Xero: Account Categories (Chart of Accounts)

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When you are reconciling your bank account on Xero you will be attaching a category to all of your income and expenditure. Sometimes it will be obvious what category the transaction should be assigned to, sometimes it will be less clear. The first thing to do would be to ask your accountant to suggest whether any of the currently existing … Read More

How to pay your PAYE bill

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If you run a PAYE payroll within your company, you will need to deduct any National Insurance (NI) contributions made by your employees, along with any Income Tax that they may have to pay from the amounts that you pay to them, and instead pay it directly to HMRC. On top of this, if you are liable for any Employers … Read More