SETTING UP A BANK ACCOUNT

Once you’ve signed up to Xero, one of the first things you will want to do is set up your bank accounts.

It is very simple to add a bank account in Xero. You can then either manually import your bank statements or you can set up bank feeds so that Xero automatically updates daily.

In this blog we will go through how to set up a bank account, import a statement, and set up a bank feed. In the next blog post we will discuss how to reconcile the bank statement.

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Small business owners all have one thing in common: they need expert bookkeeping services Adelaide. Regardless of the type of business you own, it’s important that your bills get paid on time, the payroll is done correctly, and taxes get filed. There are so many important jobs that the bookkeeper handles each week but most of us don’t give it a thought unless something goes wrong. Maintaining your books is about more than just keeping up with the inventory, payroll, bank statement etc. When you know how your business is doing at all times, it can help you make wiser financial decisions.