After you have fully paid or part-paid a bill, you can send a remittance advice to your supplier. This is so your supplier can be confident that you have paid their bill even before the funds arrive in their bank account. To send a remittance, you need to go to the payment either through the…
Creating credit notes and applying them against sales invoices in Xero is easy to do in Xero. This may be necessary if you need to effectively “refund” your customer some money after they have paid an invoice. In the video tutorial, we will create and send a credit note for an invoice in Xero’s demo…
Sending a customer a statement that shows their outstanding invoices or invoice history is easy to do in Xero. In this video tutorial, we will use the Demo Company to download a sales invoice statement as a PDF file that can be emailed to the customer. We will also email a statement to the customer…
Using bank rules in Xero is a great way to reduce the amount of manual work you need to do to reconcile your bank accounts. In this video tutorial, we will take a look at how you can create bank rules in Xero to help automate your bank reconciliation process. You can create bank rules…
To delete a bank account in Xero, the account must not contain any transactions. If you would like to remove a bank account that contains transactions, you need to archive it instead. In this video tutorial, we’ll take a look at how you can delete or archive bank accounts in Xero that you don’t need…
After you have set up a bank account in Xero you may need to import some transactions or an entire bank statement. Xero has an Import Bank Transactions tool that makes this easy to do. In this tutorial, we will import a few bank transactions into a new bank account in the demo company. To get started,…
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…
Adding a bank account and an automatic feed to bring your transactions directly into Xero is easy to do. In this video tutorial, we will add a bank account to Xero and set up an automatic feed to save us from having to manually import transactions. Adding a Bank Account in Xero To get to…
Once you have posted a pay run in Xero and paid your employees, you need to reconcile the general ledger. In this video tutorial, we will use Xero’s demo company to reconcile the Wages Payable account after posting a pay run and making salary and wage payments to our employees. The Pay Run Reconciliation Process…
The first step in paying your employees in Xero payroll is to add a pay run. After that, you can post the pay run and finish by emailing payslips to your employees. Check out our video tutorial where we use the Demo Company to demonstrate how to start a pay run, post the pay run…
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…
Setting up a regulated super fund and assigning it to an employee in Xero is easy to do. In this video tutorial, you will learn how to add a super fund to payroll and assign it to an employee in Xero’s Australian Demo Company. To add a superannuation fund, first go to the Superannuation tab of the…
