MBS Accountants process for Bronze package
By default you will have two apps that we use to make your accounts as simple as possible.
1 – Accept your invites to Receipt Bank and Xero
2 – Set-up bank feeds in Xero – Here’s how
3 – Submit purchases info to Receipt Bank by these three possible methods
- Photos using the IOS/Android App – Here’s how
- Use the email-in address – Here’s how
- Upload via computer – Here’s how
4 – Log In to Receipt Bank and check the info captured and then publish the receipts to Xero – Here’s how
5 – Log-In to Xero and ‘Approve the purchase invoices just published
- In the Accounts menu, select Purchases.
- Click the Draft panel to view all draft bills.
- Select the checkbox next to one or more bills, then click Approve.
- Or to check its details first, open the relevant bill, make changes if you need to, then click Approve.
6 – Raise quotes using the Xero app – Here’s how
7 – Raise sales invoices using the Xero app – Here’s how
– On android – Here’s how
– On iPhone – Here’s how
8 – Reconcile the bank in Xero by matching to bills and sales invoices where possible – see the video below for how
9 – We carry out the rest of the process including, where applicable, the preparation of your VAT returns, accounts and tax returns.