Xero Certified Advisor Xero Invoicing and Bills 3

Question 1

A Xero user wants a bill to recur on the 1st of every month automatically. Which feature handles this?

Accepted Answer

Repeating bills

Answer

Repeating bills in Xero let you set a schedule so Xero automatically creates the bill at the chosen frequency.

Question 2

When you copy an invoice to a bill in Xero, which data is NOT automatically carried over?

Accepted Answer

The payment date

Answer

Copying an invoice to a bill transfers line items, accounts, and tax rates, but you must manually set the bill's due date and payment details.

Question 3

A customer has overpaid an invoice in Xero. How should the overpayment be handled?

Accepted Answer

Record an overpayment in Xero, which creates a credit to apply to future invoices

Answer

Xero allows you to record an overpayment against a contact, generating a credit balance that can be allocated to future invoices.

Question 4

Which report in Xero would you use to see all unpaid bills grouped by how overdue they are?

Accepted Answer

Aged Payables

Answer

The Aged Payables report shows outstanding bills sorted into aging buckets (e.g., current, 1-30 days, 31-60 days) by supplier.

Question 5

In Xero, which invoice status allows you to still edit the invoice details?

Accepted Answer

Draft

Answer

Only invoices in Draft status can be freely edited; once approved (Awaiting Payment or Paid), editing is restricted.

Xero Certified Advisor Practice Test