Do you run a business where you need to provide clients with a quote before they agree to hire you? But what exactly is a quote, how do you make one, and what happens after a quote is accepted? These are the questions our guide and video will answer to help you discover what you…
Have you ever sent an invoice to your customer only to realise later that you charged them the wrong amount? Or have you received an invoice from a supplier but the quality of goods or services they provided wasn’t up to scratch so you feel you shouldn’t have to pay the full price? Situations like…
Connecting PayPal to Xero is easy! There is no need for any third-party software to connect the two programs together and have your PayPal sales, fees and other transactions flow into Xero, ready for you to reconcile. If you are looking to integrate PayPal into Xero and a bank account, check out our video. We…
Before you start sending invoices or quotes to your clients, you need to get your settings right in Xero. This includes adding your own branding to your invoices and setting up automated reminders that are emailed from Xero to your customers to chase payments. Check out our comprehensive video where we run through all the…
As a small business owner, you may find yourself having to produce a purchase order. And while you may have heard of it, you might be wondering what exactly is a purchase order. That’s a good question. In this guide, we’ll break down the purchase process and simply explain what a purchase order is, how…
When an employee leaves your business you may need to pay out their unused annual leave balance. That is, the balance of annual leave that builds up over time that your employee has not used to go on holiday. Check out our video on how to properly pay out an employee’s annual leave balance when…
Invoices and receipts may seem similar because they both relate to payments but there’s a critical distinction that business owners and aspiring bookkeepers need to know. This guide will help you learn the difference. What is an Invoice? An invoice is a document a business sends to a customer seeking payment for goods or services….
When an employee goes on leave, they should enter a leave request in Xero for the number of working hours they will be away. Once you approve the request and run the payroll for that period, your employee’s accrued leave balance will reduce by the number of approved leave hours. If you do not follow those…
If you charge customers on a regular basis, you can save time by setting up repeating invoices in Xero instead of creating each invoice from scratch. Check out our video tutorial in which we use Xero’s demo company to create a repeating sales invoice template that will automatically generate invoices whenever they are due to…
Cash coding is a great way to save time when reconciling your bank accounts in Xero. By sorting unreconciled bank transactions into order, you can enter general ledger information into the top line and copy it down into the other lines. That saves you from having to manually enter the same information over and over…
Xero has made it easy to add new employees to payroll. Check out our video tutorial above. It will step you through how to add an employee to payroll in the Australian version of Xero’s demo company. The tutorial and written guide assumes that you have already completed the payroll settings necessary to successfully add…
The Xero demo company is a great way to practice using the system without affecting the accounts of your real business. The demo company contains dummy data that you can use to practice any bookkeeping tasks you like including payroll, fixed assets maintenance, bank reconciliations and much more. Once you have finished practising your bookkeeping…
