Xero For Dummies, 4th Edition

Part 2

Daily Activities

IN THIS PART …

Figure out how easy it is to set up and use contact information for customers, suppliers or employees.

Turbo-boost your cash flow through creating, approving and sending online invoices, and actively following up on outstanding debts. Also get the lowdown on how to streamline invoicing through using recurring invoices and bills to improve productivity.

Get familiar with the ins and outs of billing electronically. Unfortunately, you have bills to pay — but at least I show you how to easily enter, approve and pay them, as well as how to electronically process payments. Also included is expense claims management for staff.

Learn to reconcile! Once you get your head around reconciling you will love to do it first thing in the morning (I promise!). Done correctly, reconciling accounts ensures your financial records are accurate and up to date, which means you’re producing useful information for making key business decisions.

Discover how to use Spend Money and Receive Money, including processing direct payments, prepayments and overpayments.