https://workwithlottie.com/guides/how-to-account-for-prepayments-in-xero https://workwithlottie.com/api/guides/how-to-account-for-prepayments-in-xero/walkthrough/thumbnail How to account for prepayments in Xero (with examples) This walkthrough shows how to record and spread prepayment costs in Xero using a balance sheet prepayments account and monthly manual journals, illustrated with a £1,200 insurance example. It helps bookkeepers and finance teams produce accurate monthly P&L figures without overstating costs in a single period. https://workwithlottie.com/api/guides/how-to-account-for-prepayments-in-xero/walkthrough/video 174 2026-07-18T16:12:28.830993+00:00 yes no https://workwithlottie.com/guides/accruals-vs-prepayments-difference https://workwithlottie.com/api/guides/accruals-vs-prepayments-difference/walkthrough/thumbnail Accruals vs prepayments: what's the difference? This walkthrough explains the difference between accruals and prepayments, covering how each method allocates costs and income to the correct accounting period rather than the period cash moves. It helps finance teams, bookkeepers and business owners produce accurate monthly accounts and reliable profit and loss figures. https://workwithlottie.com/api/guides/accruals-vs-prepayments-difference/walkthrough/video 166 2026-07-18T16:44:11.402360+00:00 yes no https://workwithlottie.com/guides/how-to-automate-accruals-and-prepayments-in-xero https://workwithlottie.com/api/guides/how-to-automate-accruals-and-prepayments-in-xero/walkthrough/thumbnail How to automate accruals and prepayments in Xero This walkthrough shows how to connect Xero to WorkWithLottie, classify nominal codes, and automate accruals, prepayments and deferred income release schedules, journal posting and reconciliation. It helps finance teams and accountants managing multiple entities who currently rely on spreadsheets and manual journals. https://workwithlottie.com/api/guides/how-to-automate-accruals-and-prepayments-in-xero/walkthrough/video 146 2026-07-18T16:51:39.294716+00:00 yes no https://workwithlottie.com/guides/month-end-close-checklist-for-xero https://workwithlottie.com/api/guides/month-end-close-checklist-for-xero/walkthrough/thumbnail A practical month-end close checklist for Xero A practical month-end close checklist for Xero walks through eight repeatable steps: bank reconciliation, accounts receivable and payable, accruals, prepayments, deferred income, fixed assets, balance-sheet reconciliation, and period lock and reporting pack. It helps Xero users, bookkeepers, and finance teams standardise and complete month-end close accurately every month. https://workwithlottie.com/api/guides/month-end-close-checklist-for-xero/walkthrough/video 162 2026-07-18T18:02:53.753778+00:00 yes no https://workwithlottie.com/guides/deferred-income-and-revenue-recognition-explained https://workwithlottie.com/api/guides/deferred-income-and-revenue-recognition-explained/walkthrough/thumbnail Deferred income & revenue recognition explained This walkthrough explains how deferred income works under revenue recognition principles, using a £12,000 annual support contract to show how income moves from the balance sheet into revenue monthly. It helps UK finance teams and accountants using Xero who need to automate deferred income schedules and journal posting across multiple contracts. https://workwithlottie.com/api/guides/deferred-income-and-revenue-recognition-explained/walkthrough/video 147 2026-07-18T18:25:19.362399+00:00 yes no