Entering Credit Notes in Xero (FREE Training Video)

At EzyLearn we are constantly refreshing the content of all our courses, such as our MYOB training course and our Xero training course — which we have recently added to our suite of online training products. Xero is the cloud-accounting software that is fast becoming one of MYOB’s key competitors. So that you can benefit from all the new information that is always emerging about being a bookkeeper and running your own bookkeeping business (or doing the books for someone else’s business) we want to share with you the following video about how to enter a credit note in Xero:

Where Xero Differs from MYOB

If you’re familiar with MYOB, then you know that when you enter or approve a transaction in MYOB, you can still delete it from the system at a later stage — in the event you need to give a customer a refund, for instance.

In Xero, however, you can’t delete a transaction once it’s been approved. In one sense, this is great for auditing purposes as you can see everything that’s occurred in the account over the past month or quarter or year. But it also means putting through credit notes, which in MYOB is notoriously hard.

The fact that pretty much everything in Xero is easier to do than in MYOB, including entering a credit note, is one key reason why Xero is fast becoming one of MYOB’s biggest rivals. Again, we invite you to check out our new Xero training course. EzyLearn also offers courses in other cloud-based accounting programs, such as Reach.