Thanks for watching! Did you find a new trick you didn't know about? Tell me about it!
@lukefrye58716 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...
@AcuityEcommerce6 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. ;)
@lukefrye58716 жыл бұрын
So true. Great, the checks in the mail ;P
@AcuityEcommerce6 жыл бұрын
Luke Frye, CPA - LOL.
@raizen82702 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 🙏
@AcuityEcommerce2 жыл бұрын
Thanks for subbing!
@tagliollc30816 жыл бұрын
That was awesome, especially tip 5 since I do use spreedsheets often. Thanks Patti!
@beibeipan34023 жыл бұрын
Great Help! thank you!
@AcuityEcommerce3 жыл бұрын
You're welcome!
@intelligentindian9403 жыл бұрын
Nicely explained
@AcuityEcommerce3 жыл бұрын
Thank you!
@tatianman6 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.
@AcuityEcommerce6 жыл бұрын
Loretta Man Right. This is assuming you're staying with a clean slate.
@AcuityEcommerce6 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!
@charlafarris56333 жыл бұрын
I used tip #1 and my import was awesome except they did not import as reconciled?
@AcuityEcommerce3 жыл бұрын
Hmmm.... did each line have a tax code? That's the most common issue I see.
@charlafarris56333 жыл бұрын
@@AcuityEcommerce I put an account code on each line, but did not use a tax type
@junepaologuarin87624 жыл бұрын
I forgot about the cash coding.
@AcuityEcommerce4 жыл бұрын
That's a biggie. :)
@faizirana563 жыл бұрын
I want to be a partner of Xero accounting , can you help me ?
@AcuityEcommerce3 жыл бұрын
Not really. I don't work for Xero. :) I would just reach out to them at Xero.com
@diannesingleton18824 жыл бұрын
Depreciation is not need for an asset that low in cost anymore.
@AcuityEcommerce4 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.