Entries by Jordan Bevans

How to Build a Hiring Equation for Your Services Business

Every services founder we work with can describe the hire they regret. Usually it was made on utilisation. The team looked busy, the pipeline looked healthy enough, the conversation with the prospective hire went well, and the offer letter went out. Six months later, gross profit margin was down five to eight percentage points, cash […]

Cash vs Accrual Accounting for Not-for-Profits

One of the more consequential decisions a not-for-profit leader inherits is quietly the one the organisation thinks about least: which accounting method the books actually run on. Most executive officers and boards we meet never chose it deliberately. It was set in the early years, on the advice of whoever was configuring Xero at the […]

Cash vs Accrual Accounting for Architecture Firms

The accounting method an architecture firm runs on gets decided once, usually in the first year, usually by whoever set up the Xero file, and then it sits there unexamined while the practice grows around it. For a lot of firms that original call was cash basis, because cash basis is simple and a one-person […]

Cash vs Accrual Accounting for Creative Agencies

One of the more consequential decisions a creative agency founder will make in the first few years is quietly the one they think about least: which accounting method their books actually run on. Most agency founders we meet settled the question in month three, on the advice of whoever was setting up Xero for them […]