Tax and Xero

Tax

• https://www.ato.gov.au/Business/Starting-your-own-business/In-detail/Videos-and-webinars/Tax-basics-for-small-business-video-series/

Xero to Hero

Transferring Invoices from Freshbook to Xero

Xero doesn't import invoices that are already paid - only those unpaid or partially paid. So if you want to transfer all your Freshbooks invoices to Xero you need to do this manually!

1. Export from Freshbook: MyAccount > Import & Export > Export Clients, Invoices, Staff and Timesheets > Invoices
2. Get the CSV template from Xero: Accounts > Sales > Import > Download Template File
3. Use the following mapping (Xero > Freshbooks):

• ContactName : organization
• InvoiceNumber : invoice_number
• InvoiceDate : create_date
• DueDate : date_paid
• Description : (You'll have to fill this in yourself)
• Quantity : 1
• UnitAmount : amount
• AccountCode : 200 (which is sales)
• TaxType 👍 GST on Income

1. You'll then need to go through and manually record a payment for each invoice!

References:

• http://community.freshbooks.com/support/how-do-i-export-my-list-of-clients-can-i-export-anything-else/
• http://help.xero.com/help/Accounts_InvoiceImport.htm#BK_GetTemplate