ENTER OPENING BALANCES FROM SAGE BUSINESS CLOUD INTO XERO
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£175(approx. $218)
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- Proposals: 11
- Remote
- #3176163
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Chartered Certified Accountant (ACCA) / IFRS and reporting specialist / Excel expert / Xero Advisor / Book keeper
Yanbu` al Bahr
Graphic Designer |Experienced Web Designer | Video/Audio Editor | PowerPoint/Keynote | Content Writer |
San Jose
5140047310961108221521385062304795343141637562735174728542098554294855517638
Description
Experience Level: Expert
Enter opening Balances into Xero which has already now been set up on a Standard Package
Detailed breakdown of what needs to be completed.
1. Transfer opening balances for Chart of Accounts
2. Set up new nominal codes for Sales Services - showing breakdown of transactions, for example, direct debit, cash payments, online bacs payments, finance. (as shown in these report to to be sent via email). Please ring or email to check what is needed here if necessary. There are no invoices for sales, as payments are generated through a 3rd party, so payments need to be posted as (Debit for Bank - Credit the correct sales service nominal code for they type of transaction that has occurred. Please discuss with me if you feel you are unsure, or happy to recommend alternative method.
3. Set up the Fixed Asset register for - 4 Items
Plant and Machinery - Cost
Plant and Machinery - Accumulated Depreciation
Office Equipment and IT - Cost
Office Equipment and IT - Accumulated Depreciation
Fixtures and Fittings - Cost
Fixtures and Fittings - Accumulated Depreciation
Motor Vehicles - Cost
Motor Vehicles - Accumulated Depreciation
4. Set up payments and accruals for these fixed asset register.
5. Set up Direct Debits for suppliers to be paid monthly ( spreadsheet to be sent showing these in the list)
6. Transfer opening balances for suppliers from the excel spread to be sent. Open the balance with 1 invoice and then the remaining should be posted separately, as this will show a trail of what is outstanding. Please do not use the opening balances in Sage as these are not accurate as discussed. Use the spreadsheet which I will send separately.
Then upon completion, spend 2 hours to show me how to post payments on a monthly basis to each fixed asset register to show the depreciation.
Just go through what you have done within the Chart of Accounts.
Thank you.
Detailed breakdown of what needs to be completed.
1. Transfer opening balances for Chart of Accounts
2. Set up new nominal codes for Sales Services - showing breakdown of transactions, for example, direct debit, cash payments, online bacs payments, finance. (as shown in these report to to be sent via email). Please ring or email to check what is needed here if necessary. There are no invoices for sales, as payments are generated through a 3rd party, so payments need to be posted as (Debit for Bank - Credit the correct sales service nominal code for they type of transaction that has occurred. Please discuss with me if you feel you are unsure, or happy to recommend alternative method.
3. Set up the Fixed Asset register for - 4 Items
Plant and Machinery - Cost
Plant and Machinery - Accumulated Depreciation
Office Equipment and IT - Cost
Office Equipment and IT - Accumulated Depreciation
Fixtures and Fittings - Cost
Fixtures and Fittings - Accumulated Depreciation
Motor Vehicles - Cost
Motor Vehicles - Accumulated Depreciation
4. Set up payments and accruals for these fixed asset register.
5. Set up Direct Debits for suppliers to be paid monthly ( spreadsheet to be sent showing these in the list)
6. Transfer opening balances for suppliers from the excel spread to be sent. Open the balance with 1 invoice and then the remaining should be posted separately, as this will show a trail of what is outstanding. Please do not use the opening balances in Sage as these are not accurate as discussed. Use the spreadsheet which I will send separately.
Then upon completion, spend 2 hours to show me how to post payments on a monthly basis to each fixed asset register to show the depreciation.
Just go through what you have done within the Chart of Accounts.
Thank you.
Sameena M.
100% (1)Projects Completed
2
Freelancers worked with
2
Projects awarded
29%
Last project
2 Sep 2021
United Kingdom
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