Xero Bookkeeping tips & Guides
What good bookkeeping automation looks like
Bookkeeping automation can save hours, but it can also move errors faster. A real invoice with one misplaced decimal point shows why human review still matters.
The app has to fit the business
The right sales integration should do more than move transactions into Xero. It should reflect the business, produce useful reports and continue to fit as the business evolves.
Does Xero’s fixed asset register really work?
Configuring Xero’s fixed asset register requires time and expertise. Done properly, it can replace duplicated spreadsheet work and save time every month, quarter and year.
The supplier deposit we did not know we had
One of our clients is a very good payer. In fairness, all of our clients are—but this one now has a particularly good story attached to its payment record. When the business started trading around 15 years ago, one of its suppliers asked for a refundable...
I nearly fell for a $50,000 invoice
I am normally suspicious of unexpected payment requests, but this one was extremely convincing. I received an email that appeared to come from one of our client's suppliers. It included a thread showing what looked like a genuine conversation with an employee at the...
Could you produce your grant evidence by next Friday?
When an organisation applies for grant funding, most of the immediate attention naturally goes into the application. What will the funding pay for? How will it help? What outcomes will the organisation deliver? The reporting requirements can feel like something to...
When a negative quarter is part of the plan
One of our clients expected to report a net loss in the first quarter of its new financial year. At last week's quarterly budget meeting, the actual figures were almost exactly as expected: net profit was negative. Viewed on its own, that could sound worrying. But...
Some Useful Tools to Enhance Your Bookkeeping
Over the years, I’ve built a toolkit of systems and apps that help me work efficiently and accurately in Xero. If you’re doing your own bookkeeping, these are tools that can genuinely make your life easier. Xero: My Core System It’s no secret that I work exclusively...
Needs Exist. They’re Not Created.
A Lesson From My Sales Days Years ago, I worked in sales for a company that developed software for travel agencies. My role was to contact agencies, explain how this brilliant system could transform their admin, and book a demo. One day, after a demo, I asked the...
Fear of Losing Customers
If you run a business, chances are you’ve worried that one day your clients’ needs might change — and they’ll stop working with you. It’s natural. And while attracting new customers is important, I believe even more strongly in keeping the ones you already have. So...
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