With the new financial year upon us it is a great time to establish some financial targets and import them into Xero so you can compare your actual results versus your targets (or budget). What we find, is that the understanding of the financial make-up of a business is enhanced significantly when you set targets and then report against those targets and get curious about the variances. Some good tips for… Read more
Xero Tips & Tricks One of the things that we have learned with Xero is that many of our clients needs are different and that knowing how to use Xero properly is an important part of the picture and that is why we have been investing in our own training and in developing ways to get more education around Xero to our clients. We have found that the best… Read more
Xero Tips and Trick Video Based on the feedback we have received the most common area that Xero users want assistance in is Reporting and Budgets. So this is the first of a series of tips we will be creating to help out in this area. One easy way to quickly get a budget in Xero and start using a budget to analyse the performance of your business is to load… Read more
Welcome to the winter addition of Marks’ Musing It is that time of year when a number of you have been contacting the office to find out when you should bring in your books and records for us to prepare your financial accounts and tax returns. On the 1st of April, you should have received an email from us, requesting that you download and print the questionnaires from our web… Read more
You can enter your inventory items under the Settings Tab / Inventory Items. Here you can add a description, unit price for purchases and sales (or just sales if appropriate) and select what account codes should be used. This can really speed up creating invoices if you have regular items that you use. Even if you don’t have set prices this can be great for populating the description field. Read more
One of the things about moving to the cloud is that you end up with various passwords to manage. The tool we use here at BTP is called LastPass and it is a very good tool for saving your passwords and you just have to remember the one password to get into LastPass. Click here to learn more about LastPass Read more
Xero has some great features to help you to manage your Accounts Receivable(Debtors) and below we explain some of those features. From the Accounts/Sales screen you can send Statements from here including sorting by amount paid and selecting which statements to print or send via email. Search for invoices based on client name, invoice date, invoice number or reference View Paid, Repeating, or All invoices. See the amount of invoices… Read more
Invoicing Features Below are some screen shots and some explanation and tips for how to use the various fields and features when creating invoices for your customers. You can enter a new customer in Xero without having to add all the details (address etc) to create an invoice. You can add the other details later. Enter “t” for todays date, you can also do quick enter like 15/5 for 15th… Read more
You can now add files directly into your Xero account. This is great for invoices, hire purchases agreements, loan agreements and any other files that will be useful in preparing your accounts and keeping stored alongside your financial data. Think of it as an electronic version of the folders we provide Here is a video about it. Read more