)

The system through which financial data is gathered, coded, aggregated, and normalized so as to enable accounting to occur; accounting processes executed by non-accountants, including expense management, time tracking, etc.

In layman’s terms, preaccounting is the super boring, tedious work that nobody wants to do, but that absolutely needs to be done before the truly valuable accounting work can begin.  Unlike accounting, which is clearly the job of accountants, preaccounting is nobody’s job Continue Reading…

This guest blog post is brought to you by our friends at Intuit QuickBooks. Happy Holidays!

The Gift of Time Intuit guest blog post for Expensify

The best way to carry success into the New Year is to move down the checklist and make sure everything is wrapped up — figuratively and literally — for the holiday season. For business owners, this means final expenses, deductions, and tax preparations.  Continue Reading…

This guest post is written by Dave Anderson, Inbound Marketing Specialist at Xero.

When You need to hire an accountant for your small business

Running a business often requires making some tough decisions. And the decisions only get tougher when they impact your bottom line.

Fortunately an accountant will help during these times. Many people believe they are limited to doing the books and preparing tax returns, but an accountant can help you with so much more.

They can advise you on the best course of action of your business, based on their expertise and a deep understanding of your finances. Here are some common situations small businesses face where it makes sense to hire an accountant:  Continue Reading…

Receipts-1

When I was a child, my mom collected shoeboxes. Big boxes, tall boxes, small boxes, etc. Their varying sizes made them a great storage option.

My parents own a slew of vending machines in and around my hometown and keeping track of their expenses during the year was never a huge priority. As a result, my mom finds the best-priced soda at one store then travels to the next, even if it’s only because she has a coupon for potato chips. She had receipts from Sam’s Club (a retail warehouse), gas stations, grocery stores, and more. It’s a lot of driving and even more receipts.

Continue Reading…