Bookkeeping Services Using Xero

A complete and organized process to manage your finances efficiently: (Sample works- upload ongoing)

Initial Xero Setup

• Setting up your Xero account and organization profile
• Customizing the Chart of accounts to fit your business
• Configuring tax rates, payment terms, and invoice settings
• Importing existing data (from Excel, QuickBooks, or other platforms)

Daily Transaction Management

• Recording sales, purchases, and expenses
• Categorizing transactions based on your Chart of Accounts
• Utilizing Xero’s bank rules for faster transaction coding

Invoice & Billing Process

• Creating and sending professional invoices with your branding
• Setting up recurring invoices and automatic reminders
• Recording bills and managing payment schedules
• Tracking accounts receivable and accounts payable

Bank & Credit Card Reconciliation

• Connecting bank accounts and credit cards to Xero for automatic feeds
• Matching transactions quickly using Xero’s reconciliation tool
• Reconciling statements on a daily, weekly, or monthly basis

Payroll Processing & Adjustments 

• Setting up payroll in Xero (or Xero-integrated payroll apps)
• Recording payroll journal entries
• Allocating wages and deductions to the correct expense categories

Inventory Tracking

• Monitoring product inventory and cost of goods sold (COGS)
• Adjusting stock levels and reconciling with sales data
• Generating inventory movement reports

Tax-Ready Preparation

• Organizing tax-deductible expenses
• Generating GST/VAT returns and tax-related reports
• Exporting data for accountants or tax agents

Monthly & Quarterly Reports

• Profit & Loss Statement
• Balance Sheet
• Cash Flow Statement
• Aged Receivables and Payables
• Customized management reports

Year-End Cleanup & Support

• Reviewing and fixing transaction errors or duplicates
• Checking audit trails for accuracy and compliance
• Preparing complete and accurate books for your CPA or tax filing