Xero – How To Process Prepayments or Payments In Advance
A real trick for many people is how to handle prepayments, payments in advance or deposits on goods and services before the service or goods is delivered.
Many people just leave the transaction as unreconciled until the invoice is raised, but there is a complete solution.
Xero has a great process for handling prepayments.
We have a Step by Step Procedure downloadable as a PDF available for download. Just click the link below.