Using Xero
System Differences - Creation of Trade Debtors/ Creditors Original Accounts
When converting information to Xero there are some system differences that need to be taken into consideration. For example, some accounting systems will allow you to create direct entries & manual journals to the Trade Debtor and Trade Creditor ...
Running Payroll Reports Post Conversion
When setting up payroll in Xero, most employees will have opening balances so that payment summaries can be created out of Xero easily. The downside is that the reporting for the first quarter/ month after conversion does not easily give the correct ...
Updating the Chart of Accounts in Xero
The Chart of Account information can be updated post-conversion. The most efficient way to update this information is in bulk. This includes exporting the chart of accounts from Xero, updating the details and re-importing this information back into ...
How to Deal With Single Touch Payroll Post Conversion
Please see here for how payroll information is converted - this applies to Australian conversions only. Moving from an STP solution You should report YTD information to the ATO from your previous STP enabled solution and commence using STP in Xero ...
Using Xero
Paid Bill or Invoice Showing an Amount Due You may find that an invoice/bill is showing as unpaid even though there should be $0 amount due. All of your reports are displaying the correct balances but when you view this particular invoice/bill it ...
Bank Feeds
Bank Account Mapping - Bank Account / Credit Card / Paypal / Asset / Liability Any account you want to reconcile in Xero, or receive bank feeds for need to be selected as a bank, credit card or PayPal. Each bank requires the accounts to be set up in ...
How do I delete accounts in Xero that I don't need?
Xero allows you to both delete and archive accounts in the "Chart Of Accounts". We find that it is better to archive accounts instead of deleting them since this function allows you to restore the account if ever needed in the future. We recommend ...
How do I prevent someone from making changes to my file?
After conversion, you will find that a "Period Lock Date" and an "End Of Year Lock Date" are set to the conversion date (start of the financial year). This is to avoid anyone making changes to the file that has been converted. If you want to stop ...
Xero add-ons
We are not experts on Xero add-ons, and for this reason, it is best you speak to people that specialise in this area. To get more information about add-ons you can: Read about them on the Xero website Use the services of a cloud integrator
Changing Accounting Basis in Xero Post Conversion
Warning: We recommend that you do not use the file until it has been corrected. Unless you understand the full accounting implication of the above steps there is a very high chance that the integrity of the data may be impacted by changes you make ...