Settings and activity
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30 votes
An error occurred while saving the comment Vigna Vinayagamoorthy supported this idea · -
20 votes
An error occurred while saving the comment Vigna Vinayagamoorthy commentedAccount type for 'taxation expenses' is very important in order to separate corporation tax (current tax and deferred tax) from the operating expenses / overheads of a company.
Vigna Vinayagamoorthy supported this idea ·
Have a system generated 'Source document' number for each transaction posted in Xero at each company level.
This will help to track any transactions easily since there is no sequence serial number system in Xero for Bills and bank transactions postings.
Also, will help to communicate to client or team in one single language and everyone can easily identify the transaction if this is also made available in 'Search' function.
In addition to this, it is also better to have separate sequence number system for bills, bank / cash transactions to check the completeness of those transactions posted in order.