Xero Certified Advisor Xero Invoicing and Bills 2

Question 1

A client wants to send a batch of invoices to multiple customers at once in Xero. Which feature should they use?

Accepted Answer

Batch invoicing from the Invoices list

Answer

In Xero you can select multiple draft invoices from the Invoices list and approve or email them as a batch.

Question 2

When applying a credit note to an outstanding invoice in Xero, where do you initiate this action?

Accepted Answer

From the credit note itself using 'Allocate Credit'

Answer

You open the credit note and use the 'Allocate Credit' option to apply it against one or more outstanding invoices.

Question 3

A bill in Xero has been partially paid. What status will it show?

Accepted Answer

Awaiting Payment

Answer

A partially paid bill remains in 'Awaiting Payment' status until the full balance is cleared.

Question 4

Which Xero field on a bill determines which expense account the cost is posted to?

Accepted Answer

Account (on the line item)

Answer

The Account field on each bill line item maps the cost to the correct expense or liability account in the chart of accounts.

Question 5

A US-based business in Xero wants to record that a supplier invoice is subject to sales tax. Where is sales tax applied?

Accepted Answer

On each line item via the Tax Rate field

Answer

Tax rates are selected on each individual line item of a bill, giving flexibility for mixed-tax invoices.

Xero Certified Advisor Practice Test