Anyone good on Xero
kkelly
Registered Posts: 51 Epic contributor 🐘
Hi all,
I've been asked to do some work on Xero and I have to say I dont fully undertand using it. I know there is an extensive online help, which I can't fully get clear in my head.
All bank transactions have been entered manually, so can the bank rec feature still be used? I have the bank in csv format which I can import, but can I still do an import or will it duplicate transactions or will I have to delete the manually entered transactions first. Can I take a point in time from the balance sheet where it agrees to the bank statement ( or has a difference which I can bring forward ) and start importing from there?
Once you import is it a case of going thru for example creditors invoices to allocate payments or what happens. Also, once you import what is a reconciliation actually ......because they are imported surely the nominal and statement should agree!!
I'm hoping someone on here has used this feature and can explain clearly!!
Thanks
Kevin
I've been asked to do some work on Xero and I have to say I dont fully undertand using it. I know there is an extensive online help, which I can't fully get clear in my head.
All bank transactions have been entered manually, so can the bank rec feature still be used? I have the bank in csv format which I can import, but can I still do an import or will it duplicate transactions or will I have to delete the manually entered transactions first. Can I take a point in time from the balance sheet where it agrees to the bank statement ( or has a difference which I can bring forward ) and start importing from there?
Once you import is it a case of going thru for example creditors invoices to allocate payments or what happens. Also, once you import what is a reconciliation actually ......because they are imported surely the nominal and statement should agree!!
I'm hoping someone on here has used this feature and can explain clearly!!
Thanks
Kevin
0
Categories
- All Categories
- 1.2K Books to buy and sell
- 2.3K General discussion
- 12.5K For AAT students
- 318 NEW! Qualifications 2022
- 161 General Qualifications 2022 discussion
- 11 AAT Level 2 Certificate in Accounting
- 56 AAT Level 3 Diploma in Accounting
- 87 AAT Level 4 Diploma in Professional Accounting
- 8.8K For accounting professionals
- 23 coronavirus (Covid-19)
- 272 VAT
- 92 Software
- 273 Tax
- 135 Bookkeeping
- 7.2K General accounting discussion
- 200 AAT member discussion
- 3.8K For everyone
- 38 AAT news and announcements
- 345 Feedback for AAT
- 2.8K Chat and off-topic discussion
- 582 Job postings
- 16 Who can benefit from AAT?
- 36 Where can AAT take me?
- 42 Getting started with AAT
- 26 Finding an AAT training provider
- 48 Distance learning and other ways to study AAT
- 25 Apprenticeships
- 66 AAT membership