When you work as a freelancer, employers who are on top of their accounting game will always ask you for a signed W-9 form before they pay you the first time. Most freelancers just use their Social Security number as their tax ID number on the W-9. This is a big mistake, unless you really, really trust the company you’re working for.
Last night, I had the privilege of joining the Xero team at Santa Monica New Tech, a group of entrepreneurs who get together to showcase new technology and network. I spoke a bit about what make’s Xero a great fit for U.S. startups looking for an accounting software solution. Here’s what I had to say.
If you're a business owner setting up payroll, you might be wondering, "How often should I pay my employees"? Twice a month and every two weeks are the most common. Just about everyone has worked a job where he or she got paid every other week. But that's not a good reason to stick with it. If given the choice, you should always choose every week. Here's why...
Great post from Randy Johnston interpreting Intuit's vision for online accounting from the presentation at QB Connect 2014.
I recently discovered that Xero is displaying incorrect values for three key ratios in the Executive Summary report. The issue does not appear to be affecting all Xero accounts. To be safe, I recommend that all Xero advisors double-check the ratios in the Executive Summary report by exporting to Excel first before publishing PDF reports.
![Xero + QBO share just 2% market penetration in U.S. accounting software [chart]](https://images.squarespace-cdn.com/content/v1/5437534fe4b063c91fba5659/1413251404208-SE5IJABBENIXQBIHWWOX/image-asset.png)