5 Coolest Xero Tips|Ecommerce Accounting|Capturing Clouds 5 …

5 Coolest Xero Tips|Ecommerce Accounting|Capturing Clouds
5 Coolest Xero Tips

My on-line audit teams have actually gotten on fire today speaking about the most up to date rate rise for QuickBooks Online. Because of this, a number of accounting professionals have actually been speaking about taking a review at exactly how to utilize Xero.

This video clip offers you 5 of my leading Xero ideas: Xero Recode and also discover, Bank Rules, as well as … 3 even more of my favored audit pointers as well as techniques.

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We’re right here to make ecommerce services much better.

Capturing Clouds, co-founded by a Patti Scharf (CPA) and also Scott Scharf (ecommerce technology nerd), has actually been concentrated on ecommerce audit because 2012. Currently we’ve brought our understanding and also experience to YouTube to assist share vital ecommerce, bookkeeping, and also company info with everybody that’s searching for it.

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Capturing Clouds
5 Coolest Xero Tips

26 thoughts on “5 Coolest Xero Tips|Ecommerce Accounting|Capturing Clouds 5 …

  1. Patti, I think you just saved me hundreds of hours. Where would you like me to mail the check? Importing a categorized statement!? Automated fixed asset depreciation!? I had no idea…

    1. I KNOW, RIGHT?!! When I hear people complain about the reporting in Xero, I’m just like… man, I can live with not-as-great reporting if my day-to-day work life is amazingly simple and easy. And you’re welcome. Our office address is: 17011 Lincoln Ave 619, Parker, CO 80134. ;)

  2. Thanks for watching! Did you find a new trick you didn’t know about? Tell me about it!

  3. The CSV file import with categorization is a super cool trick. This is assuming none of the expenses has been previously entered correct? this is just coding from bank feed.

    1. I believe the standard threshold for capitalizing an asset (i.e., depreciating it over time) is $2,500.

      Even if you purchase something that’s greater than $2,500, you may be able to accelerate the depreciation (i.e., take the expense faster). When you get to this point, you should probably be talking to a tax CPA about your options and tax strategy.

  4. Hello patti new subscriber here😊 I’m glad I found your channel . Pls upload more videos about e-commerce bookepping using xero . Thank you 🙏

  5. they really are cool tips but I couldn’t get the 2-nd can you explain it better where I can find this option to find and record

    1. I know! They annoyingly changed the menus on me after I did this video. :)

      Go to Accounting > Advanced > Find and Recode.

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