This is the 7th course in a comprehensive series of courses about Xero Accounting software. We will focus on month-end adjusting entries which are often needed to make the bookkeeping correct and in accordance with the accounting method used (often the accrual method) as of the month end or year-end. As we enter each adjustment we will analyze the impact on the financial statement and assess whether we should enter a reversing entry. We will enter reversing entries where appropriate and analyze the impact on the financial statements and bookkeeping process.