by Lisa Dickson | Apr 8, 2015 | Uncategorized
On occasion, your perfectly behaved Xero bank rules will stop working. Not usually because of anything you have done, but often because the banks have updated their data export schemas or the supplier has changed one of the references on your payment. Here is an...
by Lisa Dickson | Apr 8, 2015 | Getting Started With Xero, Helpdesk, Xero
It’s good practice to compare your statement balance in Xero to your online or paper statement balance (your actual bank balance) at least once a quarter – once a month if you manually import bank transactions. The two balances should match each other for...
by Lisa Dickson | Apr 7, 2015 | Bookkeeping 101, Payroll, Small Business Accounts
If you are running payroll for your accounts. Whether it is for Director’s or for Staff you should be entering in the relevant costs and liabilities into the accounts. We create a payroll journal so we can see the relevant cost of the payroll in the Profit and...
by Lisa Dickson | Apr 7, 2015 | Bookkeeping 101, Payroll, Small Business Accounts
Holiday accruals are where you earn holiday entitlement based on the number of hours you work. Perfect for employees who have irregular hours. So how is your holiday entitlement calculated? 1) For every hour you work you earn a percentage of your pay rate towards...
by Lisa Dickson | Apr 7, 2015 | Bookkeeping 101, Payroll
If you have staff or pay yourself a director’s salary it is important to use a payroll software which is HMRC compliant. Your payroll will show a Gross payment to each staff member and will deduct tax and national insurance to give a Net figure. The following...
