On the accounting software the menu heading will still show as ‘draft’, but if you download them or email them to your clients, they will have a Proforma heading on. Download one to see it works. Just make sure not to approve them. If you do, they will turn into an invoice and be …
Proforma invoice: What is it and how it affects your VAT? Continue Reading »
Once you are ready, you can approve it and send it to your customer. Credit notes can reduce your tax bill Many companies have outstanding sales invoices sometimes dating back to even years. If your company is one of them, and you are registered for VAT (and submit your VAT on an accrual basis): …
Credit Note: What it is and how it can reduce your taxes? Continue Reading »
Things to keep in mind if someone is setting it up for you As you can see, Xero conversion balances can be set up very quick with little minimal information or very detailed. This is also the case when accountants set it up manually. What do you get when Xero is very well set …
