How do I?
Every few weeks as we release new features and improvements to Xero, the user guide and How do I guide are updated to provide you with the most up-to-date and relevant information and tips about using Xero.
Our latest guide, How do I manage funds or cash in and out of by business shows you how to:
- Record a purchase I’ve paid for with my own money
- Record personal spending from a business credit card
- Record cash taken from or put in to the business
The guide explains how Xero supports the use of a current account or liability account for owners’ funds that are introduced or withdrawn – a liability account is typically seen as a loan to shareholders, and money paid back from shareholders. The choice of showing your funds introduced as equity or a liability is completely dependent on the set up of your company.
The guide also explains how to record when you have bought things personally and instead of taking back the cash you can increase your Owners Funds Introduced.
These guides will help you to get on with running your business – and leave Xero to look after the accounting. Of course – we do recommend that get your financial adviser to help you as they will be able to provide advice that is specific to your business. If you’re interested in the accounting that’s happening behind Xero – have a look at this.
Read more about Business, Tips (Xero Business)
2 comments
Jenny
Hey Jenny – you can’t get a hard copy of our help other than printing various sections directly from help.xero.com – we update Xero so often that a printed manual would be out of date every few weeks so we decided not to go down this route. Is there a particular area you wanted to read more detail on? I could point you to the best pages in Help Center to read. There are also loads of instructional videos, from overviews to more detailed step by step instructions and we’ve seen these are popular as well.
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- Justin_Prokill: 10 months in now and nothing can compare to Xero and the way it liberates us from the chores of business admin. A must for the SME!
- leemanng: Went on a great #xero workshop this morning, every business should be using it for their bookkeeping as it will give you back your life
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Does any one know I could buy a hard copy Xero user manual somewhere? I’d like to read the manual in details and I’m frustrated that I couldn’t get one at the moment.
Thanks
Jenny