Steps in Accounting cycle - DBA502E-18EX-M07-JX by TANZ eCampus https://padlet.com/itsupport4/uwq9kgq9gxqt DBA502 - Applied Accounting en-us 2018-06-29 04:16:52 UTC 2018-07-01 05:43:27 UTC hello@padlet.com https://padlet-assets.s3.amazonaws.com/icons/Bigthunderstorm.png Close the accounts itsupport4 https://padlet.com/itsupport4/uwq9kgq9gxqt/wish/268936534 2018-06-29 04:16:52 UTC https://padlet.com/itsupport4/uwq9kgq9gxqt/wish/268936534 Prepare financial statements itsupport4 https://padlet.com/itsupport4/uwq9kgq9gxqt/wish/268936535 2018-06-29 04:16:52 UTC https://padlet.com/itsupport4/uwq9kgq9gxqt/wish/268936535 Journalise and post adjusting entries itsupport4 https://padlet.com/itsupport4/uwq9kgq9gxqt/wish/268936536 2018-06-29 04:16:52 UTC https://padlet.com/itsupport4/uwq9kgq9gxqt/wish/268936536 Prepare a trial balance itsupport4 https://padlet.com/itsupport4/uwq9kgq9gxqt/wish/268936537 2018-06-29 04:16:52 UTC https://padlet.com/itsupport4/uwq9kgq9gxqt/wish/268936537 Post transactions to ledger accounts itsupport4 https://padlet.com/itsupport4/uwq9kgq9gxqt/wish/268936538 2018-06-29 04:16:52 UTC https://padlet.com/itsupport4/uwq9kgq9gxqt/wish/268936538 Journalise transactions itsupport4 https://padlet.com/itsupport4/uwq9kgq9gxqt/wish/268936539 2018-06-29 04:16:52 UTC https://padlet.com/itsupport4/uwq9kgq9gxqt/wish/268936539 Collect and analyse info from source docs itsupport4 https://padlet.com/itsupport4/uwq9kgq9gxqt/wish/268936540 2018-06-29 04:16:52 UTC https://padlet.com/itsupport4/uwq9kgq9gxqt/wish/268936540 https://padlet.com/itsupport4/uwq9kgq9gxqt/wish/269001775 Once a transaction in Xero is recorded it is then 'posted' to the ledger.]]> 2018-06-29 21:46:12 UTC https://padlet.com/itsupport4/uwq9kgq9gxqt/wish/269001775 https://padlet.com/itsupport4/uwq9kgq9gxqt/wish/269001810 An invoice is emailed and ready to be entered into Xero]]> 2018-06-29 21:47:18 UTC https://padlet.com/itsupport4/uwq9kgq9gxqt/wish/269001810 https://padlet.com/itsupport4/uwq9kgq9gxqt/wish/269001838 Go to Xero Reports and select Trial Balance with the correct date range :)]]> 2018-06-29 21:47:53 UTC https://padlet.com/itsupport4/uwq9kgq9gxqt/wish/269001838 https://padlet.com/itsupport4/uwq9kgq9gxqt/wish/269001878 Go to Xero Reports and select the appropriate financial statements (Profit & Loss, balance Sheet, bank reconciliation etc.)]]> 2018-06-29 21:48:54 UTC https://padlet.com/itsupport4/uwq9kgq9gxqt/wish/269001878 https://padlet.com/itsupport4/uwq9kgq9gxqt/wish/269001939 In Xero go to Manual Journal and post end of month adjustments such as percentage of home use utilities. ]]> 2018-06-29 21:50:13 UTC https://padlet.com/itsupport4/uwq9kgq9gxqt/wish/269001939 https://padlet.com/itsupport4/uwq9kgq9gxqt/wish/269002012 Record the invoice in Xero.]]> 2018-06-29 21:52:05 UTC https://padlet.com/itsupport4/uwq9kgq9gxqt/wish/269002012 https://padlet.com/itsupport4/uwq9kgq9gxqt/wish/269002032 Logout of Xero]]> 2018-06-29 21:52:41 UTC https://padlet.com/itsupport4/uwq9kgq9gxqt/wish/269002032 https://padlet.com/itsupport4/uwq9kgq9gxqt/wish/269058782 Invoices are entered into Xero against the correct supplier name and account (Activity) for the invoice (ie, Stock, Vehicle etc) Ngaire]]> 2018-07-01 05:42:00 UTC https://padlet.com/itsupport4/uwq9kgq9gxqt/wish/269058782