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) The video walks through how to account for prepayments in Xero using an insurance premium example, covering how to code supplier bills to a balance sheet prepayment account and post monthly journals to release costs evenly across a P&L. It helps bookkeepers and finance teams produce accurate, comparable monthly management accounts. https://workwithlottie.com/api/guides/how-to-account-for-prepayments-in-xero/walkthrough/video 205 2026-09-06T11:07:18.679635+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 prepayments spread advance payments across future periods as a balance-sheet asset and how accruals recognise expenses before an invoice arrives as a balance-sheet liability. It helps finance teams and bookkeepers applying month-end adjustments in Xero. https://workwithlottie.com/api/guides/accruals-vs-prepayments-difference/walkthrough/video 207 2026-09-06T11:15:32.109967+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 automate accruals, prepayments and deferred income in Xero using WorkWithLottie, covering setup, schedule generation, journal posting and balance reconciliation. It is aimed at finance teams and accountancy practices currently managing these processes manually in spreadsheets. https://workwithlottie.com/api/guides/how-to-automate-accruals-and-prepayments-in-xero/walkthrough/video 170 2026-09-06T11:22:24.651224+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 This walkthrough video covers an eight-step month-end close checklist for Xero, including bank reconciliation, accruals, prepayments, deferred income, fixed assets, and balance-sheet review. It helps finance teams and bookkeepers standardise and complete their Xero month-end close accurately every period. https://workwithlottie.com/api/guides/month-end-close-checklist-for-xero/walkthrough/video 193 2026-09-06T11:27:14.204140+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 in UK accounting — from initial invoice posting through to monthly revenue recognition journals — using a £12,000 annual contract as a worked example. It helps accountants and finance teams using WorkWithLottie automate and manage deferred income schedules accurately across multiple contracts. https://workwithlottie.com/api/guides/deferred-income-and-revenue-recognition-explained/walkthrough/video 162 2026-09-06T11:30:32.259997+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 dedicated current liability account and monthly manual journals, with a £12,000 subscription used as a worked example. It helps UK bookkeepers and finance teams recognise income correctly across accounting periods without overstating revenue. https://workwithlottie.com/api/guides/how-to-record-deferred-revenue-in-xero/walkthrough/video 184 2026-09-06T08:16:14.591923+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) This walkthrough demonstrates how to post prepayment journal entries using three UK examples — annual insurance and quarterly rent paid in advance — covering the two-stage process of recording the initial payment to account 1240 and releasing it monthly to the P&L. It helps UK bookkeepers and finance teams apply correct prepayment accounting treatment. https://workwithlottie.com/api/guides/prepayment-journal-entry-examples-uk/walkthrough/video 242 2026-09-06T11:35:24.006095+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 finance teams and bookkeepers how to record an accrued expense in Xero using manual journals and same-day reversals, ensuring costs appear in the correct accounting period. A worked example covers a £450 electricity bill posted across March and April. https://workwithlottie.com/api/guides/how-to-record-accrued-expenses-in-xero/walkthrough/video 160 2026-09-06T11:39:04.185104+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 Walkthrough video showing how to post a depreciation journal in Xero using Manual Journals, covering straight-line and reducing balance methods. Suitable for UK bookkeepers and finance teams who need to spread fixed asset costs across accounting periods and maintain accurate net book values on the Balance Sheet. https://workwithlottie.com/api/guides/how-to-account-for-depreciation-in-xero/walkthrough/video 177 2026-09-06T13:31:47.259335+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 shows accountants and finance teams how to build a reusable monthly accrual journal template, covering correct period-end dating, double-entry posting, narrative standards, auto-reversal setup, consistent referencing, and supporting schedule maintenance. It suits anyone posting recurring accruals in Xero who wants faster, more auditable month-end close. https://workwithlottie.com/api/guides/monthly-accrual-journal-template/walkthrough/video 178 2026-09-06T11:43:22.109708+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 defines prepayments as upfront payments for future-period benefits, explains why expensing them immediately distorts the profit and loss account, and shows how to post them to a balance sheet asset account before releasing monthly portions to the correct expense account. It suits bookkeepers, finance managers and business owners using accruals-basis accounting in Xero. https://workwithlottie.com/api/guides/what-is-a-prepayment/walkthrough/video 186 2026-09-06T11:47:06.709880+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 This walkthrough explains what an accrual is, why it is recognised before an invoice arrives, how it differs from a prepayment, and how to post and reverse the journal entry correctly. It helps UK finance teams, bookkeepers and Xero users who need to apply accruals accounting accurately at month-end. https://workwithlottie.com/api/guides/what-is-an-accrual/walkthrough/video 170 2026-09-06T11:50:26.015081+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 defines deferred income as a balance sheet liability representing invoiced or received funds for undelivered goods or services, and explains how to post, spread, and release it into revenue correctly. It helps UK finance teams and accountants who need to account for subscriptions, retainers, and deposits under accruals-basis accounting. https://workwithlottie.com/api/guides/what-is-deferred-income/walkthrough/video 156 2026-09-06T11:53:34.113152+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 what depreciation is, the straight-line and reducing balance methods, and how to calculate a depreciation charge using useful life, residual value and net book value. It suits business owners, bookkeepers and finance teams seeking a clear, practical introduction to depreciating fixed assets in their accounts. https://workwithlottie.com/api/guides/what-is-depreciation/walkthrough/video 207 2026-09-06T11:57:41.692568+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 the process on Xero using WorkWithLottie, covering manual journal posting, formula risks and multi-entity file management. It suits bookkeepers and accountants handling growing prepayment volumes or multiple client books who want to reduce month-end errors. https://workwithlottie.com/api/guides/prepayments-in-excel-vs-xero-automation/walkthrough/video 136 2026-09-06T12:00:31.012911+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 Xero users and finance teams understand when to automate repeatable journals, when to apply human judgement, and how combining both approaches speeds up month-end close while reducing errors. https://workwithlottie.com/api/guides/manual-vs-automated-month-end-journals/walkthrough/video 137 2026-09-06T12:03:27.125014+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 This walkthrough compares Xero's native repeating journals and fixed-asset depreciation against a dedicated accruals and prepayments tool, covering automatic accrual reversal, deferred income recognition, and multi-client month-end status. It helps accountants and bookkeepers decide which approach suits their practice's complexity and client volume. https://workwithlottie.com/api/guides/xero-built-in-vs-dedicated-accruals-tool/walkthrough/video 189 2026-09-06T12:07:20.374123+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 how each arises when invoice timing and revenue recognition diverge, where each sits on the balance sheet, and how to classify income items correctly at period end. It helps UK finance teams, accountants and Xero users who need to apply accruals and deferred income treatment accurately. https://workwithlottie.com/api/guides/accrued-income-vs-deferred-income/walkthrough/video 129 2026-09-06T12:09:58.765225+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 what prepaid expenses are, eight common UK business examples including insurance, rent, software subscriptions and training, and how to account for them correctly by posting costs to a balance sheet prepayment account before releasing them monthly to profit and loss. It helps UK finance teams, bookkeepers and small business owners apply correct prepayment accounting treatment. https://workwithlottie.com/api/guides/prepaid-expenses-examples/walkthrough/video 209 2026-09-06T12:13:59.027649+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 covers the five-step month-end close process — cut-off, accruals and prepayments, reconciliations, review, and sign-off — showing how to standardise and repeat it every period. It is aimed at accountants and bookkeepers who want a clear, repeatable sequence that produces fully reconciled, reviewed and locked periods with management reports ready to share. https://workwithlottie.com/api/guides/month-end-close-process-explained/walkthrough/video 142 2026-09-06T12:16:47.322696+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)? This walkthrough explains what a reversing journal is, how it automatically cancels an accrual at the start of the next period, and why that prevents double-counting when the real invoice arrives. It helps bookkeepers and finance teams managing accruals in Xero, including those using WorkWithLottie to automate the process. https://workwithlottie.com/api/guides/what-is-a-reversing-journal/walkthrough/video 143 2026-09-06T12:19:40.148346+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 accruals basis gives a truer picture of financial performance. It suits small business owners and accountants managing month-end close in Xero. https://workwithlottie.com/api/guides/accruals-basis-vs-cash-basis-accounting/walkthrough/video 137 2026-09-06T12:22:23.502696+00:00 yes no