How to get the most from your Xero plan
Some recommendations to make your company’s finances easier to manage
Your Xero plan is a powerful tool but only if it is kept up to date. These habits ensure you get the most from your subscription.
Weekly habits
- Reconcile your bank feed every Friday: this will take on average ten minutes once you are in a routine
- Raise invoices the day work is completed, not at the end of the month
- Photograph receipts immediately using the Xero app and attach them to the transaction
Monthly habits
- Run a Profit and Loss report and check it looks consistent with what you have sold and spent
- Check the Aged Receivables report and chase any overdue invoices
- Review the Balance Sheet and note your Director Loan Account balance
Use the training sessions
Every BSQ Accounting plan includes access to our weekly Xero training sessions. If you are new to Xero, attend the beginner session first. As you become more comfortable, intermediate and advanced sessions cover features that can save you significant time.
💡 Good to know: If something in Xero does not look right, or you are unsure how to record a transaction, contact us before guessing. A two-minute question prevents hours of correction work later.
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