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