Thank you for this video. I’m new to xero and have found a couple of small invoices raised by our sales staff without vat because it was a recharge cost. How do I correct this as this was earlier in the year? Thank you
Great video but my question is when we pay self employed employees that issue us with an invoice, can we then code these transactions as "Self Employed Wages" that can be an "Overhead"?
I am new to Xero and I am so glad to have found your videos. Thank you, Marion.👍 I still don't get how to distinguish account types (apart from what you showed). Do you have a video on Direct Costs, Overheads, Expenses, Other Income, Revenue, Liability, Current Asset, Current Liability and Equity? I need so much help!
With wages payable showing as a liability however - I don’t know how to balance this liability so that once it’s paid to the employee and tax man it disappears from the liabilities section in our balance sheet?
In invoice print, I want to show credit card charges in notes, say 1%, I want the amount after 1% of total invoice to be shown here in notes. Is there a way to do it?
@@XUSolutions The bank rec is driving me nuts and I'm not a fan of the rest of it either, especially the locking of some nominal codes 😒I was previously a Sage user for 25 years, far more user friendly.
Thank you so much! Always keep your RUclips channel in my mind for Xero!
😊
thank you so much! The last error was brilliant! SO much fantastic advice! Keep up the good work!
So glad you liked it
Brilliant. I made the 'Computer Equipment' and 'Salaries' mistake! Life saver. Thank you!
you’re not the only one!
Great advice for a small business owner doing their own books - thanks!
Thank you for this video. I’m new to xero and have found a couple of small invoices raised by our sales staff without vat because it was a recharge cost. How do I correct this as this was earlier in the year? Thank you
Great video but my question is when we pay self employed employees that issue us with an invoice, can we then code these transactions as "Self Employed Wages" that can be an "Overhead"?
It's a 'cost of sale' expense
Very useful, thank you.
You're welcome!
I am new to Xero and I am so glad to have found your videos. Thank you, Marion.👍
I still don't get how to distinguish account types (apart from what you showed). Do you have a video on Direct Costs, Overheads, Expenses, Other Income, Revenue, Liability, Current Asset, Current Liability and Equity? I need so much help!
Hi Sue I don’t but now you mention it I might have soon.
Hi Marion, I hope you are well. Just wondering why you are not posting new videos for months now. Hope everything is Okay with you 🙏🏼
Hi thanks for your comment. I planned on a wee break which became a longer break. But I will be back before too long.
@@XUSolutions ☺️🙏🏼🌹
*Could you make a video on how to apply switch rule on any code, there is no video available on internet on that topic!*
Ooh I will add that one to my list. Do you find it confusing?
When do we use 477 - Salaries instead of 814 - Wages Payable - Payroll?
400 codes are for costs and 800 codes are for liabilities.
Much Much love and respect from Pakistan, You made my day! I wish you are my mother🌟⭐
With wages payable showing as a liability however - I don’t know how to balance this liability so that once it’s paid to the employee and tax man it disappears from the liabilities section in our balance sheet?
The payment to the employee gets coded to the liability code, clearing it to nil.
Can you claim vat if it Is a order number but there was a vat in the sales order
You need to get a vat invoice from the supplier.
If customer is not registered for VAT then invoice will be NO VAT not ZERO
I’ve got a video discussing this - there’s no right or wrong answer but I prefer zero rated.
In invoice print, I want to show credit card charges in notes, say 1%, I want the amount after 1% of total invoice to be shown here in notes. Is there a way to do it?
Thank you, fixed my mistakes! :)
Glad I could help!
very helpfull
Guilty with salary encoded to 477 Salaries...and with VAT
You’re not alone 😊
Very good! My error is posting to the wrong bank account.
I think we’ve all done that!
The biggest error is using Xero, it's pants 😣
I’ve been using it daily for 12 years and can honestly say it’s a great tool, but like any has its limitations.
@@XUSolutions The bank rec is driving me nuts and I'm not a fan of the rest of it either, especially the locking of some nominal codes 😒I was previously a Sage user for 25 years, far more user friendly.