16: 3 Hidden Problems in Your Xero File — and How To Solve Them

Profit First For Tradies

Burnt out, stressed, and confused by your numbers? Let's fix that.

In today’s episode, Katie dives deep into the hidden problems lurking in your Xero file that are silently sabotaging your business. Whether you’re a business owner doing your best to manage your books or you're working with a bookkeeper who’s missing the mark, these issues are leading to inaccurate reporting, poor bookkeeping processes, and dreaded surprise tax bills.

But don’t worry — Katie’s here to help you turn it all around with simple, practical steps. She'll walk you through identifying red flags, streamlining your bookkeeping, and ensuring your Xero file is one of your best business assets, not your biggest headache.

In this episode of Profit First for Tradies, you’ll learn the following:

• The 3 biggest frustrations business owners face with Xero files (00:30)
• The dangers of inaccurate reporting (02:00)
• The perils of inefficient bookkeeping and tips to streamline your processes (02:34)
• The worst outcome of mismanaged books: surprise tax bills (03:02)
• A quick and simple DIY audit to spot discrepancies in your Xero dashboard (03:26)
• The importance of asking for help when things don’t look right (04:57)
• How to get in touch with Katie (07:39)

Ready to take control of your Xero file and breathe that sigh of relief? Don’t wait for things to get worse — open up your dashboard now, do a quick check, and start asking the right questions!

QUOTES

“You can simply open up your Xero dashboard and look at those three points, and if it doesn't make sense, then you know exactly what you need to do — you need to reach out and ask for help.” - Katie Crismale-Marshall

Resources

Xero

Hubdoc