by Lisa Dickson | Jun 26, 2016 | Getting Started With Xero, Helpdesk, Xero
JUST STARTED ON XERO? It can be really daunting to set up your Xero account and then wonder what to do next. Here is our 10 step checklist that will walk you through your initial setup and check that your Xero account set up has been completed properly. Watch...
by Lisa Dickson | Mar 4, 2016 | Bookkeeping 101, Getting Started With Xero
This article focuses on the reconciliation of a messy supplier account – as this is a common problem we help clients to resolve. The same principle applies to a messy customer account. Messy supplier account reconciliations Sometimes, no matter how hard you try....
by Lisa Dickson | Jan 9, 2016 | Bookkeeping 101, Getting Started With Xero
The chart of accounts is a list of all the accounts used in the general ledger of your company. It creates the roadmap of your financial transactions. Getting this right (first time) will really help you know your numbers. You chart of accounts will include; Balance...
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 | Jan 3, 2015 | Bookkeeping 101, Getting Started With Xero, Helpdesk
We recommend that at every month end or at least once a quarter, you check your Accounts Payable and Receivable balances and verify that they are correct. If they are not – you could be under or overstating profits or losses, and you may not be accounting for...
