Utilising payment categories from Xero in Tola can help enhance the way you manage your business's income and expenses, making reconciliation of your bills easier and saving you time.
Here's a simple guide on how to use these categories:
1. Make sure Xero is connected to Tola: To check if Xero is synced to Tola, you can check under 'Settings' and 'Accounting'
2. Find a category when adding a bill: When adding a new bill or adding a new invoice, you can search for categories from Xero directly in Tola, under 'Category'.
3. Select the right category: Select the desired category and press Continue. You can change the category whenever by editing a bill and it will automatically sync in Xero.
4. Pre-select categories in Xero: For fees that can occur from payment types Tola offers (cards or Pay later with Tola), you can categorise those under 'Settings' and 'Accounting'.
Regularly categorising your transactions in Xero helps to keep your business's financials organised and makes it easier to prepare financial reports or taxes.
If you can't find a suitable category, Xero allows you to create custom categories specific to your business's needs that can be utilized.
Remember, our support team is always available to assist if you have any questions or need help with Xero payment categories. Feel free to reach out via chat or email.