Xero - How to Reconcile Personal Funds Deposited into a Business Bank Account
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- Опубліковано 20 сер 2024
- ✅ Grab a copy of our FREE Xero Setup Guide right here: bit.ly/4d1yCLq
👉 Master Xero without getting stuck with The Ultimate Xero Course for Australia: bit.ly/4e4MghD
►► Do you wish you could get step-by-step instructions for setting up and using Xero quickly and easily?
►► Do you want clear explanations in plain English with all the information in one place?
►► Do you want to feel confident that you’re doing it right?
🚀 Then check out the step-by-step program for business owners to master Xero without getting stuck: bit.ly/4e4MghD
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Learn how to do the bank reconciliation in Xero for personal funds you have deposited or invested into your business bank account.
![Дон ДОН, Алаудинов и СБЕЖАВШИЕ из под Курска ахматовцы 😁 [Пародия]](http://i.ytimg.com/vi/dEfCf5IK26Q/mqdefault.jpg)
✅ Grab a copy of our FREE Xero Setup Guide right here: bit.ly/4d1yCLq
👉 Master Xero without getting stuck with The Ultimate Xero Course for Australia: bit.ly/4e4MghD
►► Do you wish you could get step-by-step instructions for setting up and using Xero quickly and easily?
►► Do you want clear explanations in plain English with all the information in one place?
►► Do you want to feel confident that you’re doing it right?
🚀 Then check out the step-by-step program for business owners to master Xero without getting stuck: bit.ly/4e4MghD
Hello, subscriber from the Philippines, learning a LOT from you, Mark, Appreciate all the help
Awesome, thank you!
Thank you so much for this video, you make xero so easy to navigate
Thank you!
Thank you for your amazing videos. Is there a tutorial on how to make and code a Director’s Loan for a P/L company? I have watched this video but it is the sole trader advice but I can’t find anything about the Director’s Loan instructions. Thank you!
really useful & detailed information
Excellent video just like the others. I've been subscribed since I've started my own business last year and you've been hitting the nail on the head Mark. Could you please make a video on how to code tax payable and paid to the ATO based on the annual tax return? Thank you in advance.
Hello, Another new subscriber. Could you please do a follow up video to this one about how to reimburse the owner introduced funds/directors loan. We are running a start up business, so there is money coming in and out of our accounts all the time and reimbursements need to happens revenue comes in. I need to know how to reconcile these transactions. Or could you point me to the course that would have that in it. Thank you for doing these videos. They are very clear and helpful. PS I was able to get through to you courses through the link.
Hello ! Thank you for this useful video.
How would you record a transaction of funds introduced into the company on Xero from a private bank account which is owned 50/50% by the 2 shareholders of the company ?
Do you recommend to create an account under liabilities named "Owner A and Owner B 50/50% funds introduced" ?
Thank you!
Thanks for the video! Very helpful. As a follow-up, how do we reimburse the owner-introduced funds? Cheers!
You can reimburse either through drawings, payroll reimbursements or expense claims.
I don't have any accounting background, I don't understand why " business bank account (debit)"?
A bank account is an asset, which is debit by nature.
Can you still do this if I transferred the money into my bank account, before my business was using xero?
Why does the owners funds sit as a liability account? Because in reality it isnt??
What account should it be in?
The business owes the owner that money if it is liquidated.
Great content! New subscriber here! FYI the link to your Xero courses is not working, I've been trying for a few days now, always fails to open "server is not responding"
Hi there. Thanks for your nice comment and for letting me know about the link. I have clicked on the link and it works fine for me. Is it working for you now?
@@TheBookkeepingChannel I'm in Asia so maybe is some kind of restriction, when I use a VPN with US location it works :)
I thought it must be something like that. Thanks for letting me know.