by adria | Sep 1, 2025 | xero
In this video, I discuss why there’s a discrepancy between the profit reported on Bob’s Profit and Loss statement, which is $21,000, and the actual amount in his bank account, which is only $17,000. I highlight key factors such as Bob’s drawings of...
by adria | Sep 1, 2025 | xero
In this video, I’m diving into the topic of drawings in your Xero account, which refers to the money you take out that isn’t taxed, unlike your wages. I want you to check your balance sheet to ensure you understand what has been classified as drawings, as some...
by adria | Sep 1, 2025 | xero
In this video, I dive into understanding your balance sheet, starting with the published version from your accountant. I highlight the importance of distinguishing between assets and liabilities, particularly focusing on the shareholder’s current account, which...
by adria | Sep 1, 2025 | xero
In this video, I walk you through navigating Xero, focusing on the reports section. I demonstrate how to access various reports, including your annual accounts and GST returns, and highlight the importance of clicking on blue figures to view detailed transactions. I...
by adria | Aug 24, 2025 | Blog
What’s the Difference Between a Chartered Accountant and an Accountant – and Who Should You Choose? If you’ve ever wondered about the difference between a chartered accountant and an accountant in New Zealand, you’re not alone. It can feel like a confusing title...
