Millward, May & Co - Wokingham Accountants
Wokingham Accountants

Xero

Xero Tutorials

Xero is a fantastic software and will enable you to not only keep compliant records but also enable you to track your profit and cash flow in real time.

We would suggest keeping on top of your books (i.e. adding sales, adding bills & matching them to your bank) as it becomes a huge task if you have to catch up with things - trust us when we say, its much easier to work things out a short period after the event than a few months (or even years!) down the line.

We would also suggest using the app to add expenses (and sales if you’re on the go) - to download it, click here for apple users and here for android users.

Please do not hesitate to contact us if you have any queries.


Link bank account

Click here for a list of banks that send daily feeds of bank transactions directly into Xero. You can set up feeds from multiple banks and any number of bank accounts.

Direct bank feeds are automatic, secure, accurate and reliable – there’s no need to do manual imports anymore. Some banks charge fees for the provision of a bank feed.

If your bank doesn’t offer direct bank feeds to Xero, you will still be able to connect a free Yodlee bank feed - the drawback to Yodlee feeds is that transactions brought into Xero may not be 100% accurate and so you’ll need to check these against your bank statements.


EDIT STANDARD INVOICE

Create great looking and professional sales invoices to send to your customers


Invoice customers

Learn how to produce and send sales invoices to your customers.


Add Bills from Suppliers

Learn how to add expense receipts. We would suggest using the app - to download it, click here for apple users and here for android users.


MATCH Bank TRANSACTIONS

Learn how to match sales and bills to your bank transactions.


VAT tutorials

VAT on mileage - reclaim VAT on the fuel element of mileage reimbursement.