Chapter 10
Mastering Your Weekly and Monthly Tasks
IN THIS CHAPTER
Checking your accounts have been finalised for the relevant period
Making sure your bank reconciliations are up to date
Working through reconciliations for your clearing accounts and consumer tax control account
Going over business details such as your invoices and Aged Receivables report
Using Xero to collate information required by your tax authority
Creating and reviewing your budget within Xero
Understanding the period lock date function
A client of mine has an interesting lifestyle business model — he imports a container of shoes and travels the country selling them at markets. One day, he arrived at my door with shoeboxes (oh, the irony!) filled with several years’ worth of paperwork and receipts relating to the ...
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