Navigating Your Finance Function

Steps that Team Samera take with your financial needs.

Step 1

Invoice

Receive an invoice from a supplier.

Step 1

Step 2

Send

Scan/photo or email the invoice to Hubdoc.

Step 2

Step 3

Document

Information posted into Xero by Team Samera at awaiting payment stage.

Step 3

Step 4

Receive

Payment made via bank account or WISE.

Step 4

Step 5

Match

Once invoice is paid Xero matches invoice with payment.

Step 5

Step 6

Reconcile

Bank account is reconciled fully at the end of each month or more regularly.

Step 6

Step 7

Report

Produce management reports.

Step 7

Step 8

Review

Review of management reports to highlight variances for action.

Step 8

Step 9

Feed

Feeds into the annual accounts process with a very quick turnaround for year end.

Step 9

Step 10

Budgets

Set up budgets for the next financial year.

Step 10

Further Information

To find out more, check out our Learning Centre, full of articles and webinars covering accounts, tax and finances for dental practices.

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