
▲ 4 r/xero
Invoice payment recording (Aus)
I’m a sole trader operating in Aus. I have a separate account on my banking app that I get paid into and then take funds out of leaving tax and gst building up in that account to be paid quarterly, but as a sole trader it’s still under my personal finances despite being a separate account obviously.
I have just migrated to Xero from different invoicing software that wasn’t so rigorous with its organisation and categorisation. To save myself headaches down the road, what option do I use to record payments?
TIA
u/No-Adhesiveness-6475 — 4 days ago