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 account for prepayments in Xero by posting costs to a balance sheet prepayments account and releasing them monthly via manual journals, using a £1,200 insurance premium as a worked example. It helps bookkeepers, accountants and small business owners spread prepaid costs accurately across accounting periods. https://workwithlottie.com/api/guides/how-to-account-for-prepayments-in-xero/walkthrough/video 164 2026-07-28T09:11:04.603512+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, showing how each method matches costs and income to the correct accounting period regardless of when cash moves. It helps bookkeepers, accountants and finance teams produce accurate monthly management accounts in Xero. https://workwithlottie.com/api/guides/accruals-vs-prepayments-difference/walkthrough/video 162 2026-07-28T09:26:55.558434+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 UK finance teams how to connect WorkWithLottie to Xero, classify balance-sheet codes and automate the posting of accrual and prepayment journals each month. It suits accountants and finance managers replacing manual spreadsheet schedules and rekeyed journals with automated, auditable Xero entries. https://workwithlottie.com/api/guides/how-to-automate-accruals-and-prepayments-in-xero/walkthrough/video 136 2026-07-28T09:33:08.579055+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 The video walks through a seven-step month-end close checklist for Xero, covering bank reconciliation, accounts receivable and payable, accruals, prepayments, deferred income, fixed assets, and a final balance-sheet review. It helps bookkeepers and finance teams close each period consistently and accurately. https://workwithlottie.com/api/guides/month-end-close-checklist-for-xero/walkthrough/video 174 2026-07-28T09:37:53.124128+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 deferred income and revenue recognition — including balance sheet treatment, monthly journal entries, and milestone-based schedules — using a practical £12,000 contract example. It helps UK finance teams and accountants using Xero who need to automate accurate, compliant revenue recognition across multiple contracts. https://workwithlottie.com/api/guides/deferred-income-and-revenue-recognition-explained/walkthrough/video 141 2026-07-28T09:41:58.550667+00:00 yes no https://workwithlottie.com/guides/how-to-record-deferred-revenue-in-xero https://workwithlottie.com/api/guides/how-to-record-deferred-revenue-in-xero/walkthrough/thumbnail How to record deferred revenue in Xero (with journal examples) This walkthrough shows how to record deferred revenue in Xero using a £12,000 subscription example, covering chart of accounts setup, correct invoice coding to a liability account, and monthly journal entries to release income evenly. It helps bookkeepers and finance teams avoid overstated revenue figures. https://workwithlottie.com/api/guides/how-to-record-deferred-revenue-in-xero/walkthrough/video 201 2026-08-04T15:38:00.680330+00:00 yes no https://workwithlottie.com/guides/prepayment-journal-entry-examples-uk https://workwithlottie.com/api/guides/prepayment-journal-entry-examples-uk/walkthrough/thumbnail Prepayment journal entry examples (UK) Covers three UK prepayment journal entry examples — annual insurance, quarterly rent, and a software licence — showing the correct double-entry to defer costs onto the balance sheet and release them period by period. Suitable for UK bookkeepers and finance teams using accruals-basis accounting in Xero. https://workwithlottie.com/api/guides/prepayment-journal-entry-examples-uk/walkthrough/video 209 2026-08-04T15:44:45.825723+00:00 yes no https://workwithlottie.com/guides/how-to-record-accrued-expenses-in-xero https://workwithlottie.com/api/guides/how-to-record-accrued-expenses-in-xero/walkthrough/thumbnail How to record accrued expenses in Xero This walkthrough shows Xero users how to record an accrued expense using a two-step auto-reversing manual journal, illustrated with a £450 electricity cost incurred in March but invoiced in April. It helps bookkeepers and finance teams ensure costs hit the correct period on the P&L without double-counting when the real bill arrives. https://workwithlottie.com/api/guides/how-to-record-accrued-expenses-in-xero/walkthrough/video 181 2026-08-04T17:19:40.305792+00:00 yes no https://workwithlottie.com/guides/how-to-account-for-depreciation-in-xero https://workwithlottie.com/api/guides/how-to-account-for-depreciation-in-xero/walkthrough/thumbnail How to account for depreciation in Xero This walkthrough explains how to account for depreciation in Xero using straight-line and reducing balance methods, then shows how to post the depreciation journal entry. It helps UK small business owners and bookkeepers understand depreciation expense, accumulated depreciation, and net book value in Xero. https://workwithlottie.com/api/guides/how-to-account-for-depreciation-in-xero/walkthrough/video 209 2026-08-04T15:52:01.599089+00:00 yes no https://workwithlottie.com/guides/monthly-accrual-journal-template https://workwithlottie.com/api/guides/monthly-accrual-journal-template/walkthrough/thumbnail The monthly accrual journal: a reusable template This walkthrough covers a reusable monthly accrual journal template in Xero, explaining how to set journal dates, write clear narratives, select correct nominal codes, apply auto-reversals, and maintain a supporting schedule. It helps bookkeepers and accountants who post recurring accruals and need accurate, reconcilable balance sheets each month-end. https://workwithlottie.com/api/guides/monthly-accrual-journal-template/walkthrough/video 175 2026-08-04T17:32:25.743826+00:00 yes no https://workwithlottie.com/guides/what-is-a-prepayment https://workwithlottie.com/api/guides/what-is-a-prepayment/walkthrough/thumbnail What is a prepayment? Definition & examples This walkthrough explains what a prepayment is, why it belongs on the balance sheet rather than immediately in the P&L, and how to release it correctly across the periods it covers. It helps finance teams, bookkeepers and business owners using Xero who need accurate monthly accounts. https://workwithlottie.com/api/guides/what-is-a-prepayment/walkthrough/video 151 2026-08-04T15:57:26.003139+00:00 yes no https://workwithlottie.com/guides/what-is-an-accrual https://workwithlottie.com/api/guides/what-is-an-accrual/walkthrough/thumbnail What is an accrual? Definition & examples Walkthrough video explaining what an accrual is, how it differs from a prepayment, and how to post and auto-reverse an accrual journal at month-end. Suited to UK business owners, bookkeepers and accountants who need to recognise incurred-but-uninvoiced costs such as utilities, professional fees, staff bonuses or accrued interest correctly in their accounts. https://workwithlottie.com/api/guides/what-is-an-accrual/walkthrough/video 163 2026-08-04T16:02:33.421994+00:00 yes no https://workwithlottie.com/guides/what-is-deferred-income https://workwithlottie.com/api/guides/what-is-deferred-income/walkthrough/thumbnail What is deferred income? Definition & examples This walkthrough explains what deferred income is, why invoiced amounts must sit as a liability until earned, and how to recognise revenue correctly across a service period. It helps UK business owners, accountants and bookkeepers using Xero avoid overstating income and manage deferred balances accurately. https://workwithlottie.com/api/guides/what-is-deferred-income/walkthrough/video 144 2026-08-04T16:07:14.535071+00:00 yes no https://workwithlottie.com/guides/what-is-depreciation https://workwithlottie.com/api/guides/what-is-depreciation/walkthrough/thumbnail What is depreciation? Methods & examples This video explains depreciation for business owners and accountants, covering how to spread a fixed asset's cost across its useful life, key terms including useful life, residual value and net book value, and how straight-line and reducing balance methods work with practical examples. https://workwithlottie.com/api/guides/what-is-depreciation/walkthrough/video 197 2026-08-04T16:13:29.093936+00:00 yes no https://workwithlottie.com/guides/prepayments-in-excel-vs-xero-automation https://workwithlottie.com/api/guides/prepayments-in-excel-vs-xero-automation/walkthrough/thumbnail Managing prepayments in Excel vs automating on Xero This walkthrough compares managing prepayments in Excel against automating them in Xero using WorkWithLottie, covering release schedules, month-end journals, and reconciliation. It helps bookkeepers and accountants handling multiple prepayments or client books reduce manual effort and eliminate spreadsheet errors. https://workwithlottie.com/api/guides/prepayments-in-excel-vs-xero-automation/walkthrough/video 139 2026-08-04T17:46:51.053738+00:00 yes no https://workwithlottie.com/guides/manual-vs-automated-month-end-journals https://workwithlottie.com/api/guides/manual-vs-automated-month-end-journals/walkthrough/thumbnail Manual vs automated month-end journals This walkthrough compares manual and automated month-end journal posting, covering accruals, prepayments, deferred income and depreciation. It helps accountants and finance teams using Xero decide which journals to automate and which to handle manually, reducing close time and the risk of missed reversals or errors. https://workwithlottie.com/api/guides/manual-vs-automated-month-end-journals/walkthrough/video 129 2026-08-04T16:22:55.843191+00:00 yes no https://workwithlottie.com/guides/xero-built-in-vs-dedicated-accruals-tool https://workwithlottie.com/api/guides/xero-built-in-vs-dedicated-accruals-tool/walkthrough/thumbnail Xero's built-in options vs a dedicated accruals & prepayments tool Compares Xero's built-in manual journals, repeating entries and fixed-asset register against a dedicated accruals and prepayments tool, showing where native features fall short at scale. Helps bookkeepers, accountants and finance teams managing multiple clients or entities decide when to add WorkWithLottie on top of Xero. https://workwithlottie.com/api/guides/xero-built-in-vs-dedicated-accruals-tool/walkthrough/video 225 2026-08-04T16:30:05.419242+00:00 yes no https://workwithlottie.com/guides/accrued-income-vs-deferred-income https://workwithlottie.com/api/guides/accrued-income-vs-deferred-income/walkthrough/thumbnail Accrued income vs deferred income: what's the difference? This walkthrough explains the difference between accrued income and deferred income, covering when each arises, how they sit on the balance sheet, and how to distinguish between them using two simple questions. It helps accountants, finance teams and business owners managing period-end revenue recognition in Xero. https://workwithlottie.com/api/guides/accrued-income-vs-deferred-income/walkthrough/video 145 2026-08-04T16:34:52.572562+00:00 yes no https://workwithlottie.com/guides/prepaid-expenses-examples https://workwithlottie.com/api/guides/prepaid-expenses-examples/walkthrough/thumbnail Prepaid expenses: 8 common examples for UK businesses This walkthrough covers the eight most common prepaid expenses in UK businesses — including insurance, rent, software subscriptions and training — and explains how to post them correctly across the balance sheet and P&L. It helps UK bookkeepers and finance teams apply accurate prepayment accounting under accruals principles. https://workwithlottie.com/api/guides/prepaid-expenses-examples/walkthrough/video 192 2026-08-04T16:41:03.037486+00:00 yes no https://workwithlottie.com/guides/month-end-close-process-explained https://workwithlottie.com/api/guides/month-end-close-process-explained/walkthrough/thumbnail The month-end close process, explained step by step This walkthrough video explains the five stages of the month-end close process — cut-off, accruals and prepayments, reconciliations, review, and sign-off and reporting — in sequential order. It helps finance teams and accountants close periods accurately, reduce errors and produce reconciled management accounts efficiently. https://workwithlottie.com/api/guides/month-end-close-process-explained/walkthrough/video 155 2026-08-04T16:46:04.834099+00:00 yes no https://workwithlottie.com/guides/what-is-a-reversing-journal https://workwithlottie.com/api/guides/what-is-a-reversing-journal/walkthrough/thumbnail What is a reversing journal (and when to use one)? A reversing journal automatically undoes an accrual entry on a set future date, preventing costs from being counted twice when the real invoice arrives. This walkthrough explains the three-step process using a practical example and shows how WorkWithLottie automates reversing accruals in Xero. https://workwithlottie.com/api/guides/what-is-a-reversing-journal/walkthrough/video 163 2026-08-04T16:51:24.934290+00:00 yes no https://workwithlottie.com/guides/accruals-basis-vs-cash-basis-accounting https://workwithlottie.com/api/guides/accruals-basis-vs-cash-basis-accounting/walkthrough/thumbnail Accruals basis vs cash basis accounting This walkthrough explains the difference between cash basis and accruals basis accounting, covering how each method records income and expenses and why the accruals basis requires period-end adjustments for prepayments, accruals and deferred income. It is aimed at accountants and finance teams managing period-end close in Xero. https://workwithlottie.com/api/guides/accruals-basis-vs-cash-basis-accounting/walkthrough/video 159 2026-08-04T16:56:34.739384+00:00 yes no