Category: Bookkeeping

After fixing the error, verify that the action was successful by checking the status of the transactions in question. The two checks that we just unreconciled should be unmarked, and the $325 that we marked as reconciled should have an “R” status. You might have reconciled it by accident, or it’s an error and needs… Read more

Employees can submit a reimbursement request as soon as their receipts are uploaded, and the business owner can track expenses totals by category as they are submitted (Figure C). With Xero Expenses, which is included free with the Established plan, your scanned receipts sync with the accounting software in real time. You can assign expenses… Read more