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Frequently asked questions

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The Beginner’s Guide To Using Xero Accounting

The Beginner’s Guide To Using Xero Accounting

April 19, 2021
Bill Kimball

One of the trickiest things business owners find about moving their accounting to Xero is the actual move itself. Moving over from spreadsheets and ledgers, or even other accountancy software like Sage can be a bit confounding, especially as accountancy admin is more of a chore than an exciting part of your business day to day.
In July, 2017 …

Approving Invoices To Xero As Draft Or Awaiting Approval

Approving Invoices To Xero As Draft Or Awaiting Approval

April 16, 2021
Bill Kimball

Flexible user roles I’m 100% sure will be done in the future, but it’s is such a huge thing, they would probably have to stop all other development and testing for half a year to get it out the door. I really hope you didn’t dedicate a lot of developer time to this, because if you did it shows you’ve kind of fallen …

Reporting In Xero

Reporting In Xero

April 16, 2021
Bill Kimball

Keep in mind that a partner can’t be paid a salary, but a partner may be paid a guaranteed payment for services rendered to the partnership. Like a salary, a guaranteed payment is reported to the partner, and the partner pays income tax on the payment.
As a business owner, it’s important to have a handle on this because this …

This Is How Xero Bacs Payments Work

This Is How Xero Bacs Payments Work

April 15, 2021
Bill Kimball

Having looked in to it a bit further I think they will sit in the intangibles account and be treat as a Fixed asset. In my current system it is treated as a “goodwill” asset, i just want to be sure that this is correct before adding in the balance.
Thanks to this forum, I was able to problem solve my aba file upload issue. how do …

Reconcile Payroll Payment Transactions

Reconcile Payroll Payment Transactions

April 14, 2021
Bill Kimball

At this time you can only attach additional documents in Training. If you’d like to pass your feedback on to our Product team, you can click the “Help” menu in Deputy, then select “Feature suggestions”.

Please note that if you re-sync the rates, you will also need to unapprove and re-approve your timesheets for …

Editing And Deleting Invoices And Bills In Xero

Editing And Deleting Invoices

April 13, 2021
Bill Kimball

Which means there is no logging into your bank to try and figure out which checks match the total deposit. Once you click deposit—all 3 invoices are marked as paid and now Xero will be looking for a $1960.55 deposit to clear the bank. Each day you get a check or checks from customers to pay their invoice.
When the client approves the job and …