Browse 2 Gruv blog articles tagged Accounting Basics. Payout rails, FX, reconciliation, and platform money-movement playbooks.
**To reconcile in Xero safely, run a weekly or daily system on the Reconcile tab that clears statement lines, isolates exceptions quickly, and closes each period with documented completion.**
A client paying a $1,000 invoice and a processor depositing $970 are two views of the same sale. Your chart of accounts should show the revenue, the $30 fee and where the money sits without counting the deposit as another sale. This guide uses the U.S. QuickBooks Online account-creation workflow; menus and available account types vary by country and subscription.
