If you choose to reconnect to Xero in the future, new bank accounts will be generated, and transactions regardless new or old will be synced to the newly created accounts. You will also need to create a one-time manual journal entry to transfer the balance from the old account to the ...
Here’s the right way to use ChatGPT in your job search. See: The Best Jobs in America in 2025 How to Write a Resume With ChatGPT It isn’t hard to write a resume in AI. If you open the ChatGPT website and type, “Write a resume for an entry-level account...
Prepare a payroll journal entry or ledger entry to record your payroll. You can skip this step if you are using an accounting software like Xero or QuickBooks, which automatically creates the journal entries for you. Once you've completed the reconciliation process, you're ready to generate you...
That was implemented due to creating inventory and for creating “Cost of goods sold” (COGS) later on. The problem with this is that landed cost is added to the supplier (ie to Account Payable), which means the amount has to be manually amended via “Journal entry”. With a negative a...
Prepare a payroll journal entry or ledger entry to record your payroll. You can skip this step if you are using an accounting software like Xero or QuickBooks, which automatically creates the journal entries for you. Once you've completed the reconciliation process, you're ready to generate you...