How to run a year end in Xero

[@louism.4980]

Very clear and concise, thank you!

[@irenedikko5256]

your videos have been a life saver honestly thanks so much please keep them coming

[@XUSolutions]

thanks for your kind comment

[@kairitac]

You are a fantastic teacher! Thank you so much and keep these helpful videos coming, please! :) Could you make a video on how to process accruals in Xero, please?

[@XUSolutions]

it’s on my list, hopefully soon

[@spennysimmo3006]

That was really helpful, thanks. I thought it was also useful to see that corporation tax can be shown below the operating profit on the P&L 👍

[@XUSolutions]

It just needs a bit of tweaking on the Xero reports to get it to show in the right place.

[@salmanlohiya8755]

Hi Marion, please can you do a video of entering YE opening balance adjustments for debtors / creditors? By that I mean when the Accountant tells you what jnls to do in the bookkeeping software to align it with the FS's, it's not straight forward doing a jnl against creditors and debtors. I've looked everywhere for a tutorial on Xero but got nothing. Many thanks!

[@XUSolutions]

Okay I will add it to my list. But you are right, you cannot journal to these accounts. If these balances are incorrect it usually means there are missing invoices to enter or invoices to be credited.

[@jske9]

great video thank you!

[@XUSolutions]

Glad you liked it!

[@johnpulella4169]

Can you send a step by Step on how you set up the Corporations Tax in the P & L?

[@johnpulella4169]

How did you get the Retained Earnings Account to show as "Year End"

[@H0meb0y666]

Great content :)

[@XUSolutions]

😊

[@amoleshchandrapaul4934]

Thanks a lot

[@XUSolutions]

Most welcome

[@hughlowell7226]

Brilliant

[@XUSolutions]

😊

[@autordijanaferkovic]

May I ask one silly question? I am afraid what will happen with Year end when it ends on 29.Feb. Will I have any problems with submitting the accounts since this one extra day could be a problem with HMRC. What is your experience with leap year?

[@XUSolutions]

It’s not going to be a problem, even HMRC has cheated up to deal with this.

[@nezamsohel467]

Unbelievable video

[@XUSolutions]

Glad you like it

[@chintukala506]

How to run a draft in xero tax