Add a receive money transaction

Add a receive money transaction to record cash you've received from a customer or want to deposit. This could be for any cash, cheque or electronic deposit in a Xero bank account that doesn't relate to an invoice, transfer or refund.

Enter your transaction

  1. From the Dashboard, click the plus icon Image of plus icon. and select Receive Money.
  2. Select the bank account you've received money into, then click Next.
  3. Enter your contact's name. You can select an existing contact or add a new contact.
  4. Select the date you received the money.
  5. Enter details of your transaction into the receive money transaction fields.
  6. Click Save.

Image of the New Receive Money screen.

Receive money transaction fields

Descriptions of some of the receive money fields to help you enter your transaction.

FieldDescription
Item (Optional)An inventory item. Select an existing item or add a new item.
Amounts areHow to account for sales tax. Selecting Tax Inclusive includes tax in the total. Selecting Tax Exclusive adds tax to the total.
QtyThe quantity of the item you've bought.
Unit PriceThe price of the item.
AccountAn account (from your chart of accounts) to code the transaction to. Select an existing account or add a new account.
Tax Rate

Tax on the transaction (required only if you've selected Amounts are Tax Exclusive or Tax Inclusive).

(Optional) Adjust the sales tax amount.