Xero - How To Process Prepayments or Payments In Advance

How to Apply Prepayments or Deposits in Advance

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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.

 Download the Full Procedure as PDF

Transcription Disclaimer: The information provided in this article is general in nature and does not constitute personal financial, legal or tax advice. While every effort has been made to ensure the accuracy of this content at the time of publication, tax laws and regulations may change, and individual circumstances vary. Dolman Bateman accepts no responsibility or liability for any loss or damage incurred as a result of acting on or relying upon any of the information contained herein. You should seek professional advice tailored to your specific situation before making any financial or tax decision.