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Advisory and Performance Management


Four Major Flaws of the Billable Hour and Why You Should Employ Value Pricing Instead
I’ll go out and say it. Charging by the hour for your services is a cop out. The billable hour is, in all actuality, a terrible measure for pricing your services. No one says to themselves, “You know what? I feel like buying 4.75 hours of my accountant’s time today.” Rather, they’re more inclined to say something like, “You know what? I really need some of my accountant’s help with some of my year-end tax planning.” Charging an hourly rate for that help is a cop out. Instea


Three Essential Tools for Collaborating with Clients Remotely
Convenient, simple and easy. That’s what every single client wants from a service provider in this day and age. So why not give them exactly what they want? Back in the day, the only way to do business was to setup in person meetings where your client would visit your office or you would visit theirs. You sit in traffic, look for parking, drive from one end of the city to the other and literally rush around like a maniac from meeting, to meeting, to meeting. And if you’re d


Accounting Technology & Tech Trends Webinar
Ryan Lazanis, CPA, CA breaks down some of the coolest and hottest accounting technology for your small business in this 1 hour webinar. Check out the video below! About Xen Accounting Xen Accounting is a virtual accounting firm designed for modern day small business owners with one goal in mind: to create a truly pain-free accounting experience. Through technology and a forward-thinking approach, Xen Accounting is focusing on delivering professional accounting services for bu


Hate your Shoebox of Receipts? There's an App for that!
You hate it. Your accountant hates it. The dreaded shoebox full of receipts. It never ends. There are always tons of bits of paper that you can never fully catch up with. Each month (at least, hopefully) you dump this into your accounting system, or worse, Excel. There are about 100 of other things you should be doing to grow your business but instead you’re messing around with parking receipts, meals receipts and crumpled up papers where you can’t even make out the writing a


How to read a balance sheet
Does glancing at your balance sheet look like a foreign language to you? Do you try to delve a bit deeper into the numbers you’re seeing only to end up frustrated? Do you generally hate numbers and don’t even have the patience to try and understand your balance sheet? Well, you’ve come to the right place. See below to find out how to read a balance sheet. Cloud accounting systems now give you access to your balance sheet whenever, wherever, and it’s important to take a look a
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