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Brad Forester
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  • Guilford, CT
  • United States
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Brad Forester's Discussions

Xero versus Zoho - any insights / previous experience?

Started May 2 0 Replies

Hi all - I've been a Xero user for about 2 years now. For the most part, it's been a very successful initiative and we enjoy using Xero much more than our old Quickbooks 'install'. However, our…Continue

Tags: zoho

P&L Report for Cash accounting method

Started Jan 28 0 Replies

Year #2 that I have to manually reconcile (account by account) the actual 'Cash' transactions and overwrite my year-end P&L Report (since it's Accrual only). Am I missing a hidden feature whereby…Continue

Tags: P&L

Reconciling a 'Split' Batch - how to?

Started this discussion. Last reply by Catherine (Xero) Jan 18. 2 Replies

Here's my situation:Batching A/P payments, let's say 10 at a time per batchMy bank processes (I have to rekey...yet to find a bank that will map to the output file correctly)  :(I get my bank…Continue

Tags: batch

Proper Way to Setup Line of Credit

Started this discussion. Last reply by Cassandra Scott Nov 29, 2011. 1 Reply

Hi - just started a LOC with the bank.  For setup, what is the best way to account for this?Setup the LOC as a Credit Card (there won't be a bank feed though...)Setup the LOC as a Current Liability…Continue

Tags: loc

 

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Latest Activity

Brad Forester posted a discussion

Xero versus Zoho - any insights / previous experience?

Hi all - I've been a Xero user for about 2 years now. For the most part, it's been a very successful initiative and we enjoy using Xero much more than our old Quickbooks 'install'. However, our business (a US-based consulting firm) is rapidly growing. We are spending increasing amounts of time re-keying in time from our timesheet app (Harvest) and expenses (also from Harvest...and Expensify) which are initially keyed in by our contractors (from hard-copy receipts). We use Basecamp for our…See More
May 2
Brad Forester posted a discussion

P&L Report for Cash accounting method

Year #2 that I have to manually reconcile (account by account) the actual 'Cash' transactions and overwrite my year-end P&L Report (since it's Accrual only). Am I missing a hidden feature whereby 'cash' is selected somewhere? Surely this has come up before? Any tips are appreciated. See More
Jan 28
Brad Forester replied to Ifan Evans's discussion Show open invoices on customer statements
"Plus one from the USA. I can't make sense of the current customer statements myself (what exactly is embedded in that opening balance? if I can't answer immediately, I'm not sharing with my customer) so I don't send…"
Jan 18
Catherine (Xero) replied to Brad Forester's discussion Reconciling a 'Split' Batch - how to?
"This is quite a tricky problem to solve although I can see where you're coming from and what you've worked out here is what I was going to offer as a not-so-elegant option! I'll circulate this around the team and see if anyone has any…"
Jan 18
Brad Forester replied to Brad Forester's discussion Painful 1099 / Year End Process
"Another tax year for 1099's from the previous message. And, sadly - still the same awful process for reporting against what I paid (cash basis no less...not easy with the default settings in Xero) to a subset of Vendors.  So - instead of…"
Jan 15
Brad Forester replied to Brad Forester's discussion Reconciling a 'Split' Batch - how to?
"Okay - I worked through this last night. The best way I found was to manually reconcile them from the bank transaction screen, then carefully go back to the imported transactions & delete the corresponding imports. Not as terrible as breaking up…"
Jan 5
Brad Forester posted a discussion

Reconciling a 'Split' Batch - how to?

Here's my situation:Batching A/P payments, let's say 10 at a time per batchMy bank processes (I have to rekey...yet to find a bank that will map to the output file correctly)  :(I get my bank statement at the end of the month, and then 6 months later (sadly, getting 'business' bank account feeds via Xero/Yodlee just isn't happening for 4 of my 5 bank accounts - so I sit on the reconciliation process far too long) I try reconciling (as I'm doing year-end now)My bank has done me the favor of…See More
Jan 4
Catherine (Xero) replied to Brad Forester's discussion Expense Receipt Integration: ShoeBoxed, et. al (accounting question)
"Hey - just letting you know that we the API was updated this week to allow entry of receipts and expense claims via the API. The developer update is on our blog."
Dec 23, 2011
Brad Forester replied to Brad Forester's discussion Expense Receipt Integration: ShoeBoxed, et. al (accounting question)
"Thanks for the replies. I think we're going to keep our current process until the integration becomes a bit more comprehensive. "
Dec 2, 2011
Anubhav Mehrotra replied to Brad Forester's discussion Expense Receipt Integration: ShoeBoxed, et. al (accounting question)
"Hi Brad, You can find details on the level of integration Shoeboxed.com has with Xero here :  http://support.shoeboxed.com/entries/20251328-how-do-i-integrate-my-shoeboxed-and-xero-accounts Hope this helps!"
Dec 2, 2011
Michael Wood replied to Brad Forester's discussion Expense Receipt Integration: ShoeBoxed, et. al (accounting question)
"Unfortunately I don't have a set date from Xero for that but our Expense Report functionality does the same thing in the meantime! "
Dec 2, 2011
John F replied to Brad Forester's discussion Expense Receipt Integration: ShoeBoxed, et. al (accounting question)
"OK, that's great. Thank you. You wouldn't happy to have a date for that would you? So I can know whether or not to wait to enter all my data or if I have to do it now to avoid missing my tax deadline?"
Dec 2, 2011
Michael Wood replied to Brad Forester's discussion Expense Receipt Integration: ShoeBoxed, et. al (accounting question)
"Hi John, We process a lot of receipts and purchase invoices. The balance moves around but just now it's approx 50/50. Only the A/P section of Xero is open to 3rd parties at this stage (but it's due to change by the end of the year)…"
Dec 2, 2011
John F replied to Brad Forester's discussion Expense Receipt Integration: ShoeBoxed, et. al (accounting question)
"Michael Does receipt bank allow the export of receipt data into Expense Claims, not a report and not into Accounts Payable? I would have thought the majority of paperwork you handle is receipts for expense claims, not overhead and expense type…"
Dec 2, 2011
Michael Wood replied to Brad Forester's discussion Expense Receipt Integration: ShoeBoxed, et. al (accounting question)
"Brad, No problem! One thing to note though Receipt Bank has the option to record the expenses as either individual A/P items or as a grouped 'expense report'. Regards, M"
Nov 30, 2011
Brad Forester replied to Brad Forester's discussion Expense Receipt Integration: ShoeBoxed, et. al (accounting question)
"Hi Michael - the process you laid out definitely helps crystalize my thoughts.    Unfortunately, I think that means we're going to be status quo for the foreseeable future. I believe Xero would need to have some sort of…"
Nov 30, 2011

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