Connect2Accountants Blog

A BLOG ABOUT MONEY, ACCOUNTING & FRUGAL LIVING.

Written in Plain English. Better manage your money and eliminate stress.

Unit 21 Activities 1 - Xero for Day-to-Day Business DIY Online Bookkeeping Course

The below are files that you will need to complete Unit 21 Activity 1 of the Xero for Day-to-Day Business bookkeeping:

Vendor collated spreadsheet:

Continue reading

Unit 20 Activities 1 & 2 - Xero for Day-to-Day Business DIY Online Bookkeeping Course

The below are files that you will need to complete Unit 20 Activities 1 & 2 of the Xero for Day-to-Day Business bookkeeping:

Activity 1

Continue reading

Unit 18 Activity 1 - Importing bank statements for Xero for Day-to-Day Business DIY Online Bookkeeping Course

Here are the following files for their respective bank accounts:

a. WBC - Cafe
wbc-cafe-bank-account-import.csv (267

Continue reading

Unit 16 Activity 2 - Employee TFN for Xero for Day-to-Day Business DIY Online Bookkeeping Course

To save these images onto your computer or cloud drive, right click on the image and then click "Save as" and select an appropriate location to save the image.

Continue reading

Unit 10 Activity 1 - Branding on Invoices for Xero for Day-to-Day Business DIY Online Bookkeeping Course

Use the first image (the coffee cup and spoon) for the cafe arm and the second image (the hand holding the dish) for the catering arm of the business.

Continue reading

Unit 8 Activity 1 - Expense Claims in Xero for Day-to-Day Business DIY Online Bookkeeping Course

Here's where you can download the receipts to complete Activity 1 of Unit 8 - Expense claims in Xero for Day-to-Day Business.

To save these images onto your computer or cloud drive, right click on

Continue reading

Unit 7 Activity 2 - Purchases of Xero for Day-to-Day Business DIY Online Bookkeeping Course

Here's where you can download the purchase invoice images to complete Activity 2 - Purchases of the Xero for Day-to-Day Business.

To save these images onto your computer or cloud drive, right click on

Continue reading

What is depreciation recapture? (Explained in Pictures)

Depreciation recapture happens when you sell something and the gain or a portion of the gain is classified as ‘ordinary income’ (instead of capital gain which has more favorable tax rates).

Continue reading

Types of Depreciation Methods and their Formulas (US IRS Taxation)

It in this post, I’ll put in a table, the types of depreciation methods that are acceptable to the IRS in calculating depreciation. Depreciation is the reduction in the value of something you purchase and keep for use. For example, if you purchase a car for $25,000, normally you can’t

Continue reading

MACRS Depreciation Table (US IRS taxation)

MACRS is a depreciation system that’s used to calculate depreciation for most property that was placed in service in from 1987 onwards. Placed in service essentially means put in use.

Continue reading

Message icon

Have A Question?

Get in touch!