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.
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
Learn how to produce and send sales invoices to your customers.
MATCH Bank TRANSACTIONS
Learn how to match sales and bills to your bank transactions.