Amazon Seller Fees Synced to Xero

Amazon report integration Xero

Amazon Seller Fees Synced to Xero

These summaries detail every component involved in transactions, enabling straightforward bank reconciliations with just a single click. Every payout from Amazon is meticulously recorded, with details such as sales, refunds, fees, and VAT neatly summarized. Error Reduction in BookkeepingHuman error is a significant risk factor in any financial system, particularly one involving frequent and complex transactions. This detailed classification helps business owners understand exactly where their money is going and how different aspects of their operations affect their overall financial health. read about the best Amazon Seller Fees Synced to Xero The integration allows for each settlement to be categorized into sales, refunds, fees, VAT, and more. This modern approach not only saves considerable time but also improves overall efficiency in financial reporting. Regular audits of the automated entries are recommended to catch any discrepancies early on. This tool automates the synchronization of Amazon payout data directly into Xero, ensuring that every transaction matches the corresponding bank deposits for easy and accurate reconciliation. The summary invoice created by the integration tool matches exactly with the deposit received in your bank account.

By automatically syncing payout data from Amazon to Xero, these systems reduce the workload involved in breaking down settlements into various categories such as sales and VAT. Accurate bookkeeping supports better financial decision-making while freeing up valuable time that can be invested back into strategic planning and execution. Through automation and accurate reporting, businesses not only safeguard against financial mismanagement but also reclaim time to focus on expanding their commercial horizons.25. The automated system provided by Link My Books minimizes the time spent on bookkeeping, which typically consumes substantial amounts of time and resources. This invoice includes all necessary details like sales numbers, refunds issued, fees charged by Amazon, and importantly - VAT calculations. By automating these critical yet labor-intensive tasks within the realms of ecommerce bookkeeping, businesses are poised to grow while ensuring compliance with fiscal regulations. Without this check, discrepancies can go unnoticed, potentially leading to cash flow issues or errors in financial statements. As ecommerce continues to grow in complexity and scale, having a robust system that secures tax efficiency becomes invaluable.

The automation of these processes not only saves valuable administrative time but also enhances financial reporting accuracy. Automation not only minimizes errors but also saves considerable time that can be better utilized in other areas of the business. Every time a payout from Amazon is received, an invoice summarizing all financial activities-sales, refunds, fees-is automatically generated in Xero. As a round upThe transition from traditional bookkeeping methods towards integrated automated systems like Xero has proven transformative for many Amazon sellers across various niches. Ensuring Tax EfficiencyTax efficiency is another critical aspect seamlessly addressed by integrating Link My Books with Xero. The assurance of having accurately managed accounts means you can dedicate more time to strategic planning and less to worrying about financial discrepancies or bookkeeping obligations. This typically involves using a third-party tool like Link My Books, which facilitates the data synchronization automatically. Amazon Seller Fees Synced to Xero This precision eliminates the need for manual entries and reduces the chances of errors.

Time-Saving Tips for Managing Your Amazon Payouts in XeroAutomate Amazon Payout Data SyncIntegrating your Amazon payouts into Xero can be seamlessly managed by setting up an automation that syncs payout data directly. Automated systems like those integrating Amazon with Xero reduce the risk of human error considerably by handling calculations and data entry automatically. In effect this means,the future of ecommerce lies not just in expanding market reach but also enhancing backend efficiencies through technologies like Link My Books. The result matches perfectly with the bank deposit received, which facilitates effortless reconciliation-often reducible to just one click in Xero. Once set up, the system automatically syncs payout data from Amazon to Xero, eliminating manual data entry and reducing errors associated with human intervention. Reviewing and Reconciling AccountsThe final step involves regularly reviewing and reconciling the accounts in Xero to ensure accuracy in financial reporting. To put it short By leveraging technology to integrate Amazon selling platforms with Xero's robust accounting software, businesses simplify what was once a cumbersome set of tasks-ensuring accuracy, saving time, improving cash flow management, and ultimately facilitating better financial decision-making across all levels of operation. When Amazon payouts are received, a summary invoice is generated that mirrors the deposit received in the bank account exactly.

Link My Books for Amazon and Xero

By automating these processes, the likelihood of mistakes that can lead to serious fiscal penalties is greatly reduced. Integrations such as Amazon to Xero not only simplify complex processes but also support sustainable business practices by ensuring financial diligence and compliance are maintained effortlessly. Accurate bookkeeping facilitated by Amazon to Xero integration ensures that sellers are not only compliant but also optimizing their tax positions. This method provides a hands-on approach to managing sales, refunds, fees, and taxes such as VAT. With automated Amazon to Xero integrations like Link My Books handling your accounting tasks, errors are significantly minimized as everything runs on autopilot. This accuracy is essential for reliable financial reporting and decision-making.

The integration simplifies this by breaking down settlements directly in Xero. This categorization helps in maintaining clear and organized financial records, crucial for analyzing business performance over time. Detailed Breakdowns for Better ClarityEach payout from Amazon is accompanied by a detailed breakdown in Xero, thanks to specialized integration tools like Link My Books. This detailed breakdown helps business owners understand exactly where their money is going and how much tax they're obligated to pay or reclaim. This precise approach ensures that businesses remain compliant and optimize their tax positions effectively-potentially lowering tax liabilities through accurate reporting.

Configuring Your PreferencesOnce the connection is established, it's crucial to configure your settings according to your specific accounting needs.

Amazon Seller Fees Synced to Xero - Amazon report integration Xero

    By automating this aspect of finance management, ecommerce businesses can avoid common errors that might arise from manual data entry. Focus on Core Business ActivitiesThe automation of accounting processes allows ecommerce business owners to redirect their focus towards core activities such as market expansion and strategy refinement. Tax Efficiency Through Accurate ReportingNavigating through the intricacies of tax obligations requires precise bookkeeping. The Benefits of Automating Amazon FBA Bookkeeping with XeroAutomated SynchronizationLink My Books provides a seamless integration between Amazon FBA and Xero, automating the sync of Amazon payout data directly into your accounting software.

    This meticulous approach helps safeguard against common pitfalls such as incorrect VAT returns which could lead to legal complications or financial penalties. This automation ensures that every transaction from Amazon payouts-be it sales, refunds, or fees-is recorded without manual input. The Role of Automation in ReconciliationWith tools like Link My Books, Amazon sellers can automate the reconciliation process by syncing payout data directly into Xero. The seamless integration of Amazon to Xero ensures that every transaction is recorded without discrepancies. Single-Click ReconciliationOne of the biggest advantages of using Xero integrated with Amazon is the ease of reconciliation.

    Key Features of an Effective Amazon FBA and Xero Setup

    Detailed Breakdown of SettlementsThe key to accurate VAT reporting lies in the granularity of financial data. Confidence in Bookkeeping AccuracyAccuracy in bookkeeping is non-negotiable for tax efficiency and overall financial management. Streamlining Ecommerce Finances: From Amazon to Bank Reconciliation in XeroAutomation of Amazon Payout DataWhen managing an ecommerce business, it's crucial to have a system that seamlessly integrates your sales channels with your accounting software. Detailed Financial BreakdownsAn efficient integration provides detailed breakdowns of Amazon settlements into various categories like sales, refunds, fees, VAT, and more within Xero. Given that many Amazon sellers experience challenges with accurate accounting, leveraging such integrations can be crucial for maintaining compliance and optimizing tax outcomes. Case Studies: Success Stories from Sellers Who Switched to Automated AccountingStreamlining Operations with AutomationMany Amazon sellers have experienced significant benefits after integrating their accounts with automated accounting software like Xero. This shift not only helps in scaling up operations but also in maintaining a competitive edge in the marketplace. Enhanced Tax EfficiencyAccurate accounting practices are central to running a tax-efficient business operation.

    In effect this meansChoosing between manual and automated bookkeeping ultimately hinges on specific business needs; however, for most online businesses integrated solutions like Amazon-to-Xero provide substantial benefits that far outweigh initial setup costs. By switching to an automated system that syncs Amazon payout data directly into Xero, they managed to free up valuable time previously spent on cumbersome bookkeeping tasks. This level of detail is crucial for maintaining clear and precise financial records. You will need to authorize Link My Books to access both your Amazon Seller Central account and your Xero account. Each time you receive a payout, the software automatically syncs this data with Xero. With each Amazon settlement, tools like Link My Books dissect the incoming information into detailed components including sales, refunds, fees, and notably VAT. The integration of Xero into your Amazon operations ensures meticulous recording and processing of all transactions which minimizes human error significantly.

    In effect this meansAccurate bookkeeping through Amazon's integration with Xero doesn't just streamline accounting practices; it fundamentally transforms how businesses manage finances leading to better compliance, enhanced decision-making capabilities, and potential tax efficiencies. It involves matching your internal financial records against external records, such as bank statements or transaction reports from Amazon, to ensure accuracy in your finances. This precision gives businesses the confidence that they are operating within the legal framework set by tax authorities and reduces the risk associated with financial audits. Moreover, this automation reduces human error, ensuring a higher level of accuracy in financial reports. The process includes a detailed breakdown of all transactions, such as sales, refunds, fees, and VAT calculations. These mistakes might lead to paying excessive or insufficient taxes-both scenarios that can cause significant legal issues. Since all entries are meticulously recorded and categorized correctly by Link My Books upon each payout settlement from Amazon, businesses can approach their VAT returns or other tax obligations with confidence.

    It ensures that every transaction is accounted for correctly, leaving no room for discrepancies or human error. Particularly, the details regarding VAT are meticulously recorded, which plays a crucial role in maintaining tax compliance and simplifying the complexity associated with tax filings. Focusing on Business GrowthWith the mechanical aspects of accounts management handled by Link My Books, ecommerce entrepreneurs can redirect their focus towards scaling their operations and enhancing competitive advantages in the market. Common Bookkeeping Mistakes Amazon Sellers Make and How to Avoid ThemMisclassifying Expenses and IncomeOne of the most common mistakes Amazon sellers make in their bookkeeping is the misclassification of expenses and income.

    Amazon Seller Fees Synced to Xero - Track Amazon sales in Xero

    1. Connect Amazon with Xero
    2. Connect Amazon with Xero
    3. Connect Amazon with Xero
    This reliability is critical for business owners who need dependable reports for strategic planning and auditing purposes. Every transaction from sales to refunds and fees is accurately tracked and broken down for clarity. This precise matching simplifies the reconciliation process immensely.

    How to Break Down Settlement Reports into Actionable Financial Insights

    Efficient Reconciliation ProcessOne of the standout features of integrating Amazon with Xero is the simplification of the reconciliation process. Focus on Business GrowthFreeing up time from tedious accounting tasks allows business owners to focus more on strategic activities such as market expansion and customer engagement. Streamlined Operations and Cost EfficiencyAmazon accounting can be complex and time-consuming if done manually. Automated solutions like Link My Books ensure that every transaction is recorded precisely as it occurs without discrepancies, giving business owners peace of mind about the correctness of their financial statements. Enhanced Reconciliation ProcessesWith each Amazon payout, tools like Link My Books generate detailed summary invoices that break down financial activities into clear categories.

    Enhanced Tax Compliance and Error ReductionOne of the biggest challenges in managing an Amazon storefront is maintaining compliance with tax regulations. Detailed Breakdowns for Better InsightWith every Amazon payout, it's important to have a detailed financial breakdown. Not only does it streamline tedious accounting tasks and enhance accuracy through automation but also supports broader business objectives by freeing up valuable resources-both time and money-that can be better invested towards growth initiatives. These integrations do not just save time; they provide a framework for improved accuracy and reliability in financial reporting-crucial aspects that support informed decision-making and strategic planning for growth amidst fierce market competition.

    By embracing these automated solutions, businesses can ensure greater financial health and dedicate more resources to growth-oriented activities rather than routine financial management tasks. This precise alignment enables single-click reconciliation in Xero, streamlining one of the most tedious aspects of bookkeeping and ensuring that your financial records are always up-to-date. Focus on Business GrowthBy automating the most time-consuming aspects of bookkeeping, ecommerce entrepreneurs can redirect their focus towards scaling their operations and improving competitive positioning in the market. This removes the manual task of entering data, ensuring that every transaction from sales to refunds and fees is captured without human intervention.

    This integration ensures that every transaction from sales to refunds and fees is captured accurately in Xero. Accurate bookkeeping minimizes the risks associated with incorrect tax filings which can lead to legal issues or financial penalties. By syncing your Amazon payout data with Xero automatically, the system simplifies what used to be a complex part of business management. This not only prevents potential legal issues but also optimizes cash flow management.

    Amazon Seller Fees Synced to Xero - Track Amazon sales in Xero

    1. Amazon to Xero bookkeeping
    2. Connect Amazon with Xero
    3. Amazon to Xero bookkeeping


    Traditionally, ecommerce accounting demands meticulous attention to detail and can consume valuable time that could be better spent on growth activities or improving customer service. Ecommerce entrepreneurs can see precisely where money is being made and lost, which aids in better financial planning. The ability to generate accurate summary invoices matching the exact deposits received transformed their financial management and made reconciliation a breeze. Neglecting Regular Financial ReviewsLastly, some Amazon sellers may not conduct regular reviews of their financial health, which hampers strategic decision-making and may lead to undetected errors persisting over time. In effect this meansStreamlining ecommerce finances through effective integration between Amazon sales channels and Xero not only simplifies the entire accounting process but significantly boosts efficiency and accuracy. Accuracy and Confidence in BookkeepingGiven the complexity of Amazon transactions, having an automated system that assures accuracy is crucial for tax efficiency and compliance. With reliable tools handling the mundane tasks of breaking down Amazon payouts and populating them in Xero, business owners can concentrate on strategic decision-making and gaining a competitive edge in the marketplace. Automated processes ensure accuracy and free up resources allowing business owners to concentrate on growth rather than getting bogged down by complex accounting requirements.

    Every payout from Amazon generates a summary invoice in Xero that simplifies reconciliation to just a click, streamlining operations significantly. Such categorization helps business owners understand where money is being made and lost, enabling more informed decision-making. With precise accounting records kept through automated systems like Link My Books via Xero integration, sellers are better equipped to manage their taxation correctly-thus avoiding legal implications associated with incorrect VAT returns or tax payments. This clarity helps in maintaining precise financial records without additional hassle. By automating the transfer of payout data from Amazon FBA to Xero, businesses can ensure that every transaction is recorded without manual input. Potential Pitfalls in Manual AccountingManual handling of Amazon accounting can lead to significant mistakes; industry insights suggest that many sellers experience issues with their bookkeeping practices which could affect their VAT returns adversely. This robust solution not only saves time but also enhances accuracy in financial reporting-critical aspects that facilitate smoother operations and better fiscal health for ecommerce businesses operating on platforms like Amazon.

    You can see exactly where money is being made and spent. Streamlined Reconciliation ProcessReconciling your bank statements with bookkeeping records can often be a daunting task. What Every Ecommerce Entrepreneur Should Know About Financial ReconciliationUnderstanding the Basics of Financial ReconciliationFinancial reconciliation is a critical process for ecommerce entrepreneurs, especially those selling on platforms like Amazon. Awareness and understanding about these pitfalls through platforms handling thousands of seller accounts could prevent potential mishaps ensuring smoother operational flow. A common mistake is not accurately accounting for these taxes or missing deadlines for tax returns. Knowing that your financial records are being handled accurately and efficiently provides peace of mind and frees up time to focus on marketing strategies, product development, or customer engagement which are critical for business expansion. Focus on Business GrowthWith the accounting logistics taken care of, business owners can redirect their focus towards expanding their market presence and enhancing sales strategies.

    Integrating these tools with platforms like Xero not only simplifies financial management but also enhances overall business health through improved tax efficiency and error reduction. Understanding the Financial Impact of Accurate Amazon Bookkeeping in XeroStreamlined Data IntegrationIntegrating Amazon with Xero simplifies the accounting process significantly. Cost Reduction and Improved EfficiencyCost savings are among the top advantages reported by users of automated systems. For instance, mixing up personal expenses with business ones or incorrectly categorizing sales revenue versus refunds can skew your financial understanding of the business. This meticulous attention to detail helps prevent costly mistakes that could arise from incorrect VAT returns or other tax-related issues. It's about redefining practices that once consumed substantial time so that focus can shift towards scaling your business effectively while remaining compliant and efficient in financial management.24. Why Every Amazon Seller Should Consider Xero for AccountingStreamlined Financial OperationsFor Amazon sellers, managing finances can be cumbersome, especially considering the complexity of transactions that include sales, refunds, fees, and VAT obligations.

    Maximizing Tax Efficiency Through Amazon to Xero Integration

    Ignoring Tax ObligationsTax obligations can be complex for Amazon sellers due to different regulations across jurisdictions, especially concerning VAT. Such comprehensive data syncing not only minimizes human errors but also enhances the efficiency of financial reporting. When every Amazon payment generates a corresponding summary invoice in Xero that mirrors the actual bank deposit, reconciling accounts ceases to be a tedious task and instead becomes a single-click operation. As a round upNavigating through Amazon's complex accounting requirements becomes substantially less daunting when using tools like Link My Books for seamless integration with Xero. By leveraging these tools, businesses can ensure accuracy in their financial records, devote more time to growth strategies, manage taxes effectively, and ultimately position themselves strongly within competitive ecommerce landscapes.22. Since its inception in 2018, Link My Books has served over 8,000 Amazon sellers, many of whom previously encountered various bookkeeping errors before using the service. Tax Compliance and EfficiencyNavigating tax compliance effectively is crucial for avoiding legal pitfalls. As a round upIntegrating Amazon with Xero using platforms such as Link My Books transforms ecommerce finance management from a potential headache into a streamlined component of business strategy that supports growth and compliance simultaneously. The Ultimate Cheat Sheet on Syncing Payout Data from Amazon to XeroUnderstanding Amazon to Xero IntegrationLink My Books simplifies Amazon FBA accounting by setting up an automated system that syncs your Amazon payout data directly with Xero. By utilizing features within Xero and additional analytics tools, business owners can segment their data further to understand various elements like product profitability, return rates, and fee impacts.

    Link My Books ensures that your bookkeeping in Xero reflects true and fair values. Automated tools like Link My Books simplify this task by generating a clean summary invoice for each payout. Errors in bookkeeping can lead to incorrect VAT returns, resulting either in penalties or fiscal losses due to overpayment. These include improved accuracy in financial records essential for strategic decision-making and compliance with tax laws-all crucial for sustained growth and profitability in competitive markets.20. In effect this means adopting an integrated approach using tools that connect seamlessly with platforms like Xero will not only streamline your accounting processes but also safeguard against costly bookkeeping mistakes commonly made by Amazon sellers. Comprehensive Breakdown of Financial DataEach payout from Amazon is meticulously broken down by Link My Books into an easy-to-understand summary invoice. These automated summaries perfectly match the deposits made into a business's bank account, facilitating a simplified reconciliation process. The Impact on Time Management and Operational EfficiencyThe primary advantage offered by integrating Link My Books with Xero is the significant time saving for business owners. Automation not only saves valuable time but also reduces the likelihood of human error in accounting entries.

    The automated summaries provided should match bank deposits exactly, allowing for straightforward reconciliation processes within Xero. This automation ensures every transaction is recorded without manual intervention, reducing errors and saving valuable time that could otherwise be spent on strategic business activities. In effect this meansthe integration tools like those offered between Amazon and Xero present indispensable resources for any growing online retail business aiming to scale efficiently while maintaining rigorous financial order. For Amazon sellers, this means automating the process of syncing payout data directly into Xero. Enhanced Tax EfficiencyThe precision provided by an automated bookkeeping system plays a pivotal role in maintaining tax efficiency. As ecommerce continues to grow at unprecedented rates, having robust systems like these will become increasingly essential for maintaining competitive advantage and operational efficiency. Since its inception in 2018, Link My Books has assisted over 8,000 Amazon sellers, many of whom previously encountered frequent bookkeeping errors that could adversely affect their VAT returns. Overall Business Growth SupportUltimately, integrating Amazon FBA with Xero through efficient tools like Link My Books empowers business owners to focus on scaling their operations rather than getting bogged down by complex accounting tasks. Amazon report integration Xero This high level of accuracy minimizes the risk of errors that could lead to incorrect tax filings and potential legal issues.

    This clarity not only aids in better financial understanding but also streamlines the reconciliation process with bank deposits. This level of precision not only helps maintain clean financial records but also improves tax efficiency-potentially saving money that might otherwise be lost in incorrect tax filings or inefficient financial management practices. This integration means that every time you receive a payout from Amazon, the details are automatically transferred into Xero, eliminating the need for manual data entry. Detailed Financial BreakdownsEach Amazon payout triggers the creation of a detailed summary invoice within Xero. Link My Books excels by providing clean summary invoices that mirror each deposit received from Amazon. Automation minimizes human error, ensuring more accurate books and helping business owners comply with tax regulations effectively. Competitive Advantage through Data InsightsBeyond bookkeeping, advanced data analytics provide deep insights into business performance metrics such as sales trends, customer behavior, and product performance on Amazon. Link My Books addresses this challenge by automating much of the process which not only saves time but also cuts down on costs associated with manual entry or potential errors. The integration with Xero ensures that your financial data is meticulously recorded without discrepancies.

    Amazon Seller Fees Synced to Xero

    Accounting, also known as accountancy, is the process of recording and processing information about economic entities, such as businesses and corporations.[1][2] Accounting measures the results of an organization's economic activities and conveys this information to a variety of stakeholders, including investors, creditors, management, and regulators.[3] Practitioners of accounting are known as accountants. The terms "accounting" and "financial reporting" are often used interchangeably.[4]

    Accounting can be divided into several fields including financial accounting, management accounting, tax accounting and cost accounting.[5] Financial accounting focuses on the reporting of an organization's financial information, including the preparation of financial statements, to the external users of the information, such as investors, regulators and suppliers.[6] Management accounting focuses on the measurement, analysis and reporting of information for internal use by management to enhance business operations.[1][6] The recording of financial transactions, so that summaries of the financials may be presented in financial reports, is known as bookkeeping, of which double-entry bookkeeping is the most common system.[7] Accounting information systems are designed to support accounting functions and related activities.

    Accounting has existed in various forms and levels of sophistication throughout human history. The double-entry accounting system in use today was developed in medieval Europe, particularly in Venice, and is usually attributed to the Italian mathematician and Franciscan friar Luca Pacioli.[8] Today, accounting is facilitated by accounting organizations such as standard-setters, accounting firms and professional bodies. Financial statements are usually audited by accounting firms,[9] and are prepared in accordance with generally accepted accounting principles (GAAP).[6] GAAP is set by various standard-setting organizations such as the Financial Accounting Standards Board (FASB) in the United States[1] and the Financial Reporting Council in the United Kingdom. As of 2012, "all major economies" have plans to converge towards or adopt the International Financial Reporting Standards (IFRS).[10][11]

    History

    [edit]
    Portrait of Luca Pacioli, painted by Jacopo de' Barbari, 1495 (Museo di Capodimonte)

    Accounting is thousands of years old and can be traced to ancient civilizations.[12][13][14] One early development of accounting dates back to ancient Mesopotamia and is closely related to developments in writing, counting and money;[12] there is also evidence of early forms of bookkeeping in ancient Iran,[15][16] and early auditing systems by the ancient Egyptians and Babylonians.[13] By the time of Emperor Augustus, the Roman government had access to detailed financial information.[17]

    Many concepts related to today's accounting seem to be initiated in medieval's Middle East. For example, Jewish communities used double-entry bookkeeping in the early-medieval period[18][19] and Muslim societies, at least since the 10th century also used many modern accounting concepts.[20]

    The spread of the use of Arabic numerals, instead of the Roman numbers historically used in Europe, increased efficiency of accounting procedures among Mediterranean merchants,[21] who further refined accounting in medieval Europe.[22] With the development of joint-stock companies, accounting split into financial accounting and management accounting.

    The first published work on a double-entry bookkeeping system was the Summa de arithmetica, published in Italy in 1494 by Luca Pacioli (the "Father of Accounting").[23][24] Accounting began to transition into an organized profession in the nineteenth century,[25][26] with local professional bodies in England merging to form the Institute of Chartered Accountants in England and Wales in 1880.[27]

    Etymology

    [edit]
    Early 19th-century ledger

    Both the words "accounting" and "accountancy" were in use in Great Britain by the mid-1800s and are derived from the words accompting and accountantship used in the 18th century.[28] In Middle English (used roughly between the 12th and the late 15th century), the verb "to account" had the form accounten, which was derived from the Old French word aconter,[29] which is in turn related to the Vulgar Latin word computare, meaning "to reckon". The base of computare is putare, which "variously meant to prune, to purify, to correct an account, hence, to count or calculate, as well as to think".[29]

    The word "accountant" is derived from the French word compter, which is also derived from the Italian and Latin word computare. The word was formerly written in English as "accomptant", but in process of time the word, which was always pronounced by dropping the "p", became gradually changed both in pronunciation and in orthography to its present form.[30]

    Terminology

    [edit]

    Accounting has variously been defined as the keeping or preparation of the financial records of transactions of the firm, the analysis, verification and reporting of such records and "the principles and procedures of accounting"; it also refers to the job of being an accountant.[31][32][33]

    Accountancy refers to the occupation or profession of an accountant,[34][35][36] particularly in British English.[31][32]

    Topics

    [edit]

    Accounting has several subfields or subject areas, including financial accounting, management accounting, auditing, taxation and accounting information systems.[5]

    Financial accounting

    [edit]

    Financial accounting focuses on the reporting of an organization's financial information to external users of the information, such as investors, potential investors and creditors. It calculates and records business transactions and prepares financial statements for the external users in accordance with generally accepted accounting principles (GAAP).[6] GAAP, in turn, arises from the wide agreement between accounting theory and practice, and changes over time to meet the needs of decision-makers.[1]

    Financial accounting produces past-oriented reports—for example financial statements are often published six to ten months after the end of the accounting period—on an annual or quarterly basis, generally about the organization as a whole.[6]

    Management accounting

    [edit]

    Management accounting focuses on the measurement, analysis and reporting of information that can help managers in making decisions to fulfill the goals of an organization. In management accounting, internal measures and reports are based on cost–benefit analysis, and are not required to follow the generally accepted accounting principle (GAAP).[6] In 2014 CIMA created the Global Management Accounting Principles (GMAPs). The result of research from across 20 countries in five continents, the principles aim to guide best practice in the discipline.[37]

    Management accounting produces past-oriented reports with time spans that vary widely, but it also encompasses future-oriented reports such as budgets. Management accounting reports often include financial and non financial information, and may, for example, focus on specific products and departments.[6]

    Intercompany accounting

    [edit]

    Intercompany accounting focuses on the measurement, analysis and reporting of information between separate entities that are related, such as a parent company and its subsidiary companies. Intercompany accounting concerns record keeping of transactions between companies that have common ownership such as a parent company and a partially or wholly owned subsidiary. Intercompany transactions are also recorded in accounting when business is transacted between companies with a common parent company (subsidiaries).[38][39]

    Auditing

    [edit]

    Auditing is the verification of assertions made by others regarding a payoff,[40] and in the context of accounting it is the "unbiased examination and evaluation of the financial statements of an organization".[41] Audit is a professional service that is systematic and conventional.[42]

    An audit of financial statements aims to express or disclaim an independent opinion on the financial statements. The auditor expresses an independent opinion on the fairness with which the financial statements presents the financial position, results of operations, and cash flows of an entity, in accordance with the generally accepted accounting principles (GAAP) and "in all material respects". An auditor is also required to identify circumstances in which the generally accepted accounting principles (GAAP) have not been consistently observed.[43]

    Information systems

    [edit]

    An accounting information system is a part of an organization's information system used for processing accounting data.[44] Many corporations use artificial intelligence-based information systems. The banking and finance industry uses AI in fraud detection. The retail industry uses AI for customer services. AI is also used in the cybersecurity industry. It involves computer hardware and software systems using statistics and modeling.[45]

    Many accounting practices have been simplified with the help of accounting computer-based software. An enterprise resource planning (ERP) system is commonly used for a large organisation and it provides a comprehensive, centralized, integrated source of information that companies can use to manage all major business processes, from purchasing to manufacturing to human resources. These systems can be cloud based and available on demand via application or browser, or available as software installed on specific computers or local servers, often referred to as on-premise.

    Tax accounting

    [edit]

    Tax accounting in the United States concentrates on the preparation, analysis and presentation of tax payments and tax returns. The U.S. tax system requires the use of specialised accounting principles for tax purposes which can differ from the generally accepted accounting principles (GAAP) for financial reporting.[46] U.S. tax law covers four basic forms of business ownership: sole proprietorship, partnership, corporation, and limited liability company. Corporate and personal income are taxed at different rates, both varying according to income levels and including varying marginal rates (taxed on each additional dollar of income) and average rates (set as a percentage of overall income).[46]

    Forensic accounting

    [edit]

    Forensic accounting is a specialty practice area of accounting that describes engagements that result from actual or anticipated disputes or litigation.[47] "Forensic" means "suitable for use in a court of law", and it is to that standard and potential outcome that forensic accountants generally have to work.

    Political campaign accounting

    [edit]

    Political campaign accounting deals with the development and implementation of financial systems and the accounting of financial transactions in compliance with laws governing political campaign operations. This branch of accounting was first formally introduced in the March 1976 issue of The Journal of Accountancy.[48]

    Organizations

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    Professional bodies

    [edit]

    Professional accounting bodies include the American Institute of Certified Public Accountants (AICPA) and the other 179 members of the International Federation of Accountants (IFAC),[49] including Institute of Chartered Accountants of Scotland (ICAS), Institute of Chartered Accountants of Pakistan (ICAP), CPA Australia, Institute of Chartered Accountants of India, Association of Chartered Certified Accountants (ACCA) and Institute of Chartered Accountants in England and Wales (ICAEW). Some countries have a single professional accounting body and, in some other countries, professional bodies for subfields of the accounting professions also exist, for example the Chartered Institute of Management Accountants (CIMA) in the UK and Institute of management accountants in the United States.[50] Many of these professional bodies offer education and training including qualification and administration for various accounting designations, such as certified public accountant (AICPA) and chartered accountant.[51][52]

    Firms

    [edit]

    Depending on its size, a company may be legally required to have their financial statements audited by a qualified auditor, and audits are usually carried out by accounting firms.[9]

    Accounting firms grew in the United States and Europe in the late nineteenth and early twentieth century, and through several mergers there were large international accounting firms by the mid-twentieth century. Further large mergers in the late twentieth century led to the dominance of the auditing market by the "Big Five" accounting firms: Arthur Andersen, Deloitte, Ernst & Young, KPMG and PricewaterhouseCoopers.[53] The demise of Arthur Andersen following the Enron scandal reduced the Big Five to the Big Four.[54]

    Standard-setters

    [edit]

    Generally accepted accounting principles (GAAP) are accounting standards issued by national regulatory bodies. In addition, the International Accounting Standards Board (IASB) issues the International Financial Reporting Standards (IFRS) implemented by 147 countries.[1] Standards for international audit and assurance, ethics, education, and public sector accounting are all set by independent standard settings boards supported by IFAC. The International Auditing and Assurance Standards Board sets international standards for auditing, assurance, and quality control; the International Ethics Standards Board for Accountants (IESBA) [55] sets the internationally appropriate principles-based Code of Ethics for Professional Accountants; the International Accounting Education Standards Board (IAESB) sets professional accounting education standards;[56] and International Public Sector Accounting Standards Board (IPSASB) sets accrual-based international public sector accounting standards.[57][4]

    Organizations in individual countries may issue accounting standards unique to the countries. For example, in Australia, the Australian Accounting Standards Board manages the issuance of the accounting standards in line with IFRS. In the United States the Financial Accounting Standards Board (FASB) issues the Statements of Financial Accounting Standards, which form the basis of US GAAP,[1] and in the United Kingdom the Financial Reporting Council (FRC) sets accounting standards.[58] However, as of 2012 "all major economies" have plans to converge towards or adopt the IFRS.[10]

    Education, training and qualifications

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    Degrees

    [edit]

    At least a bachelor's degree in accounting or a related field is required for most accountant and auditor job positions, and some employers prefer applicants with a master's degree.[59] A degree in accounting may also be required for, or may be used to fulfill the requirements for, membership to professional accounting bodies. For example, the education during an accounting degree can be used to fulfill the American Institute of CPA's (AICPA) 150 semester hour requirement,[60] and associate membership with the Certified Public Accountants Association of the UK is available after gaining a degree in finance or accounting.[61]

    A doctorate is required in order to pursue a career in accounting academia, for example, to work as a university professor in accounting.[62][63] The Doctor of Philosophy (PhD) and the Doctor of Business Administration (DBA) are the most popular degrees. The PhD is the most common degree for those wishing to pursue a career in academia, while DBA programs generally focus on equipping business executives for business or public careers requiring research skills and qualifications.[62]

    Professional qualifications

    [edit]

    Professional accounting qualifications include the chartered accountant designations and other qualifications including certificates and diplomas.[64] In Scotland, chartered accountants of ICAS undergo Continuous Professional Development and abide by the ICAS code of ethics.[65] In England and Wales, chartered accountants of the ICAEW undergo annual training, and are bound by the ICAEW's code of ethics and subject to its disciplinary procedures.[66]

    In the United States, the requirements for joining the AICPA as a Certified Public Accountant are set by the Board of Accountancy of each state, and members agree to abide by the AICPA's Code of Professional Conduct and Bylaws.

    The ACCA is the largest global accountancy body with over 320,000 members, and the organisation provides an 'IFRS stream' and a 'UK stream'. Students must pass a total of 14 exams, which are arranged across three levels.[67]

    Research

    [edit]

    Accounting research is research in the effects of economic events on the process of accounting, the effects of reported information on economic events, and the roles of accounting in organizations and society.[68][69] It encompasses a broad range of research areas including financial accounting, management accounting, auditing and taxation.[70]

    Accounting research is carried out both by academic researchers and practicing accountants. Methodologies in academic accounting research include archival research, which examines "objective data collected from repositories"; experimental research, which examines data "the researcher gathered by administering treatments to subjects"; analytical research, which is "based on the act of formally modeling theories or substantiating ideas in mathematical terms"; interpretive research, which emphasizes the role of language, interpretation and understanding in accounting practice, "highlighting the symbolic structures and taken-for-granted themes which pattern the world in distinct ways"; critical research, which emphasizes the role of power and conflict in accounting practice; case studies; computer simulation; and field research.[71][72]

    Empirical studies document that leading accounting journals publish in total fewer research articles than comparable journals in economics and other business disciplines,[73] and consequently, accounting scholars[74] are relatively less successful in academic publishing than their business school peers.[75] Due to different publication rates between accounting and other business disciplines, a recent study based on academic author rankings concludes that the competitive value of a single publication in a top-ranked journal is highest in accounting and lowest in marketing.[76]

    Scandals

    [edit]

    The year 2001 witnessed a series of financial information frauds involving Enron, auditing firm Arthur Andersen, the telecommunications company WorldCom, Qwest and Sunbeam, among other well-known corporations. These problems highlighted the need to review the effectiveness of accounting standards, auditing regulations and corporate governance principles. In some cases, management manipulated the figures shown in financial reports to indicate a better economic performance. In others, tax and regulatory incentives encouraged over-leveraging of companies and decisions to bear extraordinary and unjustified risk.[77]

    The Enron scandal deeply influenced the development of new regulations to improve the reliability of financial reporting, and increased public awareness about the importance of having accounting standards that show the financial reality of companies and the objectivity and independence of auditing firms.[77]

    In addition to being the largest bankruptcy reorganization in American history, the Enron scandal undoubtedly is the biggest audit failure[78] causing the dissolution of Arthur Andersen, which at the time was one of the five largest accounting firms in the world. After a series of revelations involving irregular accounting procedures conducted throughout the 1990s, Enron filed for Chapter 11 bankruptcy protection in December 2001.[79]

    One consequence of these events was the passage of the Sarbanes–Oxley Act in the United States in 2002, as a result of the first admissions of fraudulent behavior made by Enron. The act significantly raises criminal penalties for securities fraud, for destroying, altering or fabricating records in federal investigations or any scheme or attempt to defraud shareholders.[80]

    Fraud and error

    [edit]

    Accounting fraud is an intentional misstatement or omission in the accounting records by management or employees which involves the use of deception. It is a criminal act and a breach of civil tort. It may involve collusion with third parties.[81]

    An accounting error is an unintentional misstatement or omission in the accounting records, for example misinterpretation of facts, mistakes in processing data, or oversights leading to incorrect estimates.[81] Acts leading to accounting errors are not criminal but may breach civil law, for example, the tort of negligence.

    The primary responsibility for the prevention and detection of fraud and errors rests with the entity's management.[81]

    See also

    [edit]
    • Accounting information system
    • Accounting records

    References

    [edit]
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    81. ^ a b c 2018 Handbook of International Quality Control, Auditing, Review, Other Assurance, and Related Services Pronouncements, The International Auditing and Assurance Standards Board, December 2018
    [edit]
    • Library resources in your library and in other libraries about accounting
    • Operations Research in Accounting on the Institute for Operations Research and the Management Sciences website

    Vat or VAT may refer to:

    Container

    [edit]
    • Barrel for alcoholic beverage or other liquid

    Economics

    [edit]
    • Value-added tax, a consumption tax levied on value added
      • VAT identification number
      • Value Added Tax (United Kingdom)

    Places

    [edit]
    • Vatican City, ISO country code VAT
    • Vát, a village in Hungary

    Other uses

    [edit]
    • Vat 69, a Scotch blended whisky
    • VAT 69 Commando, elite special forces of the Royal Malaysian Police
    • Vanajan Autotehdas (VAT), former heavy vehicle producer in Finland
    • Veterans Against Terrorism, UK political advocacy group
    • Virtual Allocation Table, a component of the Universal Disk Format

    See also

    [edit]
    • Vats (disambiguation)
    • All pages with titles beginning with Vat
    • All pages with titles containing Vat

    Portrait of the Italian Luca Pacioli, painted by Jacopo de' Barbari, 1495, (Museo di Capodimonte). Pacioli is regarded as the Father of Accounting.

    Bookkeeping is the recording of financial transactions, and is part of the process of accounting in business and other organizations.[1] It involves preparing source documents for all transactions, operations, and other events of a business. Transactions include purchases, sales, receipts and payments by an individual person, organization or corporation. There are several standard methods of bookkeeping, including the single-entry and double-entry bookkeeping systems. While these may be viewed as "real" bookkeeping, any process for recording financial transactions is a bookkeeping process.

    The person in an organisation who is employed to perform bookkeeping functions is usually called the bookkeeper (or book-keeper). They usually write the daybooks (which contain records of sales, purchases, receipts, and payments), and document each financial transaction, whether cash or credit, into the correct daybook—that is, petty cash book, suppliers ledger, customer ledger, etc.—and the general ledger. Thereafter, an accountant can create financial reports from the information recorded by the bookkeeper. The bookkeeper brings the books to the trial balance stage, from which an accountant may prepare financial reports for the organisation, such as the income statement and balance sheet.

    History

    [edit]

    The origin of book-keeping is lost in obscurity, but recent research indicates that methods of keeping accounts have existed from the remotest times of human life in cities. Babylonian records written with styli on small slabs of clay have been found dating to 2600 BC.[2] Mesopotamian bookkeepers kept records on clay tablets that may date back as far as 7,000 years. Use of the modern double entry bookkeeping system was described by Luca Pacioli in 1494.[3]

    The term "waste book" was used in colonial America, referring to the documenting of daily transactions of receipts and expenditures. Records were made in chronological order, and for temporary use only. Daily records were then transferred to a daybook or account ledger to balance the accounts and to create a permanent journal; then the waste book could be discarded, hence the name.[4]

    Process

    [edit]

    The primary purpose of bookkeeping is to record the financial effects of transactions. An important difference between a manual and an electronic accounting system is the former's latency between the recording of a financial transaction and its posting in the relevant account. This delay, which is absent in electronic accounting systems due to nearly instantaneous posting to relevant accounts, is characteristic of manual systems, and gave rise to the primary books of accounts—cash book, purchase book, sales book, etc.—for immediately documenting a financial transaction.

    In the normal course of business, a document is produced each time a transaction occurs. Sales and purchases usually have invoices or receipts. Historically, deposit slips were produced when lodgements (deposits) were made to a bank account; and checks (spelled "cheques" in the UK and several other countries) were written to pay money out of the account. Nowadays such transactions are mostly made electronically. Bookkeeping first involves recording the details of all of these source documents into multi-column journals (also known as books of first entry or daybooks). For example, all credit sales are recorded in the sales journal; all cash payments are recorded in the cash payments journal. Each column in a journal normally corresponds to an account. In the single entry system, each transaction is recorded only once. Most individuals who balance their check-book each month are using such a system, and most personal-finance software follows this approach.

    After a certain period, typically a month, each column in each journal is totalled to give a summary for that period. Using the rules of double-entry, these journal summaries are then transferred to their respective accounts in the ledger, or account book. For example, the entries in the Sales Journal are taken and a debit entry is made in each customer's account (showing that the customer now owes us money), and a credit entry might be made in the account for "Sale of class 2 widgets" (showing that this activity has generated revenue for us). This process of transferring summaries or individual transactions to the ledger is called posting. Once the posting process is complete, accounts kept using the "T" format (debits on the left side of the "T" and credits on the right side) undergo balancing, which is simply a process to arrive at the balance of the account.

    As a partial check that the posting process was done correctly, a working document called an unadjusted trial balance is created. In its simplest form, this is a three-column list. Column One contains the names of those accounts in the ledger which have a non-zero balance. If an account has a debit balance, the balance amount is copied into Column Two (the debit column); if an account has a credit balance, the amount is copied into Column Three (the credit column). The debit column is then totalled, and then the credit column is totalled. The two totals must agree—which is not by chance—because under the double-entry rules, whenever there is a posting, the debits of the posting equal the credits of the posting. If the two totals do not agree, an error has been made, either in the journals or during the posting process. The error must be located and rectified, and the totals of the debit column and the credit column recalculated to check for agreement before any further processing can take place.

    Once the accounts balance, the accountant makes a number of adjustments and changes the balance amounts of some of the accounts. These adjustments must still obey the double-entry rule: for example, the inventory account and asset account might be changed to bring them into line with the actual numbers counted during a stocktake. At the same time, the expense account associated with use of inventory is adjusted by an equal and opposite amount. Other adjustments such as posting depreciation and prepayments are also done at this time. This results in a listing called the adjusted trial balance. It is the accounts in this list, and their corresponding debit or credit balances, that are used to prepare the financial statements.

    Finally financial statements are drawn from the trial balance, which may include:

    • the income statement, also known as the statement of financial results, profit and loss account, or P&L
    • the balance sheet, also known as the statement of financial position
    • the cash flow statement
    • the statement of changes in equity, also known as the statement of total recognised gains and losses

    Single-entry system

    [edit]

    The primary bookkeeping record in single-entry bookkeeping is the cash book, which is similar to a checking account register (in UK: cheque account, current account), except all entries are allocated among several categories of income and expense accounts. Separate account records are maintained for petty cash, accounts payable and accounts receivable, and other relevant transactions such as inventory and travel expenses. To save time and avoid the errors of manual calculations, single-entry bookkeeping can be done today with do-it-yourself bookkeeping software.

    Double-entry system

    [edit]

    A double-entry bookkeeping system is a set of rules for recording financial information in a financial accounting system in which every transaction or event changes at least two different ledger accounts.

    Daybooks

    [edit]

    A daybook is a descriptive and chronological (diary-like) record of day-to-day financial transactions; it is also called a book of original entry. The daybook's details must be transcribed formally into journals to enable posting to ledgers. Daybooks include:

    • Sales daybook, for recording sales invoices.
    • Sales credits daybook, for recording sales credit notes.
    • Purchases daybook, for recording purchase invoices.
    • Purchases debits daybook, for recording purchase debit notes.
    • Cash daybook, usually known as the cash book, for recording all monies received and all monies paid out. It may be split into two daybooks: a receipts daybook documenting every money-amount received, and a payments daybook recording every payment made.
    • General Journal daybook, for recording journal entries.

    Petty cash book

    [edit]

    A petty cash book is a record of small-value purchases before they are later transferred to the ledger and final accounts; it is maintained by a petty or junior cashier. This type of cash book usually uses the imprest system: a certain amount of money is provided to the petty cashier by the senior cashier. This money is to cater for minor expenditures (hospitality, minor stationery, casual postage, and so on) and is reimbursed periodically on satisfactory explanation of how it was spent. The balance of petty cash book is Asset.

    Journals

    [edit]

    Journals are recorded in the general journal daybook. A journal is a formal and chronological record of financial transactions before their values are accounted for in the general ledger as debits and credits. A company can maintain one journal for all transactions, or keep several journals based on similar activity (e.g., sales, cash receipts, revenue, etc.), making transactions easier to summarize and reference later. For every debit journal entry recorded, there must be an equivalent credit journal entry to maintain a balanced accounting equation.[5][6]

    Ledgers

    [edit]

    A ledger is a record of accounts. The ledger is a permanent summary of all amounts entered in supporting Journals which list individual transactions by date. These accounts are recorded separately, showing their beginning/ending balance. A journal lists financial transactions in chronological order, without showing their balance but showing how much is going to be entered in each account. A ledger takes each financial transaction from the journal and records it into the corresponding accounts. The ledger also determines the balance of every account, which is transferred into the balance sheet or the income statement. There are three different kinds of ledgers that deal with book-keeping:

    • Sales ledger, which deals mostly with the accounts receivable account. This ledger consists of the records of the financial transactions made by customers to the business.
    • Purchase ledger is the record of the company's purchasing transactions; it goes hand in hand with the Accounts Payable account.
    • General ledger, representing the original five, main accounts: assets, liabilities, equity, income, and expenses.

    Abbreviations used in bookkeeping

    [edit]
    • A/c or Acc – Account
    • A/R – Accounts receivable
    • A/P – Accounts payable
    • B/S – Balance sheet
    • c/d – Carried down
    • b/d – Brought down
    • c/f – Carried forward
    • b/f – Brought forward
    • Dr – Debit side of a ledger. "Dr" stands for "Debit register"
    • Cr – Credit side of a ledger. "Cr" stands for "Credit register"
    • G/L – General ledger; (or N/L – nominal ledger)
    • PL – Profit and loss; (or I/S – income statement)
    • P/L – Purchase Ledger (Accounts payable)
    • P/R – Payroll
    • PP&E – Property, plant and equipment
    • S/L - Sales Ledger (Accounts receivable)
    • TB – Trial Balance
    • GST – Goods and services tax
    • SGST – State goods & service tax
    • CGST – Central goods & service tax
    • IGST- integrated goods & service tax
    • VAT – Value added tax
    • CST – Central sale tax
    • TDS – Tax deducted at source
    • AMT – Alternate minimum tax
    • EBT – Earnings before tax
    • EAT – Earnings after tax
    • PAT – Profit after tax
    • PBT – Profit before tax
    • Dep or Depr – Depreciation
    • CPO – Cash paid out
    • CP - Cash Payment
    • w.e.f. - with effect from
    • @ - at the rate of
    • L/F – ledger folio
    • J/F – Journal Folio
    • M/s- Messrs Account
    • Co- Company
    • V/N or V.no. – voucher number
    • In no -invoice Number

    Chart of accounts

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    A chart of accounts is a list of the accounts codes that can be identified with numeric, alphabetical, or alphanumeric codes allowing the account to be located in the general ledger. The equity section of the chart of accounts is based on the fact that the legal structure of the entity is of a particular legal type. Possibilities include sole trader, partnership, trust, and company.[7]

    Computerized bookkeeping

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    Computerized bookkeeping removes many of the paper "books" that are used to record the financial transactions of a business entity; instead, relational databases are used today, but typically, these still enforce the norms of bookkeeping including the single-entry and double-entry bookkeeping systems. Certified Public Accountants (CPAs) supervise the internal controls for computerized bookkeeping systems, which serve to minimize errors in documenting the numerous activities a business entity may initiate or complete over an accounting period.

    See also

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    • Accounting
    • Comparison of accounting software
    • POS system: records sales and updates stock levels
    • Bookkeeping Associations
    • coordinate bookkeeper

    References

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    1. ^ Weygandt; Kieso; Kimmel (2003). Financial Accounting. Susan Elbe. p. 6. ISBN 0-471-07241-9.
    2. ^ Chisholm, Hugh, ed. (1911). "Book-Keeping" . Encyclopædia Britannica. Vol. 4 (11th ed.). Cambridge University Press. p. 225.
    3. ^ "History of Accounting". Fremont University. Retrieved 2022-07-15.
    4. ^ "Pittsburgh Waste Book and Fort Pitt Trading Post Papers". Guides to Archives and Manuscript Collections at the University of Pittsburgh Library System. Retrieved 2015-09-04.
    5. ^ Haber, Jeffry (2004). Accounting Demystified. New York: AMACOM. p. 15. ISBN 0-8144-0790-0.
    6. ^ Raza, SyedA. Accountants Information. p. Accountant in Milton Keynes.
    7. ^ Marsden,Stephen (2008). Australian Master Bookkeepers Guide. Sydney: CCH ISBN 978-1-921593-57-4
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    • "Book-Keeping" . Encyclopædia Britannica. Vol. IV (9th ed.). 1878. pp. 44–47.
    • Guide to the Account Book from Italy 1515–1520

    Xero may refer to:

    • Xero (band), an Australian punk band
    • Xero (company), a New Zealand financial software company
    • Xero (film), an experimental 2010 German film
    • Xero (Linkin Park), an early name for the band Linkin Park, as well as a demo tape of the same name
    • Xero (SF fanzine), American fanzine published from 1960 to 1963
    • Xero (comics), comic book series and superhero created by Christopher Priest and ChrisCross
    • Xero Shoes, a brand of minimalist footwear

    See also

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    • Xeros (disambiguation)
    • Zero (disambiguation)