Xero – Add Opening Balance to Bank Account, Credit Card, PayPal

Xero – Add Opening Balance to Bank Account, Credit Card, PayPal

After setting up a bank account, credit card or PayPal account in Xero, you may need to add the opening balance of the account before importing the transactions. There are several ways of adding an opening balance to a finance product in Xero and the method you choose depends on how the finance product was…

Xero Payroll – How to Add a Self Managed Superannuation Fund (SMSF)

Xero Payroll – How to Add a Self Managed Superannuation Fund (SMSF)

Setting up a Self-Managed Super Fund (SMSF) and assigning it to an employee in Xero is easy to do. In this video tutorial, you will learn how to add an SMSF and assign it to an employee in Xero’s Australian Demo Company. To add a self-managed superannuation fund, first go to the Superannuation tab of the payroll…

Australian Business Number (ABN): Do You Need to Apply for One?

Australian Business Number (ABN): Do You Need to Apply for One?

An Australian Business Number (ABN) is an eleven digit number that is unique to your business or organisation. The government, other businesses and organisations, and the general public use your ABN to identify your business. ABNs are issued by the Australian Business Register (ABR) which is a branch of the Australian Tax Office (ATO). Although…