Reconcile a prepayment
Record a prepayment, that you haven't already entered into Xero, during bank reconciliation.
On the bank reconciliation screen, next to the bank statement line you want to reconcile, click the Create tab.
Click Add details.
Next to Spent as or Received as, select Prepayment.
- Enter details of the transaction. If you want to recognise tax at this point choose an account with a tax rate.
- Click Save Transaction.
- Click Reconcile.