Xero seems so user friendly and simple to use so you feel like it wouldn’t be too difficult to setup right?
Wrong – from what we’ve seen at least! The common errors we’ve seen from a DIY approach are:
- Bank feeds setup wrong with missing and/or duplicate transactions;
- GST details setup wrong;
- The wrong chart of accounts used;
- Conversion date issues.
Getting these wrong costs the organisation time and money to fix – over and above what it would cost if setup had been done correctly from the start.