What must you ensure before posting a journal in Xero?

Before posting a journal in Xero, it is essential to ensure that total debits and credits match. This fundamental principle of double-entry accounting guarantees that the financial records are balanced, thus maintaining the integrity of the financial statements. Each journal entry must have equal amounts in debits and credits; otherwise, the entry will not be accepted by the system.

This matching of debits and credits is crucial because it ensures that all transactions are accurately reflected in the accounting system, preventing errors that could lead to financial discrepancies. By adhering to this rule, users can have confidence that the figures in their reports will accurately represent the organization's financial position.

Ensuring invoices are approved, having administrator privileges, or confirming that all transactions are in the same currency, while important in their own contexts, do not directly pertain to the requirement for journal entries. Thus, they do not affect the posting of the journal in the same way that balanced debits and credits do.