If you’ve connected PayPal with Xero, and have been using it for quite a while, it might come as a bit of a surprise when you get an email from Xero telling you that your existing PayPal direct bank connection will no longer be supported and will stop importing transactions into Xero.
Why is Xero emailing you this? Especially considering there’s a timeframe in which you need to switch to the new PayPal bank connection, you’re probably eager to figure out what it all means.
Don’t stress, here’s what you need to know.
Continue reading Why is Xero Saying Your PayPal Bank Connection Needs Updating?
I love working inside new businesses and getting involved in setting up their processes – even accounting – and I recently had the chance to work in a marine business.
As with all startups they are setting up new processes and experience hiccups along the way like all businesses do.
The saddest part for me was when they sacked their office manager because she couldn’t nail the basic bookkeeping skills and attention to detail performing these tasks:
- Data entry
- Bank feeds
- Matching transactions
- Bank reconciliation
Accounting software companies make you believe that their software makes this all a breeze but in reality office admin and accounts staff must be persistent and diligent with these basics. Here’s what caused the issues: Continue reading Someone just got the sack because they didn’t know the bookkeeping basics