5 Coolest Xero Tips | Ecommerce Accounting

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5 Coolest Xero Tips | Ecommerce Accounting | Catching Clouds

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Acuity Ecommerce Accounting

Күн бұрын

Пікірлер: 30

@AcuityEcommerce 6 жыл бұрын

Thanks for watching! Did you find a new trick you didn't know about? Tell me about it!

@lukefrye5871 6 жыл бұрын

Patti, I think you just saved me hundreds of hours. Where would you like me to mail the check? Importing a categorized statement!? Automated fixed asset depreciation!? I had no idea...

@AcuityEcommerce 6 жыл бұрын

I KNOW, RIGHT?!! When I hear people complain about the reporting in Xero, I'm just like... man, I can live with not-as-great reporting if my day-to-day work life is amazingly simple and easy. And you're welcome. Our office address is: 17011 Lincoln Ave 619, Parker, CO 80134. ;)

@lukefrye5871 6 жыл бұрын

So true. Great, the checks in the mail ;P

@AcuityEcommerce 6 жыл бұрын

Luke Frye, CPA - LOL.

@raizen8270 2 жыл бұрын

Hello patti new subscriber here😊 I’m glad I found your channel . Pls upload more videos about e-commerce bookepping using xero . Thank you 🙏

@AcuityEcommerce 2 жыл бұрын

Thanks for subbing!

@tagliollc3081 6 жыл бұрын

That was awesome, especially tip 5 since I do use spreedsheets often. Thanks Patti!

@beibeipan3402 3 жыл бұрын

Great Help! thank you!

@AcuityEcommerce 3 жыл бұрын

You're welcome!

@intelligentindian940 3 жыл бұрын

Nicely explained

@AcuityEcommerce 3 жыл бұрын

Thank you!

@tatianman 6 жыл бұрын

The CSV file import with categorization is a super cool trick. This is assuming none of the expenses has been previously entered correct? this is just coding from bank feed.

@AcuityEcommerce 6 жыл бұрын

Loretta Man Right. This is assuming you're staying with a clean slate.

@AcuityEcommerce 6 жыл бұрын

*starting ;)

@rozetagoxhaj9332 Жыл бұрын

they really are cool tips but I couldn't get the 2-nd can you explain it better where I can find this option to find and record

@AcuityEcommerce Жыл бұрын

I know! They annoyingly changed the menus on me after I did this video. :) Go to Accounting > Advanced > Find and Recode.

@user-zc5dw9dk6q Жыл бұрын

Hi Patti, thanks so much for the amazing content. Trick number 5 not working for me sadly... auto reconciliation... any idea what I might be doing wrong? Thank you so much!

@AcuityEcommerce Жыл бұрын

Without seeing it, I wouldn't be able to help, but don't be afraid to reach out to Xero's support!

@user-zc5dw9dk6q Жыл бұрын

@@AcuityEcommerce Thank you - I figured it out, some of the tax types weren't entered exactly as per the Chart of Accounts, so they were not matching up perfectly and therefore not reconciling. Re-did it and reconciled 200 transactions in minutes! Thanks so much!!!

@AcuityEcommerce Жыл бұрын

Glad it worked out!

@charlafarris5633 3 жыл бұрын

I used tip #1 and my import was awesome except they did not import as reconciled?

@AcuityEcommerce 3 жыл бұрын

Hmmm.... did each line have a tax code? That's the most common issue I see.

@charlafarris5633 3 жыл бұрын

@@AcuityEcommerce I put an account code on each line, but did not use a tax type

@junepaologuarin8762 4 жыл бұрын

I forgot about the cash coding.

@AcuityEcommerce 4 жыл бұрын

That's a biggie. :)

@faizirana56 3 жыл бұрын

I want to be a partner of Xero accounting , can you help me ?

@AcuityEcommerce 3 жыл бұрын

Not really. I don't work for Xero. :) I would just reach out to them at Xero.com

@diannesingleton1882 4 жыл бұрын

Depreciation is not need for an asset that low in cost anymore.

@AcuityEcommerce 4 жыл бұрын

I believe the standard threshold for capitalizing an asset (i.e., depreciating it over time) is $2,500. Even if you purchase something that's greater than $2,500, you may be able to accelerate the depreciation (i.e., take the expense faster). When you get to this point, you should probably be talking to a tax CPA about your options and tax strategy.