Xero Set Up / BAS / Accounting for initial Owner's Loans to company
We have just set up a business and have been operating for some months now. We have signed up and uploaded to Xero all the accounts and linked this to our bank account. As the balance in our bank account does not match the balance in Xero, we will need your assistance reconciling this.
Also, both partners have put in some money to purchase some capital for the business. We need your assistance to account for this as a loan to the company with the intention that this be paid back once the company is profitable.
After the above is done, we need assistance with the BAS.
Ongoing book keeping support is likely to be required after these tasks are completed.