Should you use the purchases (bills) area in Xero? OR “Cash code” by allocating transactions from the bank feed? The answer can vary depending on the size of the business and the level of reporting required, so let’s talk about these options in more detail first. Cash coding Cash coding means that when you see a payment on your bank feed in Xero, you use the ‘create’ screen to allocate the payment to an account, for example ‘advertising’ in the screenshot…