Cash Versus Accrual Accounting
We require all Formations adopt accrual accounting as this
will ensure that your income and expenses are aligned in the same reporting
period. Please ensure that you enter all invoices for payments in the
month the expense was incurred, this would include any invoices issued from the
Branch Support Office. To assist with this process you can share your
Xero Key with another Xero organisation so that they can send your invoices
directly to your Xero file – refer the link on how to share your Xero network
key Share your Xero network key with another Xero organisation –
Xero Central
If you have queries, please email financehelpdesk@scoutsqld.com.au
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