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Efficient Accounting with Xero

You're reading from   Efficient Accounting with Xero The definitive guide to optimizing your accounting with proven techniques and best practices

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Product type Paperback
Published in Apr 2023
Publisher Packt
ISBN-13 9781801812207
Length 306 pages
Edition 1st Edition
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Author (1):
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Jay Kimelman Jay Kimelman
Author Profile Icon Jay Kimelman
Jay Kimelman
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Table of Contents (27) Chapters Close

Preface 1. Part 1: Hitting the Ground Running
2. Chapter 1: Xero Basics – Subscriptions and When to Use Them FREE CHAPTER 3. Chapter 2: Exploring Bank Feeds – the Heart of Xero 4. Chapter 3: Setting Up Your Organization’s Financial Settings in Xero 5. Chapter 4: Restarting with the Fresh Start Method 6. Chapter 5: Conversion to Xero Made Easy 7. Part 2: Handling the Day-to-Day Processes
8. Chapter 6: Recording and Reconciling the Bank 9. Chapter 7: Invoicing and the Sales Process 10. Chapter 8: Managing Bills and Purchases with Procure-to-Pay in Xero 11. Chapter 9: Using Xero on the Go 12. Part 3: Closing Out the Accounting Period
13. Chapter 10: Managing Fixed Assets in Xero 14. Chapter 11: All You Need to Know about Manual Journals in Xero 15. Chapter 12: Correct Your Mistakes with Find and Recode 16. Part 4: Reporting – Knowing About the Performance of Your Business (KPIs)
17. Chapter 13: Running and Customizing Basic Reports in Xero 18. Chapter 14: Business Analytics with Business Snapshot and Short-Term Cash Flow 19. Chapter 15: Creating Custom Reports in Xero Using the layout editor 20. Part 5: For the Advisor
21. Chapter 16: Run Your Practice with Xero HQ 22. Chapter 17: Exploring Practice-Wide Report Templates 23. Chapter 18: Exporting Your Data and Reports Out of Xero 24. Chapter 19: Increasing Your Powers with Apps and Xero 25. Index 26. Other Books You May Enjoy

Paying bills is super easy

Paying bills in Xero is easy, whether you are using an app, writing a check, or using your credit card. Let’s face it – how many of us actually write checks these days? I see it happening less and less.

Figure 8.13: The bill payment screen

Figure 8.13: The bill payment screen

The quick way to mark a bill as paid in Xero is to go directly from the bill screen. At the bottom of the screen, you will fill in the following fields:

  • Amount Paid
  • Date Paid
  • Paid From

If you are planning on writing a check, ensure you mark the Pay by check checkbox, and then click Add Payment. You can see all this in Figure 8.13.

Figure 8.14: The Pay by Check dialog

Figure 8.14: The Pay by Check dialog

On the Pay by Check screen (Figure 8.14), you can enter the check number along with a memo. When completed, click Save & Print PDF. If you have a check stock, you can then print the PDF on it. I recommend you use a complete blank check stock and use the New...

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