sblive Xero Guide

1. Give your journal some narrative to explain its purpose. This is particularly if other users review the date or when reviewing historic data. 2. The date you want the journal to be effective from. 3. Journals can be set to automatically reverse on a set date. 4. Select this box to use the default narrative from ( 1 ) in the journal detail. 5. Journals can be shown on the cash basis reports by selecting this box. Cash basis reports include the cash summary and cash basis VAT return. 6. Select whether the entries are inclusive or exclusive of VAT. 7. Description of the posting. This defaults to narrative if ( 4 ) is ticked. 8. The chart of accounts code to post to. 9. Tax rate is the VAT rate to apply to each individual component of the journal. 10. If using the tracking categories in the software you can assign your journals to these categories.

11. Debit side of the journal. 12. Credit side of the journal.

Note: The totals for 11 and 12 must equal for the journal to be able to be posted correctly.

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