How Do I Add a Receive Money Transaction in Xero?

You can add a receive money transaction in Xero by following these simple steps:

1. Go to the "Banking" menu and select "Receive Money".
2. Choose the bank account you want to receive the money into.
3. Enter the date of the transaction and the amount received.
4. Select the "Payment Method" and "Reference" for the transaction.
5. If applicable, choose the "Contact" or "Customer" associated with the transaction.
6. Add any relevant "Tracking Categories" to the transaction.
7. Review the details and click "Save".

Adding a Receive Money Transaction for a Specific Invoice

If you're receiving money for a specific invoice, you can also do the following:

1. Go to the "Sales" menu and select "Invoices".
2. Find the invoice you want to receive payment for.
3. Click on the "Receive Money" button next to the invoice.
4. Enter the amount received, payment method, and date.
5. Review the details and click "Save".

Adding a Receive Money Transaction for a Recurring Invoice

You can also set up recurring invoices in Xero, which will automatically generate invoices for you on a regular basis. When you receive payment for a recurring invoice, follow these steps:

1. Go to the "Sales" menu and select "Recurring Invoices".
2. Find the recurring invoice you want to receive payment for.
3. Click on the "Receive Money" button next to the invoice.
4. Enter the amount received, payment method, and date.
5. Review the details and click "Save".

By following these steps, you can easily and accurately record receive money transactions in Xero.