Accounting Today

SEPTEMBER 28, 2023

No Relief; fakin' it; consider it reconciled; and other highlights of recent tax cases.

Tax 306

Tax Reconciling 306

Xero

JANUARY 24, 2023

Once your direct feed is connected, statement lines appear in Xero automatically, ready for you to reconcile. It’s a good option if you don’t reconcile bank transactions very often. The data then flows into Xero, ready for you to reconcile. This can take time and impact the reliability of your bank feeds.

XERO 278

XERO Bank Reconciliation Reconciling Bookkeeping 278

Accounting Tools

JULY 8, 2023

Related Courses Accountants’ Guidebook Bookkeeper Education Bundle Bookkeeping Guidebook When you reconcile an account, you are proving that the transactions that sum to the ending account balance for the account are correct. There are two ways to reconcile an account, which are noted below.

Reconciling 75

Reconciling Account Reconciliation General Ledger Accounting 75

Xero

OCTOBER 16, 2022

Xero placed #7 on the technology industry list out of 700+ nominations, and is a direct result of our teams’ labour of love on helping reconciling transactions to become a more beautiful experience. That is, by using the learnings of millions of past reconciled transactions. . Our ongoing commitment to reducing toil.

Bank Reconciliation 246

Bank Reconciliation XERO Reconciling Data Entry 246

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.

Reconciling 75

Reconciling Bank Reconciliation Deposits Auditing 75

Accounting Tools

DECEMBER 23, 2023

Why Should You Reconcile Inventory? How to Reconcile Inventory in 9 Steps To reconcile inventory , compare the inventory counts in the company's records to the actual amounts on the warehouse shelves, figure out why there are differences between the two amounts, and adjust the records to reflect this analysis.

Reconciling 75

Reconciling Record Keeping Auditing Billing 75

Accounting Tools

JUNE 16, 2023

When a person is reconciling the general ledger, this usually means that individual accounts within the general ledger are being reviewed to ensure that the source documents match the balances shown in each account. If the account has not been reconciled for some time, it is possible that the error lies several periods in the past.

General Ledger 75

General Ledger Reconciling Bookkeeping Financial Statements 75

Accounting Tools

JUNE 12, 2023

Accounts Receivable Reconciling Items When the reconciliation is conducted, there may be differences between the two amounts. When to Reconcile Receivables This reconciliation process is typically conducted as part of the month-end closing activities prior to issuance of the financial statements.

Reconciling 75

Reconciling Account Receivables Accounts Receivable Accounts Receivable 75

Xero

MARCH 25, 2025

Double-check payroll reportings Review key reports like the P32, P11s, Gross to Net, and Account Transactions to ensure your posted pay runs are reconciled. If you’re in the construction industry, don’t forget to review and reconcile your Construction Industry Scheme (CIS) Suffered report for the tax year.

XERO 138

XERO Payroll Tax Corporation Tax 138

Xero

SEPTEMBER 25, 2023

Manually setting up direct debits, chasing payers and reconciling payments across multiple systems is time-consuming. The two work easily together: once a payment is made, it is reconciled within their accounting system by simply clicking one button. They integrated GoCardless through their Xero account.

XERO 264

XERO Reconciling Accounting Accounting 264

Accounting Department

MAY 4, 2023

The financial close process involves reconciling all of the company's activity over a set period of time. This process can be completed on a monthly basis, quarterly basis, yearly basis, or any other predetermined period.

Reconciling 231

Reconciling Accounts Receivable Account Receivables Accounts Receivable 231

Xero

JUNE 7, 2022

Reconcile, and reconcile again . So it gives them the flexibility to reconcile, for example, on jobs and while travelling.” . Now is the perfect time to pick up the conversation (and keep it going). To kick things off, we asked three experts to share their EOFY tips for solo operators. Don’t forget to tax plan .

Reconciling 264

Reconciling XERO Tax Bookkeeping 264

Xero

MARCH 16, 2023

Continue your regular routine of reconciling your posted pay runs by scanning through Account Transactions, Gross to Net, P32 and P11 reports. By taking some time to reconcile these reports, you’ll pick up on any irregularities in accounts or employee final payment amounts, saving you rework later in this process.

Payroll 264

Payroll XERO Tax Reconciling 264

Xero

FEBRUARY 15, 2023

Step two: Review and reconcile Go to payroll settings to review all the information that impacts your payroll reporting. We know that reconciling your posted pay runs is a regular task for you, but it’s always a great idea to run your eyes down reports like pay history and leave transaction reports to make sure there are no surprises.

Payroll 246

Payroll XERO Reconciling Tax 246

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 Bookkeeping 263

Accounting Today

SEPTEMBER 25, 2023

GTT Communications self-reported that it has difficulty reconciling data from two different systems, and overreported its income as a result.

Reconciling 189

Reconciling Financial Reporting Accounting Accounting 189

Xero

OCTOBER 3, 2023

If you’re trying to reconcile this statement line but don’t have these business names in your contact list, Xero will suggest these as new contacts, saving you precious time. So when we see names like ‘Amazon’, ‘ Transport for London’ or ‘Officeworks’, we can be pretty sure they are legitimate businesses.

Bank Reconciliation 290

Bank Reconciliation XERO Reconciling Accounting 290

Xero

DECEMBER 1, 2022

It syncs hourly, and if your Xero subscription is an Ultimate or Premium plan, you can create bank feeds for each currency you operate in, so multi-currency transactions are automatically reconciled in your chart of accounts. .

XERO 264

XERO Reconciling Purchase Order Invoicing 264

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 Invoice Processing Reconciling 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.

XERO 236

XERO Data Entry Bank Reconciliation Reconciling 236

Xero

FEBRUARY 28, 2024

The solution will make it easier for small businesses and their advisors to reconcile transactions, regardless of their bank, and provide greater visibility and control over their cash flow. Small businesses will be able to avoid manual bank transfers, writing and mailing checks or entering credit card details to pay their bills.

Billing 242

Billing XERO Reconciling Financial Operations 242

FinOps Foundation

NOVEMBER 22, 2024

The panel dove into tough questions like, “How do you reconcile a conflict between cost and carbon optimization?”. Each panelist shared how they are addressing the associated challenges today. The goal is to display carbon data alongside cost data to engineering teams as they build and deploy applications (i.e.,

FinOps 130

FinOps FinOps Billing Reconciling 130

Reconciled Solutions

JUNE 6, 2025

Use Recurring Transactions In QuickBooks Online appeared first on Reconciled Solutions. Recurring transactions in QuickBooks Online is just another way the bookkeeping tool can save you time and keystrokes. The post Tired of Typing?

QuickBooks 98

QuickBooks Reconciling Bookkeeping 98

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

Accounting Today

AUGUST 19, 2024

Many cutting-edge fintech companies, such as now-bankrupt Synapse, lack essential infrastructure to effectively reconcile transactions, track funds, and maintain visibility into ledgers.

Reconciling 133

Reconciling Bookkeeping 133

Xero

JUNE 1, 2022

Michael Ly – CEO, Reconciled. They join our current XPAC members: Farook Maya – Partner, Maya & Associates. Anne Southworth – Software Project Leader and Trainer, Cain Watters. Gina Bianchi – Founder, Bianchi Financial Services Group. John Delalio – Managing Director, EisnerAmper.

XERO 246

XERO Bookkeeping Reconciling CPA 246

Accounting Today

MARCH 7, 2025

Plus, Xero debuts "reconcile period" feature; EisnerAmper appoints David Frigeri as chief artificial intelligence officer; and other accounting tech news.

Reconciling 130

Reconciling XERO Accounting Accounting 130

Xero

APRIL 4, 2023

This has included their accounting systems and the interconnected apps that manage their ecommerce, logistics and inventory challenges – such as reconciling sales across multiple vendors. They chose Xero and ecommerce specialist Synder to do the job.

XERO 279

XERO Data Entry Reconciling Collections 279

Xero

MAY 24, 2023

This means you can reconcile multiple records faster while minimising errors in manual data entry. 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.

XERO 278

XERO Bank Reconciliation Data Entry Reconciling 278

Stephanie Peterson

MAY 21, 2025

But if you're still spending hours each week managing spreadsheets or reconciling bank statements, its time to consider a smarter solution: virtual bookkeeping.At Youre juggling operations, sales, customer serviceand of course, your books. Superior Virtual Bookkeeping LLC, I sp

Virtual Bookkeeping 59

Virtual Bookkeeping Bookkeeping Reconciling Accounting 59

Xero

APRIL 16, 2025

This means our UK small business customers are now able to manage bills, process payments, and reconcile everything all in one place. This saves time, reduces errors, and gives a clear view of your cash flow. It also allows you to pay multiple bills at once with just a few clicks.

Billing 209

Billing XERO Reconciling Small Business Accounting 209

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

NOVEMBER 2, 2022

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. . You may prefer to learn how to set up your small business in Xero through interactive webinars.

XERO 264

XERO Bank Reconciliation Data Entry Reconciling 264

Xero

MAY 17, 2022

Reconcile your accounts, comparing the Payroll Activity Summary report and the General Ledger. Use the Account Transactions report to identify if any transactions have been incorrectly reconciled against your Expense Accounts. If your totals don’t look correct, this could be due to some manual journals.

Payroll 246

Payroll General Ledger XERO Reconciling 246

Xero

NOVEMBER 15, 2022

Hubdoc is one of our most advanced tools to capture bills and receipts, get the data into Xero and easily reconcile the transaction. We’re always looking for ways to automate this process, to help you become more efficient in your business or practice.

XERO 246

XERO QuickBooks Billing Reconciling 246

Xero

OCTOBER 24, 2023

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

XERO 290

XERO Data Entry Reconciling Bookkeeping 290