This article is targeted to Molo customers that use Xero and Molo's Service and Repair Tools.

This article describes how to record and reconcile payments for warranty work.

  1. Firstly, you'll need a Liabilities account in Xero which will be used for reconciliation. In the screenshot below, we've used a Current Liability account but your bookkeeper / accountant may configure this differently according to your internal bookkeeping practices. Click here for the Xero guide on Creating New General Ledger Accounts.
  2. Open the invoice in Xero that has warranty work. Record a payment of the amount you expect to receive from the manufacturer / boat builder. Note: You must contact Molo to credit the invoice in Molo. Payments applied directly in Xero do not automatically appear in Molo.
  3. When you receive the warranty payment from the manufacturer / boat builder, you reconcile the incoming money against the same Liability account where you recorded the payment.
  4. Finally, you can run the Account Transactions report to view all your warranty payments.