If you are starting a new business and you wish to use the
services of Xero, then the basic things that you would have to understand are
as given below:
Method of computing
GST on ‘Cash Basis.’
The transactions that you would have to add in your Xero
file are:
·
Invoice payments received
·
Bills Paid
·
Expense claims paid
·
Manual journals on the journal date where the
checkbox shows journal on cash basis reports are selected.
·
Spend money transactions.
·
Receive money transactions
The method of computing GST on ‘Accrual Basis.’
The transactions that you would
have to add in your Xero file are:
·
Invoices on the invoice date
·
Bills on the bill date
·
Expense claims on the reporting date
·
Manual journals on the journal date
·
Spend money transactions
·
Receive money transaction
If you wish to attain more
information about the services, then the users can connect with Xero Customer Support number,where they would get all the
required assistance.
Read more: Xero
customer support phone number
