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How to Update Bank Account Details in Xero
It’s easy to change your business bank account details on Xero invoices and other documents. This will likely include adding a new bank account on the dashboard with a new bank feed, as well as…
Xero Tips and Tricks: 9 Underutilised Xero Hacks
Some features of Xero that are often overlooked are sometimes the greatest value in reducing wasted time, stress and errors. Here’s my list. 1. Using Multiple Tabs This in not…
Tips for Advanced Invoice and other Document Templates
Here are my top troubleshooting tips for common issues with Advanced Invoice Templates in Xero. Inlcudes Invoice / Quote / Statement / Packing Slip / Credit Notes. Use a Table Format for the…
Owner's Equity, Funds Introduced and Drawings in Xero
Before I completed the Diploma in Accounting a few years ago now, I always found it confusing to understand what Owner’s Equity is, as well as the meaning of Funds Introduced and Drawings. I’m still…
How to reconcile in Xero
What is reconciling? Before I completed any formal bookkeeping training, I still remember feeling confused about the word Reconciling. Add to this that Xero makes it very easy, sometimes…
How to reconcile a refund paid in Xero
A common question from newer Xero users is how to reconcile where an invoice is issued and payment received and reconciled – then at a later date a credit is issued on the invoice and a refund made.…
5 signs of a healthy financial system in your small business
I work with a lot of businesses. Every day I’m working with small business to help them find the best ways to optimise their software. It’s not rocket science, we are talking pretty much Xero,…
Stripe and Xero: Should You Use Stripe for Payments from Your International Clients?
Many NZ businesses are using or considering using Stripe as an option for receiving payments from overseas clients. Here are some suggestions from our experience integrating Stripe with Xero.…
Using Xero Inventory for the Management of Raw Materials
Inventory is a feature of Xero at no additional cost, and can be suitable for smaller businesses who need stock control but cannot justify the expense and complexity of a 3rd party stock control…
What is the Difference Between Holiday Pay and Annual Leave?
In NZ employees are entitled to Annual Leave after 12 months employment and every 12 months after that, while Holiday Pay generally accrues as 8% of gross pay in $ every pay period. Up until the…
Reconciling wages in Xero: why are Wages showing too high in Xero Payroll?
If your Wages/Salaries Expense in your P and L is around twice as high as you are expecting, this is likely a coding error. When reconciling the bank statement line/s of wages being paid to employees,…
A Xero Solution for Manufacturers: Xero + CRM + Inventory
This is an example of how we have set up Xero for a particular set of requirements of a manufacturing client. THE PROBLEM Mr Manufacturer buys in components and assembles them into…
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