Bank Statements – 2 types
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Tips
Rounding – finding transactions
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Removing own Xero access
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Offset code for Contras
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What is an intangible asset?
Smart Books® educator Leaine Jones often discusses the various components of the Balance Sheet with her students. One of the asset types is intangible assets. Leaine explains this as: What the business owns that has a monetary value but is…
Dashboard Watchlist
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Payables – Xero Bills default settings
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Archiving GL codes
Doing a periodic clean up on disused general ledger (GL) codes is a good idea. A few things to be mindful of. Leaine’s Tips: Check out Leaine’s demo Learn more – Xero Central
Removing billable expenses
Using Hubdoc? This is a common mistake by both business’ owners and their bookkeepers! Leaine’s Tips: Leaine’s demo Xero Central
Expected date via dashboard
Great Xero feature – especially if undertaking weekly cashflow forecasting. Leaine’s Tips: Link – Leaine’s demo