The difference between a Spend Money and a Bill in Xero

[@SamPhillippe-c5u]

Very helpful video thank you, perfectly the explanation we were looking for!

[@NZTechArc]

You have completely missed the point of explaining this! We all know the difference in how we spend money. what we want to know is the difference that happens in XERO, aka your title. Spending money is spending money, there is no financial difference to these 2 situations, other than the money leaves your account sooner. You should explain what it does inside xero and the benefits of each process within Xero. that is the question everyone has been asking since Xero came along which Xero themselves have been unable to answer. And consider simple reconciliation and what it does compared to pre entering a biil. consider the reporting aspects of each and the visibility of each.

[@virtualheightsaccounting]

Thanks for your comments. My explanation for this one is focused on the explanation of what each is. But I see your point in that we could go further in explaining why this matters. Ultimately, if you walk into a store and pay you of course just "Spent Money" and if you ask them to invoice your account then that would be a bill. But "I think" you're wanting to see an expansion of the reporting side to that equation and perhaps an explanation of cash vs accrual accounting. I will take your notes and see if we can add Part 2. Cheers.