Question

I have these accounts i need to reconcile on my practical assignment using the online accounting software xero

the numbers in the same column as $202.85 are spend and the column next to that is receive, my question is what accounts do I use in the what section or do i use the transfer section?

I c

MatchCreateTransfer Discuss Find& Match Options 202.85 1 Jun 2018 Who Name of the contact... What Choose the account Bank Why Enter a description. Overdraft Line Fee Bank Charge Tax Rate Add details More details Match Create Options nsfer Discuss Find & Match ,322.38 1 Jun 2018 Who Name of the contact.. What Choose the account. Bank Why Enter a description.. INTEREST CHARGE Bank Overdra. OD Interest Tax Rate Add details More details MatchCre ransfer Discuss Find & Match Options ▼ 1,099.87 1 Jun 2018 Who Name of the contact What Choose the account Bank Why Enter a description.. Interest on Bank Loan/Debt nterest Expense More details Tax Rate Add details MatchCreate ranfer Discuss Find & Match Options ▼ 1,351.92 1 Jun 2018 Who Name of the contact.. What Choose the account. Staff Wages Transfer to Bank Staff Wages Staff Wages Gross Why Enter a description. Tax Rate Add details More details

Answer 1

You can make use of the below table to do the bookings

Date of Transaction	Who	What	Why
1 Jun 2018	Put the BANK NAME	BANK CHARGES	Bank overdraft line fee
1 Jun 2018	Put the BANK NAME	INTEREST EXPENSE	Interest charged on OD
1 Jun 2018	Put the BANK NAME	INTEREST EXPENSE	Interest charged on bank loan/debt
1 Jun 2018	Put the name of the employee	SALARIES EXPENSE/STAFF WAGES GROSS	Booking of staff wages