A Guide to Bank Loans in Xero
Welcome to Xenon Connect’s definitive guide to recording bank loan transactions in Xero Cloud Accounts Software. Business owners sometimes struggle to account for bank loans correctly and, due to the size of the transactions involved with bank loans, this can mean that the financial data and reports produced can be incorrect and misleading. In this guide we […]
A Guide to Share Capital in Xero
Introduction In this article, we take an in-depth look at share capital, as well as a full explanation regarding how to record share capital introduced in Xero’s cloud bookkeeping software. Specifically, we discuss: What is share capital? Which type of businesses can have share capital? Are there different types of share capital? Is all money […]
How do I send automatic invoice reminders to customers in Xero?
Introduction In this article, we look at the process of sending out automated invoice reminders to your customers – along with the considerations that you need to make before doing so. Specifically, we discuss: Why does being able to send out automatic invoice reminders matter? What do I need to be aware of before sending […]
How do I Invite my Accountant to my Xero Account?
Introduction There is no disputing it, cloud bookkeeping packages, such as Xero, have revolutionized the business owner to accountant relationship. Gone are the days when business owners had no option but to use pen and paper, spreadsheets or clunky desktop bookkeeping software packages. Take the most advanced of those three older systems, desktop bookkeeping software. […]
How do I delete a contact in Xero?
It’s Time to Clean Up Your Xero Contacts If you’re accounting with Xero, you’ll know that keeping your contact list in check is essential if you want an easy time maintaining the financial side of your business. But like many cloud accounting software users, you may have run into some trouble when it comes to removing […]
A Guide to the Director’s Loan Account in Xero
Here is our definitive guide about how to manage the director’s loan account in Xero. From setting up your director’s loan account code, coding payments to the director’s loan account, to tax issues on overdrawn loan balances etc. Let’s get started… Whether you’re the director of a tech firm, gym, or a beauty salon, we […]
Which Xero account should I use for Dividends?
In this article we take a look at what a “dividend” actually is, who can pay a dividend and who can receive it – as well as lots of other considerations that you need to think about. But most importantly, we take a look at exactly how a dividend should be recorded in Xero… which […]