Can some one please help me The bill has been input into the system by myself using the EC Acquisitions tax rate Xero thinks the total for the bill is €3161.50. This is correct but this total is excluding the 21% tax. When it comes to reconciling the bill the total funds which left my account were £3437 this amount is including tax.

In Xero create a description called "Dividends Paid'. I use account 965 but you can choose whatever suits you. Xero is a bit different to accountants software programs like Reckon Elite or MYOB as it doesn't seem to enable an "Appropriation Account" for payments such as Dividends and Income Tax but still works ok just not pure accounting which ...

I am struggling to understand XERO receipts so payments on our invoices issued to our customer accounts we add a payment to the invoice if a customer makes a payment and then reconcile the next day the statement line when the bank feed comes up on the dashboard to be reconciled we migrated over to Xero from sage and some payments are on but showing from a different bank account and look's like ...