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• 
  @taresaobrien967416 күн бұрын

  Thank you, these have been so helpful.

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  @TallBooks15 күн бұрын

  Thanks for watching!

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  @juanpaulovargas3756Ай бұрын

  in every batch of scanned receipts, there should be a clear communication which is for expense claim right? Or established clearly which employees always have a refundable work related expenses, hence the expense claims.

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  @TallBooksАй бұрын

  Correct, detail is important as is providing a receipt and it having a link to the business related activity.

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  @leebrendalee4 ай бұрын

  I got news for you, xeros bank reconciliation is absolutely Nothing like QBO. Not in any shape or form. Qbo has bank matching which is. Nothing at all like zero. Xero looks more professional with its bank match but it certainly is not the same. Compared to QBO bank reconciliation after bank match is easy. I'm only here because xero makes no sense with bank rec so I'm trying to figure it out.

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  @TallBooks4 ай бұрын

  Xero's bank rec is perfectly fine, get used to the differences and you'll see we use MYOB, QBO and Xero and reconcile in all three there's just different pathways.

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  @leebrendalee4 ай бұрын

  @@TallBooks yes I like it now

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  @marriamkatz5684 ай бұрын

  Where can I view part 3 of 3?

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  @user-je1tk2mg3i5 ай бұрын

  hi. a question here: supposed we received a pdf file and long itemized bill from supplier, is there any quick method to re enter data? you know to reduce mistake and shorten time of data entry. thx

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  @TallBooks4 ай бұрын

  Assuming the detail is not required, you can simply total by category and enter the lines as required instead of every line, then leave the details for the attachment. You can then check back against GST and totals on the invoice to the summarised lines in Xero.

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  @arutchelvamparamagurusamy71495 ай бұрын

  You are simply superb

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  @kerinneharvey32385 ай бұрын

  Awesome!!!!

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  @zapperredtank6 ай бұрын

  Thank you for that help Tallbooks

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  @zapperredtank6 ай бұрын

  Hi there thank you for your videos, i want to change what pay my employee who gets paid weekly , for example he gets 720 per week i want to change it to 750 a week every week, do you have a video for this please.

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  @TallBooks6 ай бұрын

  Have a look at our new payroll series, you can update this under Payroll>Employees>Click into employee>Payroll template>Update details here.

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  @jske96 ай бұрын

  Great video. Thank you!

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  @jske96 ай бұрын

  Great video. Thank you 😊😊

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  @user-dq5dn6hk7h9 ай бұрын

  Hi, thank's for the informative video. If I'm the director of my business am i also counted as a employee so would need to put a PAYG withheld period? Thanks

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  @TallBooks9 ай бұрын

  If you're an employee being paid via payroll with wages YES. You'll need to register for PAYG with the ATO first or via your accountant, then tick the quarterly PAYG withheld option in Xero. If you're just drawing dividends/loans/directors fees then no that's outside of payroll and tax is paid at EOFY.

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  @KimJameson11 ай бұрын

  Your video was very helpful. I am brand new to Xero. Is there a way to reconcile the old-fashioned way using my physical bank statement and checking off transactions so that it balances to zero?

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  @TallBooks11 ай бұрын

  Hi Kim, there isn't but you can run the reconciliation report at the end of the month and compare balances, then click the arrow to view the statement which allows you to see each transaction to compare.

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  @KimJameson11 ай бұрын

  @@TallBooks Thank you, I will give that a try!!

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  @KimJameson11 ай бұрын

  I have one other question (sorry), when you're in the reconcile screen and there is a deposit (received) transaction, suppose that transaction is made up of 3-checks that were deposited. Is there a way to itemize all three of the checks for this one deposit (who they were from, what they were for and how much)? ie... Deposit made for 2,500.00 - consisted of 3 checks from customers 1- from Joe Smith for $1,000.00 - 1- from Bob Jones for $800.00 and 1-from Tim Hall for $700.00. How can I show who paid and to what account to post it to?

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  @TallBooks11 ай бұрын

  You'd need to raise three receive money's outside of the reconciliation screen, all dated for the same date and into the relevant account. That will allow you to them select each one using the match option when reconciling. If not needing contact for all and just a single contact, you can instead use create and then click add detail and put in three lines. For full detail I'd suggest raising a receive money x 3 by contact for the same date then matching them to the deposit in the bankfeed.@@KimJameson

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  @KimJameson11 ай бұрын

  @@TallBooks Thank you again!!

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  @constatypical Жыл бұрын

  Hi, thank you for this. It really helps. Can you teach me how to get the heading the way you have it? I only have Dashborard, Business, Accounting, Contacts. Thank you!!!!!

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  @TallBooks Жыл бұрын

  They've now updated the headings, they change things quite often, Business has everything related to sales and bills, accounting is for reporting and journals, chart of accounts, contact is customers and suppliers

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  @rachelknobel5559 Жыл бұрын

  Thanks, this was helpful. Can you please tell me when an Item COde needs to be used. I noticed you never used that field in the video. Thanks :)

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  @TallBooks Жыл бұрын

  Hi Rachel, my pleasure. Items are used for inventory or shortcuts. You can set-up items for common services to save time or for inventoried/non inventoried items. If you are simply adding a service charge or non inventory related charge then you may wish to ignore the item column and use the description

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  @valentinotrent4375 Жыл бұрын

  This sets the record straight for me, thank you🙂 Just have one question which I am hoping you could clarify. What code would you select if your are not registered for GST?

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  @TallBooks Жыл бұрын

  My pleasure, if your business is not registered for GST then you can simply edit your settings to show you are not registered for GST under financial settings (Settings>Advanced settings) then the tax code column will no longer be available. Otherwise if manually doing so everything should be entered as the total using BAS excluded as GST does not need to be split out

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  @ujangpeter Жыл бұрын

  So if you work with a subcontractor who is not registered for GST, would you classify those payments as BAS excluded or GST free?

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  @TallBooks Жыл бұрын

  Good question. The answer is GST Free, they are still included in the BAS as a purchase, however, they are treated as GST free. (BAS Excluded is used for purchases outside the GST system typically such as wages, loans, director contributions)

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  @ironbroz6926 Жыл бұрын

  I have new Xero account. I have not get my Employer PAYE reference with me and without this I am unable to add employees. Is there any way to add employees without PAYE reference?

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  @prasannasriskantharajahasa1682 Жыл бұрын

  Well explained. Thank you so much. It is really helpful.

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  @elisarego Жыл бұрын

  Hi, I would like to know how to deallocate a wrongly allocated credit note! The only way is to refund? Is it possible to undo the allocation?

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  @TallBooks Жыл бұрын

  Hi Elisa, you'd need to open the credit note and then go to options and remove and redo it. This should remove it. Whatever originally created the credit note should then appear back on the bankfeed. Refunding it simply allocates the credit note.

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  @elisarego Жыл бұрын

  @@TallBooks Thank You! 😀

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  @fanatamon Жыл бұрын

  Great vid thanks, really appreciative.

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  @NiftyMCD_Australia Жыл бұрын

  Contacting Customer Service is nearly impossible. Min 40 minute wait time to speak to someone who is unable to understand what I need and because it is outside of their script and needs repeating many, many, many times. I am after documentation from MYBO regarding payment. Their internal handling is a case of left and right not knowing what the other is doing. I got as far as Account Cancelling section and promptly got cut off after 20 seconds twice. See, cancelling in action! Forget about lodging a complaint - not available on-line. Good way to avoid feedback if not able to give feedback in the first place. I hated using their program - really suited to accounts, not mere humans. Would I recommend - only if you want to have a heart attack or slash your wrists. Fail 👿👿👿👿

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  @catherinegreer8186 Жыл бұрын

  How do you allocate a credit to an approved bill please?

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  @TallBooks Жыл бұрын

  First make sure the supplier credit note is assigned to the same supplier name as the original bill. Once approved it'll recommend applying to a bill. You can either apply directly by opening a bill or pay a cash refund. Another option you have is in the bill itself under options you can raise a new CN.

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  @alfredmangena1576 Жыл бұрын

  Very informative and helpful. Much aporeciated

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  @chrisuren9811 Жыл бұрын

  Great video, I was just wondering why a credit note for the limo company is GST on expenses? Aren't we gaining income as we are receiving credit?

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  @TallBooks Жыл бұрын

  Hi Chris, the way a transaction comes in or goes out is the way it's reversed. So for example if you charged GST then you refund GST and vice versa.

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  @ruthchambers1318 Жыл бұрын

  My bill includes multiple items (50+), which I don't want to enter. I just want to add the total amount, however Xero doesn't allow me to enter 'total amount'. Surely I don't have to enter 50 items?

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  @TallBooks Жыл бұрын

  It does, just use the top line and enter the total into that line instead of adding 50+ items. If you want to enter individual items then you need to itemise if you're not using inventory then don't both, copy description into first box and then total price is the total.

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  @sitasharma39482 жыл бұрын

  NIce video thank you so much

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  @corazonmalaluan21892 жыл бұрын

  Hi, thanks for this video. Just wanted to ask when do we use the NT (no tax) code?

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  @TallBooks2 жыл бұрын

  In Xero this code is called 'BAS Excluded' but it's the same principle. Used for items not related to goods or services, such as loan repayments, owner contributions/withdrawals, payroll transactions etc.

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  @leevanmunster62212 жыл бұрын

  Hi Samuel, I find your tutorials very helpful. I have a problem though. I cannot find my payroll button. I have standard Xero. I am not sure who to contact because all the tutorials shows the payroll button already

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  @TallBooks2 жыл бұрын

  Hi Lee, are you the only user of the file? Most likely you need your access updated to have 'payroll admin' ticked. Check under the top left menu (business name) then settings>users.

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  @KJadventure2 жыл бұрын

  If I setup multiple tax components, the GST part goes to sales tax ledger by default but the other tax does not reflect in trial balance as payable ? Do you know how to link a specific ledger account when using multiple tax components ?

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  @TallBooks2 жыл бұрын

  I'm not sure that Xero automatically allows that, you can set-up different tax codes but not link them to different liabilites, in which case you're better to journal the amounts manually if required.

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  @carlodandrea3942 жыл бұрын

  I have a client that has a GST Expense on the P&L - this isn't correct is it?

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  @TallBooks2 жыл бұрын

  Hi Carlo, that's definitely incorrect. GST is not part of the PnL, the PnL should show the expenses net of GST with the GST calculated and kept on the Balance Sheet GST account.

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  @ashleywatson18642 жыл бұрын

  Thanks so much, great little tutorial.

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  @ashleywatson18642 жыл бұрын

  Great little tutorial, thank you so much. I just set up my first employee in xero, what a piece of cake :)

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  @TallBooks2 жыл бұрын

  Awesome work!

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  @aue_terina91362 жыл бұрын

  Thank you 😊

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  @msctech2 жыл бұрын

  The video seems good but looks outdated since my Xero doesn't have all the same layout. All my GL codes are entered however I cannot use my bank account as Xero won't properly map it. I'm assuming that 090 isn't a "ban" account. I'd like to see what the account type is so I can work around the limitation of not linking payroll directly to Xero's bank account.

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  @TallBooks2 жыл бұрын

  Not sure what you mean by Xero won't map it. What's the error you're experiencing? This video was recorded years back I will do some refreshers later this year.

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  @farzeenshaikh63262 жыл бұрын

  Can you help, if we did journal entry for matching the bank entry for payroll. Where will be the effect for Journal Entry.

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  @TallBooks2 жыл бұрын

  Hi Farzeen, you shouldn't be journalling payroll in MYOB Essentials. The default payment account for wages is under settings (have a look) and then you just allocate the wages as a match, or change the payment account to a clearing account so you can use this to allocate wage payments to.

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  @frahmarielibag31182 жыл бұрын

  Hello! Please help me with this. In bank reconciliation with Tide account, if I create a transaction, what account should I choose for these items under Spent: 1. referrals; 2. reference (monthly); 3.guest talk?

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  @TallBooks2 жыл бұрын

  Hi there, sorry can you please clarify which type of expense you are trying to categorise?

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  @frahmarielibag31182 жыл бұрын

  @@TallBooks Thank you for your attention to this. References and Reference are already reconciled.. I don't know about the guest talk and card refund. They are both money received.

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  @TallBooks2 жыл бұрын

  @@frahmarielibag3118 Refunds are coded back where the initial expense went. So for example if the card expense was to office expenses. Put the refund back against office expenses. For Guest Talk if it's money earned it should have a revenue code you can use. If it's a regular income and you don't have one set-up go to the chart of accounts and make a new income account. If not use other income

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  @frahmarielibag31182 жыл бұрын

  @@TallBooks thank you so much!

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  @cheongxinru33022 жыл бұрын

  May I know how to allocate the percentage for step 4 where there is multiple lines (example parking fees and petrol fees)

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  @TallBooks2 жыл бұрын

  If I understand correctly you want to split an expense into multiple lines. To do this on the banking screen you click the create tab on the right and then add details in the corner of the create tab, this opens up the transaction so you can add multiple lines. (Only necessary if you want to split an expense between multiple categories)

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  @bronsonnathan11852 жыл бұрын

  Hi mate, iv recently started working as a sole trader and need to do my first activity statement , could i try do the myself or is it best to find a bookkeeper or accountant to do this thanks..

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  @TallBooks2 жыл бұрын

  Hi Bronson, you can definitely give it a try. Start with our bank reconciliation videos then watch the BAS and you should be fine. If you want to book a training session or have us review it just shoot me an email.

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  @bronsonnathan11852 жыл бұрын

  @@TallBooks thank you I will see how I go and get back to you. Cheers

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  @runoverrun60422 жыл бұрын

  hello, my business had to pay a "subscription fee with 10% GST included" to Shopify earlier (when it was NOT GST-registered). This transaction was reconciled as "BAS excluded" in Xero. After registering for GST, the company ABN is provided to Shopify. Since then, the Shopify bill no longer charges the 10% GST. So now, the subscription fee paid to Shopify should be reconciled as "GST Free Expenses"? thanks in advance :)

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  @TallBooks2 жыл бұрын

  Hi there, yes that's correct. As you've alerted Shopify with your abn they will now exclude GST from the price and you can mark the fees as GST free purchases.

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  @seenaumarudheen69652 жыл бұрын

  Can I calculate annual revenue of an organisation from this report?

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  @TallBooks2 жыл бұрын

  Yes, run it for the full year in the date section.

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  @seenaumarudheen69652 жыл бұрын

  @@TallBooks Could you please tell me what field represents the annual revenue in yearly profit and loss report?

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  @seenaumarudheen69652 жыл бұрын

  Also how can I find book on debt value from xero?

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  @pualo92632 жыл бұрын

  How do you do a deposit invoice or progress payment invoices so you can see the balance of the total quoted cost, (for a building / construction invoice)?

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  @TallBooks2 жыл бұрын

  Hi Pablos, you'd need an add-on in xero there's only workaround, unfortunately this isn't part of the core product

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  @pualo92632 жыл бұрын

  @@TallBooks projects?

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  @TallBooks2 жыл бұрын

  @@pualo9263 this may allow for it but not included in standard Xero

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  @pualo92632 жыл бұрын

  @@TallBooks do you do one on one phone tutoring? or do you have a course?

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  @TallBooks2 жыл бұрын

  @@pualo9263 Hi Pablos, we offer 1 on 1 coaching. Either message via our website or [email protected] and I can give you some more info.

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  @kirstysouthern53832 жыл бұрын

  Thank you! Thank you! Thank you! Your video's are so helpful and explained really simply. Perfect.

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  @TallBooks2 жыл бұрын

  My pleasure, glad you enjoyed!

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  @dcautosparky2 жыл бұрын

  Add about Xero came up in this video 🤣🤣🤣

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  @TallBooks2 жыл бұрын

  lolol

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  @varshapatel52332 жыл бұрын

  Thank you dear. I got response from Xero support for UK. Thank you once again.

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  @varshapatel52332 жыл бұрын

  I couldn't save NI category for UK client.

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  @TallBooks2 жыл бұрын

  Hi @Varsha this is an Australian tutorial, you'll be able to find an equivalent or similar in the UK version most likely, otherwise refer to online notes.

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  @jt65532 жыл бұрын

  Thanks Sam. How would you process an expense claim for a 100% work related personal electronic device (eg $1100 inc GST iPhone) where the employee will salary sacrifice the ex-GST pre-tax amount, and be reimbursed the full amount? I can get the reimbursement done using a clearing account as you described. However, I'm not sure how to clear the suspense account for the pre-tax deduction.

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  @TallBooks2 жыл бұрын

  Have you set-up a deduction pay item in Payroll settings>Pay items. That can be linked as pre-tax and set to specific account.

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  @jt65532 жыл бұрын

  @@TallBooks I do have a deduction pay item linked to a new suspense account (Liability). But that's where my knowledge falls short. My understanding is a suspense account is temporary and I don't know what to do with the balance - that is, how do I clear it?

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  @TallBooks2 жыл бұрын

  @@jt6553 Where did you code the original purchase? It can go against this if they are paying it off. For example the amount could go to suspense, then the employee pays it off against suspense netting to zero?

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  @jt65532 жыл бұрын

  @@TallBooks The employee salary sacrificed the full amount instead of paying it off but I will look at that in future. In this case I linked the salary sacrifice pre-tax deduction to Wages and Salary and this seems to work. Thank you Sam

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  @alexiequesea87782 жыл бұрын

  Hi sam, just wanted to ask, how if I erroneously entered and save a wrong account entry in the process of allocation? what would I do to correct it and to avoid double entry in the books? sorry for asking, i am a newbie here.

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  @TallBooks2 жыл бұрын

  Hi Alexie, easy to fix! Go to the bank transactions screen and toggle the option to all transactions or allocated. Source the one you've mistakenly coded and just click into the area with the account selected and type over it. Another option is to run a general ledger report and find the account in question open the transaction and edit.

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  @alexiequesea87782 жыл бұрын

  @@TallBooks Thank you for your response, so in general ledger, to edit it I will just select it and click the replace button? What will be the implications if I will first delete the created allocation transaction? Because, after unallocated it, I can still see the transaction created, then when I opened the created transaction from erroneous allocation, I see a delete button, but I am not deleting it yet. Thanks in advance.

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  @TallBooks2 жыл бұрын

  @@alexiequesea8778 You can delete the associated spend/receive money then reprocess no issues. There should be a correlating bank transaction to allocate.

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  @alexiequesea87782 жыл бұрын

  @@TallBooks Oh ok... Thanks for your help. Regards.

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  @user-vw2ck7fj5l2 жыл бұрын

  Dear Sir, Pls let us know how to include a freight invoice though which the FOB prices increases?

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  @alkabahal48202 жыл бұрын

  Hi, thanks for the video. We have an employee already set up, moving from casual to permanent. I changed it in taxes but when comes to pay template still shows hours but now she is salaried. How to I change this. She started as a casual but now been given full time salary

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  @TallBooks2 жыл бұрын

  No worries, click into their pay template tab then click into the earnings hyperlink they have currently. You should be able to click salary instead of enter rate and then it changes. If you can't see it just remove the current ordinary hours and then add a new and select salary. You can then enter the salary and hours per week.