Accounting Tools

JULY 29, 2023

Related Courses Bookkeeping Guidebook Corporate Cash Management How to Audit Cash Reconciling a bank statement involves comparing the bank's records of checking account activity with your own records of activity for the same account. To reconcile a bank statement, follow the steps noted below. If so, adjust your record of the deposit.

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Reconciling Bank Reconciliation Deposits Auditing 75

Xero

AUGUST 24, 2022

Following our acquisition of LOCATE Inventory last year, we’ve been building a new inventory solution that will help your small business clients track and manage their inventory in real time across multiple locations, provide a clear overview of their financial performance, and save time reconciling inventory data.

XERO 263

XERO Reconciling Bank Reconciliation Data Entry 263

Accounting Tools

JUNE 12, 2023

The two information sources for this reconciliation are noted below. To extract this information for reconciliation purposes, print the aged accounts receivable report as of the final day of the reporting period. This matching process is important, because it proves that the general ledger figure for receivables is justified.

Reconciling 75

Reconciling Accounts Receivable Accounts Receivable Account Receivables 75

Xero

MAY 16, 2023

Reconcile your payroll accounts After processing all pay runs for the financial year, it’s important to forensically check the accuracy of your reporting. Use the Account Transactions report to identify any transactions that may have been incorrectly reconciled against your Expense Accounts.

XERO 55

XERO Payroll General Ledger Reconciling 55

Xero

MAY 13, 2024

Reconcile your payroll accounts After processing all pay runs for the financial year, it’s important to forensically check the accuracy of your reporting. Use the Account Transactions report to identify any transactions that may have been incorrectly reconciled against your Expense Accounts.

XERO 264

XERO Payroll General Ledger Reconciling 264

Xero

MAY 17, 2022

Reconcile your accounts, comparing the Payroll Activity Summary report and the General Ledger. We havet a support article available in Xero Central that provides some useful information about reviewing your payroll transactions at the end of the financial year. Take a look at these steps to finalise your information with the ATO.

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Payroll General Ledger XERO Reconciling 246

Xero

AUGUST 17, 2022

However, the job of managing invoicing can be a hassle, requiring you to juggle many tasks — tracking the status of sent invoices, chasing late payments, reconciling payments, and providing a great customer experience. . Invoices are critical to a business — they deliver the important message to customers and clients that payment is due.

XERO 262

XERO Invoicing Reconciling Invoice Processing 262

Xero

NOVEMBER 19, 2024

Today, with cloud accounting, you can securely and automatically import bank transaction data and easily reconcile it, so you have a single, up-to-date view of your transactions and cash flow. They make reconciling easy which enables you to use up-to-date information when making business decisions.

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XERO Data Entry Bank Reconciliation Reconciling 238

Compleatable

NOVEMBER 15, 2024

Traditionally, this process has been manual and error-prone, with finance teams often spending hours reconciling mismatched data, handling variations in item descriptions, and manually checking additional charges like tax or freight. This is where AI’s real-time data capabilities truly shine.

Accounts Payable 100

Accounts Payable Accounts Payable AP Accounting 100

Xero

APRIL 13, 2023

Coming soon The old CIS Payment and Deductions report will be retired on 24 April 2023 — all features from this report are now in the new CIS Contractor report (UK only) Global settings will be introduced to all other regions You’ll be able to filter tracking categories and compare two tracking categories side-by-side, without going into the layout (..)

XERO 347

XERO General Ledger Bank Reconciliation Budgeting 347

Xero

OCTOBER 24, 2023

This allows you to easily track and report on Cyber Monday sales – unlocking insights that can help inform any future business decisions. It’s also important to check that your Xero transactions, accounts and inventory levels are fully updated and reconciled prior to the sale.

XERO 290

XERO Data Entry Reconciling Bookkeeping 290

Xero

AUGUST 21, 2023

Instead of manually requesting, chasing and entering this information — you’ll soon be able to easily manage this via the 1099 contact details section.

XERO 246

XERO Invoicing Reconciling Bookkeeping 246

Xero

JUNE 1, 2022

Our XPAC members provide crucial insights and advice, and help inform us on the issues and challenges they’re seeing in the accounting industry. Michael Ly – CEO, Reconciled. They help drive conversations about where Xero is going and what we can improve to better serve our partners, small businesses and communities. .

XERO 246

XERO Bookkeeping Reconciling CPA 246

Xero

MAY 24, 2023

Now, when you complete the transaction details under the ‘Create’ tab, Xero will populate similar transactions with the same information – without needing to refresh your screen. This means you can reconcile multiple records faster while minimising errors in manual data entry.

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XERO Bank Reconciliation Data Entry Reconciling 278

Intuit

SEPTEMBER 9, 2024

The template below hits on some essential elements to include in your bookkeeper resume—from how you might structure your contact information to how and what skills you could showcase. Reconciled bank statements monthly, maintaining accurate financial records. Prepared and submitted payroll taxes accurately and on time.

Bookkeeping 246

Bookkeeping Bank Reconciliation QuickBooks Certified Bookkeeper 246

Xero

DECEMBER 7, 2022

Everyone who uses it also has to register for the network (as eInvoices can only travel between registered entities), which offers peace of mind in knowing all the information is verified. . It’s so easy to verify, reconcile and approve everything at the end of the month because it’s guaranteed that the data has been exchanged.

XERO 246

XERO Invoicing Accounting Software Reconciling 246

Xero

NOVEMBER 14, 2022

If you’re an accountant or bookkeeper, you’ll know that having consistent information across your practice management tools is vital. You would spend less time double handling data, looking for client information and checking the accuracy of your records. Here’s why it’s so important to us, and what changes you can expect to see soon.

XERO 246

XERO Reconciling Bookkeeping Tax 246

Xero

NOVEMBER 2, 2022

Our informative small business education guides were created specifically for you. You can also find guides on Getting your invoices paid faster , Staying on top of your cash flow , Reconcile bank accounts easily in Xero and Creating professional invoices with ease , with more topics to come. . Get started with the basics.

XERO 264

XERO Bank Reconciliation Data Entry Reconciling 264

Xero

MARCH 26, 2023

In many cases, AI can help make the process easier, faster and better informed. Even as you’re busy reconciling your bank statements, AI is right there suggesting the best matches from your contacts and accounts. These products look for patterns and trends in the data flowing through the Xero platform.

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XERO Reconciling Computation Billing 279

Xero

AUGUST 15, 2023

When it gets to the point where they need to pay it generates a request for payment and then reconciles that with Xero so that we don’t have to do all of those things manually. Importantly, for growing participation, it also allows us to make informed decisions when we set fees.

XERO 246

XERO Bank Reconciliation Reconciling Accounting 246

Xero

OCTOBER 9, 2023

This will streamline your workflows and give you confidence that your data is accurate and your teams are all working from the same information – no matter what practice tool they’re using. You can use XPM to maintain your client information, while unlocking the value of Xero HQ when managing client organisations and staff access.

XERO 264

XERO Tax Reconciling Accounting 264

Xero

SEPTEMBER 1, 2022

Reconcile Borderless Card expenses with Xero Expense Data. Dext Prepare extracts data from sales, purchases and bank information through various inputs and fed into Xero for reconciliation. . It then works with Xero to push that information into sales control accounts, covering tax rates, cut offs and global requirements.

XERO 52

XERO Invoicing Bookkeeping Collections 52

Xero

DECEMBER 17, 2023

Customise your Xero experience Invoice emails: Our new text editor tool enhances the emails you send with your invoices, with bold, italics and underlining options (exclusive to new invoicing) Add or edit contacts: We’ve changed the add/edit page in contacts to be a single form with tabs that act as quick links, to help you manage your contacts more (..)

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XERO Bank Reconciliation Tax Invoicing 272

Xero

APRIL 16, 2023

It was all paper and PDF based, so he was constantly falling into the trap of forgetting things, paying suppliers late, and trying to reconcile the numbers after a long day’s grind. Before this, JB was managing his own bookkeeping. Peppol is a secure, global network that simplifies the exchange of electronic documents.

Invoicing 279

Invoicing XERO Reconciling Invoice Processing 279

Intuit

SEPTEMBER 19, 2024

For us, digitisation improved how quickly we can access and share information, allowing us to streamline operations.’ Eriona Bajrakurtaj, CEO at Major’s Accounts & Co in London, noted: ‘Getting more clients onto digital systems will enable them to send us their information in real time.

Accounting 244

Accounting Accounting QuickBooks Tax 244

Xero

NOVEMBER 30, 2022

The invoice list in the Xero Accounting app (Android only) is being refreshed, making it easier for you to view and find information about your business. This will help you manage your tax obligations, while streamlining the process of reconciling Shopify sales with payouts. Try it free for 30 days on the Xero App Store.

XERO 246

XERO Payroll Bank Reconciliation Invoicing 246

Intuit

AUGUST 30, 2024

Accountants analyze the information recorded by the bookkeeper. Various stakeholders use financial statements to make informed decisions. In short, accountants take raw bookkeeping data and turn it into actionable insights that drive informed decision-making.

Bookkeeping 246

Bookkeeping Financial Statements Accounting Accounting 246

Xero

SEPTEMBER 7, 2022

We shared the first phase of this new feature — employee records — and explained how it will help you identify, audit, and reconcile your clients’ payroll quickly and accurately. . We shared some new updates in Xero that will help you quickly find the information you need. Helping your clients avoid the cash flow crunch.

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XERO Payroll General Ledger Bank Reconciliation 264

Less Accounting

NOVEMBER 18, 2024

Regularly updated financial records enable business owners to monitor cash flow, track expenses, and make informed financial decisions. A well-maintained bookkeeping system ensures that business owners have the information they need to manage their finances effectively and sustainably.

Bookkeeping 59

Bookkeeping Tax Financial Records Reconciling 59

oAppsNet

JANUARY 18, 2024

Vendor statements, comprehensive documents detailing various financial transactions, including invoices, payments, and outstanding balances, serve as a primary source of information. It’s like nurturing a skilled crew on a financial ship, ensuring that vendors understand the importance of accurate and timely information.

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Reconciling Purchase Order Vendor Management Invoicing 52

Counto

DECEMBER 7, 2024

Work with a financial advisor to gain valuable insights that support informed decision-making. Not Reconciling Accounts Payable and Receivable Why This Happens: In the rush of running a business, SMEs in Singapore often overlook regular reconciliation, leading to discrepancies that can affect cash flow.

Financial Statements 52

Financial Statements Reconciling Accounts Payable Accounts Payable 52

Remote Quality Bookkeeping

MAY 15, 2025

Without it, youll likely miss key financial data, fall behind on compliance, or make decisions based on inaccurate information. Technology has made it easier to track, categorize, and reconcile financial activity with far less effortand far fewer errors. Its essential to develop a method for projecting income and expenses.

Small Business Bookkeeping 52

Small Business Bookkeeping Business Bookkeeping Bookkeeping Outsourced Bookkeeping 52

Insightful Accountant

MARCH 9, 2025

The new feature addresses the requests of many Xero users for a 'period end' bank reconciliation option that ensures each period is properly closed and locked so the information remains accurate.

XERO 52

XERO Reconciling Bank Reconciliation 52

Xero

JULY 28, 2022

By simplifying and automating the process of collecting and reconciling rental income and expense information, Landlord Studio and Xero can help landlords improve the return on investment on their property investments.”. New ways to support businesses selling online.

XERO 264

XERO Bookkeeping Reconciling Collections 264

AvidXchange

DECEMBER 20, 2024

If youve kept your vendor master file up to date, you should have a W-9 on file for each supplier that includes all the information youll need to file your 1099-NEC forms. In 2024, the IRS issued guidance making it mandatory for any business filing more than 10 information returns to do so electronically. Note: AvidXchange , Inc.

AP 52

AP Data Entry Accounts Payable Accounts Payable 52

oAppsNet

OCTOBER 29, 2024

Many companies struggle to reconcile incoming payments, match them to the correct customer accounts, and ensure everything is accounted for in real-time. Complex Payment Methods : With payments coming in from various sources—bank transfers, credit cards, digital wallets—reconciling these can be a nightmare without suitable systems.

Data Entry 52

Data Entry Invoicing Reconciling AP 52

Gaviti

DECEMBER 5, 2024

Offering a customer-facing payment portal makes paying you very smooth because the customer doesn’t need to know your bank account information and is less likely to make a mistake that will prevent you from reconciling the invoice later. Include all invoice information in the B2B payment reminder.

Collections 52

Collections Invoicing Reconciling Invoice Processing 52