It’s June. You need to double-check your profit from March, so you run the P&L. But something isn’t right. Curious, you dig up an old March P&L to compare. Sure enough, the profit number changed! Sound familiar? If so, it might be time to adopt a month-end close checklist. The […]
How to close a Fiscal Year in Xoro?
At the end of the fiscal year, it is important to close the books. Closing transactions will reset the P&L accounts to zero and move the net income to the retrained earnings account. Here are the steps required to do the fiscal year-end in Xoro. Step 1: Go to Fiscal […]
API Integration – 3PL
3PL Integration via API Xorosoft can integrate with 3PL’s via FTP(CSV files) and API. API Integration Link for our Xoro API documentation:- https://xorosoft.docs.apiary.io/ API WorkFlow ( Sales Order/Ship Confirmation) 1. Order syncs into Xoro from various sales channels 2. Xoro will create a wave to allocate the order 3. 3PL will fetch the […]
Accounting Migration
Steps to Migrate the books over to Xoro Migrating the books over to a new system is one of the most important tasks. If not done in the right way, this can lead to major problems down the road. Before we start talking about migration, let’s talk about the timing […]
Upload:Credit Memos
A credit memo can be issued to a customer, typically in the scenario of a return or a damaged item. The customer can then use that credit for future orders or request a refund. There are two modules that can be used to create a credit memo: Invoice Credit Memo […]
Upload Vendor Credits
Occasionally goods purchased from a vendor need to be returned (wrong item, faulty product, etc.) and so a vendor credit needs to be created. This credit can then be applied to future bills from that vendor or it can be refunded. Overview Download the latest CSV template from the “Upload […]
Upload Bills
Bills are notices of payment sent from vendors and also act as documents of received goods. They are converted from item receipts or can be manually entered. Prepayments, payments, discounts, and vendor credits can be applied to bills. Overview Download the latest CSV template from the “Upload Bills” module. Copy […]
Upload Items/SKUs/Products
Product: A product represents a particular style or parent of an item(s). Item: An item represents an inventory SKU (Stock keeping unit) that can be entered into the system for selling, purchasing and manufacturing. You can use the Create Item module to manually create SKUs or you can use the […]
Upload Bank Statement
Before beginning any Bank Reconciliation make sure that your opening balance has been created in Xoro using Journal Entries and the bank statement has been uploaded. Overview Choose Bank Account Download the Bank Transactions Verify the File Template Upload the .csv , .ofx or .qif template into Xoro.
Finding Bank Reconciliation Discrepancies
How can I find discrepancies in my Bank Rec report? It is a common scenario that you have completed the bank reconciliation but your bank statement balance on the balance sheet is not matching with your registered balance in Xoro. These problems can be identified using the “Bank rec discrepancy […]
