5 Coolest Xero Tips|Ecommerce Accounting|Capturing Clouds
https://www.youtub e.com/watch?v=qbb9qh649e4
5 Coolest Xero Tips My on-line audit teams have really gotten on fire today reviewing the present price increase for QuickBooks Online. As an end result, a great deal of accountancy experts have really been reviewing taking a testimonial at just how to use Xero. This video clip provides you 5 of my leading Xero recommendations: Xero Discover and also Recode, Bank Rules, as well as … 3 even more of my favored bookkeeping ideas and also methods. New to Capturing Clouds Academy? Well, allow me notify you a little bit regarding us. We’re below to make ecommerce business better. Catching Clouds, co-founded by a Patti Scharf (CERTIFIED PUBLIC ACCOUNTANT) and also Scott Scharf (ecommerce technology nerd), has in fact been focused on ecommerce accountancy considered that 2012. Currently we have really brought our understanding and also experience to YouTube to help share critical ecommerce, accountancy, and also firm details with everyone that’s searching for it. Think that may be you? Please subscribe! ★ VIDEO LINKS ★. https://www.xero.com/us/?type=partner&pid=43WQVV. https://www.youtube.com/edit?o=U&video_id=Ww5HHCobGq0. https://www.youtube.com/watch?v=d3SeytAl6DU. ★ SIGN UP FOR United States ON YOUTUBE ★. https://www.youtube.com/c/CatchingCloudsAcademy. ★ OUR ONLINE COURSES ★. Accountancy for Amazon ► https://academy.catchingclouds.net/p/accounting-for-amazon. Bookkeeping for Shopify ► https://academy.catchingclouds.net/p/accounting-for-shopify. As well as right here’s a distinct price cut price CODE for you YouTubers! 5% Discount price on All Courses ►. YOUTUBELOVE5. ★ LET’S CONNECT ★. Completely complimentary teams below (for interactive discussion). Facebook Neighborhood for Sellers. ► https://academy.catchingclouds.net/p/facebook-group-for-ecommerce-sellers. Facebook Neighborhood for Accountants. ► https://academy.catchingclouds.net/p/facebook-community-for-accountants. You can similarly have a look at our website for updates, video clips, as well as special declarations. ► http://www.catchingclouds.net. ★ MORE RESOURCES ★. http://www.catchingclouds.net/training. http://www.catchingclouds.net/speaking. ★ FOLLOW United States! ★. Facebook: @CatchingCloudsLLC. Twitter: @CatchingClouds, @CCAcademy8, @PScharfCPA. Instagram: @CatchingCloudsAcademy. Pinterest: @CatchingCloudsAcademy. LinkedIn: https://www.linkedin.com/company/catching-clouds/. https://www.youtube.com/watch?v=qbb9qh649e4&feature=youtu.be
Capturing Clouds 5 Coolest Xero Tips
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…
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. 😉
So true. Great, the checks in the mail ;P
Luke Frye, CPA – LOL.
Thanks for watching! Did you find a new trick you didn’t know about? Tell me about it!
That was awesome, especially tip 5 since I do use spreedsheets often. Thanks Patti!
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.
Loretta Man Right. This is assuming you’re staying with a clean slate.
*starting 😉
Depreciation is not need for an asset that low in cost anymore.
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.
I forgot about the cash coding.
That’s a biggie. 🙂
Great Help! thank you!
You’re welcome!
I want to be a partner of Xero accounting , can you help me ?
Not really. I don’t work for Xero. 🙂 I would just reach out to them at Xero.com
I used tip #1 and my import was awesome except they did not import as reconciled?
Hmmm…. did each line have a tax code? That’s the most common issue I see.
@Catching Clouds Academy I put an account code on each line, but did not use a tax type
Nicely explained
Thank you!
Hello patti new subscriber here😊 I’m glad I found your channel . Pls upload more videos about e-commerce bookepping using xero . Thank you 🙏
Thanks for subbing!
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
I know! They annoyingly changed the menus on me after I did this video. 🙂
Go to Accounting > Advanced > Find and Recode.