#Xero invoicing accounting for free
#Xero invoicing accounting how to

Add to 1099 Contact Group: Form 1099s are never sent to customers, so you can leave this field blank.

W-9 Business Classification: W-9s apply to vendors, not customers, so you can leave this field blank.

Tax: Enter the customer’s tax ID number and indicate which sales tax should be charged on sales.

Purchase Settings: This is applicable for suppliers, not customers, so you can leave this blank.

You can also select a default income account for these sales.

Sales Settings: These settings include Tax inclusive, Tax exclusive, or No tax.

All defaults can be overridden in individual transactions. In the Financial Information section, you can also enter default settings that will help with invoicing.

#Xero invoicing accounting how to

See more information about how to edit contact details below. To add a contact name to the payee field after the fact, edit it in the Contacts field. You can’t move contacts manually into the Customers or Suppliers group, and if you see a contact name listed as “unknown,” it’s likely because this contact was created during cash coding and the payee field was left empty. Once you have entered an invoice, bill, or credit transaction for a customer, its classification will change to Customer or Supplier. When you add or import new contacts, they will automatically appear in the All group. In Xero, contacts are arranged into All, Customers, and Suppliers contact groups, and you can access these by navigating to Contacts in the menu bar at the top of the page. Visit Xero Step 1: View and Add Customers in Xero

#Xero invoicing accounting for free

If you don’t yet have one, you can try the platform for free for 30 days, no credit card required. You’ll receive the most benefit from this by following along in your own account. We created our tutorials to help you better understand how to use Xero, one of our best small business accounting software. We’re also going to cover how to add, view, and manage your customers. In this guide, the second in our series of free Xero courses, we’ll go over how to create an invoice in Xero and how to send one, as well as how to view open invoices and run an aged receivables summary report.