This is commonly used for things such as general expenses or donations that don't have invoices/bills against them.
This video tutorial shows you how to:
– create and reconcile a spend or receive money transaction
– account for payments before they show up in your bank statements
– edit an existing spend or receive money transaction.
Try Xero accounting software for free: xero.com/signup/
Spend and receive money transactions in Xero accounting software from Xero on Vimeo.