Hello there - I was wondering if there was anyone out there who has had experience of managing the bookkeeping for an online company using Xero. Before I go into my queries - I would see if there was anyone out there first who has had this experience!
I have had experiance with Kashflow (similar) but the client complained that paypal was 'pushing' the info from the account into the software and the sofware was trying to do the same. So it ended up it was double posting... No i dont know if theres a flaw with the system or the way the accountnat set the account up, all I can say is if you do it, monitor it closely to make sure there are no errors in posting... :)
To be fair, Xero as a whole is very restrictive as a bookkeeping solution. Its more of a credit control solution in my eyes.
As for Paypal, they are not very bookkeeping orientated anyway. I find recording Paypal transaction by exporting the transaction history to excel first and using journals to enter the transactions much more reliable.
