Buying your iPhone 4 in Xero
We’re sure that many business owners are thinking about upgrading to a shiny new iPhone 4 over the next few months. Accounting for selling your old 3GS and bringing your new iPhone 4 into the books is a great way to see the power of Xero.
Managing Fixed Assets is an area where people often get stuck in accounting. We recommend leaving your pending asset transactions for your accountant to review each month, but for those who feel adventurous or have black belt Xero skills, you can see that handling fixed assets is a breeze.
You can use the Journal Report to see what’s happening under the hood – all the underlying debits and credits that hit the Xero accounting engine.
Let us know if this is useful.