Accounting | Galablynx

Customizable Xero Reports You Need to Know to Supercharge Your Business

This article highlights the most essential Xero reports that can help users improve their financial knowledge of their business and make well-informed decisions. Whether you’re managing day-to-day operations or planning for the future, these reports will provide the clarity you need to enhance your company’s strategic decisions based on timely financial insights. What are Xero […]

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Corporate Income Tax UAE Summary for Small businesses

Corporate Income Tax UAE: What Small Businesses Need to Know

Accounting / Jachim Gobien

The following article provides a high-level overview of some of the most important provisions of the Corporate Income Tax UAE laws for small businesses. It is primarily based on: The latest version of the above guides can be downloaded from the Federal Tax Authority – Corporate Tax website. Corporate Income Tax UAE – Tax Rates

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ApprovalMax provides Xero with powerful approval-driven financial controls for Accounts Payable and Accounts Receivable. These controls help prevent errors, duplicate payments, fraud, and unnecessary spending.

What is ApprovalMax and how can it benefit small businesses?

Accounting, Management accounting / Jachim Gobien

In small businesses, efficient approval processes are crucial for maintaining financial control, ensuring accuracy, and establishing robust audit trails. This is where ApprovalMax comes into play. ApprovalMax is a powerful cloud-based solution designed to streamline and automate approval workflows for small businesses. It integrates seamlessly with popular accounting software like Xero and Quickbooks, providing a

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How to choose between straight-line depreciation and accelerated depreciation methods

Accounting, Financial planning / Jachim Gobien

Long-term assets, also known as non-current assets, are used to produce goods or to supply services, rentals, or administrative purposes. They can be tangible or intangible and are expected to benefit the company for over one year. The most common long-term assets for SMEs are: This article explains how long-term tangible assets can be depreciated

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