Course Description
Description
Xero Accounts course is about how to use Xero based on the most popular functions which you as a Xero operator needs to know how to use, in order to be proficient in using the software.
The learning is structured in a practical way. You are given a practical scenario assignment. There are various tasks to complete. You are given the task to do and have a go at, and then the video answer is available. It is suggested that you:
- Read the task
- Watch the video
- Have a go at it yourself on your own system
- Rewatch the video (if necessary) – to reinforce the learning
You’ll learn how to set up a Xero system from scratch, how to enter opening balances, post customer invoices and credit notes, post supplier bills and credit notes, pay suppliers, petty cash, prepare a VAT return, reconcile the bank, reconcile the credit card, post journals, use the payroll function, write off bad debts, run reports amongst over things.
This is a useful course if:
- You are thinking of working with the software,
- You are going for jobs which have a requirement for you to be able to use this software
- You want to put this skill on your CV, or
- You are a bookkeeper or accountant and will be using this for clients or even
- You run your own business and want to know how to use Xero for yourself.
You will need to access to Xero Online. We give you the link to access the FREE online version. This will be sufficient The instructor is online to answer student queries daily and is in the middle of writing a book about this software.
The course materials include:
- the handout of the assignment task
- show you how to access the software for free
Successful completion of the course is the equivalent to being at the level of having a level 2 certificate in computerised accounts.
The course will take about 6.5 hours to complete.
Disclaimer: This course aims to enhance your proficiency in Xero accounting software. It’s an independent creation not affiliated with Xero Limited, and the certificate you earn isn’t an official Xero certification.
What Will I Learn?
- By the end of the course you will be able to complete various common functions using Xero software
- In this course, you will learn how to:
- Enter the opening balances
- Amend the nominal ledger
- Add new customer and supplier details
- Post customer invoices and credit notes to the sales ledger
- Post supplier invoices and credit notes to the purchase ledger
- Enter the supplier cheques and record the customer receipts
- Post Petty Cash transactions
- Prepare the VAT return
- Reconcile the bank
- Post the wages journal
- Post adjustments to the accounts and produce month-end reports
Who is the target audience?
- Bookkeepers and Accountants who will be using this for their clients
- Students who are going for jobs where the requirement is working knowledge of Xero
- Those who have studied accounting, but want practical knowledge of how to use a popular accounting software which will help them find employment
- Previous knowledge of accounting is not presumed or required
Requirements
- You will need access to Xero accounts online in order to complete the assignment (we’ll give you the link to get the free trial version of the software)
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Introduction 00:02:00
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Introduction – Getting Started 00:01:00
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Signing up to Xero 00:04:00
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Quick Tour of Xero 00:12:00
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Initial Xero Settings 00:13:00
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Chart of Accounts 00:14:00
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Adding a Bank Account 00:08:00
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Demo Company 00:04:00
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Tracking Categories 00:06:00
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Contacts 00:12:00
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Introduction – Invoices and Sales 00:01:00
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Sales Screens 00:04:00
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Invoice Settings 00:13:00
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Creating an Invoice 00:18:00
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Repeating Invoices 00:07:00
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Credit Notes 00:06:00
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Quotes Settings 00:03:00
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Creating Quotes 00:07:00
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Other Invoicing Tasks 00:03:00
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Sending Statements 00:03:00
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Sales Reporting 00:05:00
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Introduction – Bills and Purchases 00:01:00
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Purchases Screens 00:04:00
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Bill Settings 00:02:00
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Creating a Bill 00:13:00
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Repeating Bills 00:05:00
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Credit Notes 00:10:00
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Purchase Order Settings 00:02:00
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Purchase Orders 00:08:00
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Batch Payments 00:13:00
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Other Billing Tasks 00:02:00
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Sending Remittances 00:03:00
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Purchases Reporting 00:05:00
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Introduction – Bank Accounts 00:01:00
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Bank Accounts Screens 00:07:00
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Automatic Matching 00:04:00
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Reconciling Invoices 00:06:00
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Reconciling Bills 00:03:00
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Reconciling Spend Money 00:05:00
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Reconciling Receive Money 00:04:00
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Find and Match 00:04:00
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Bank Rules 00:09:00
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Cash Coding 00:03:00
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Remove and Redo vs Unreconcile 00:04:00
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Uploading Bank Transactions 00:07:00
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Automatic Bank Feeds 00:06:00
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Introduction – Products and Services 00:01:00
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Products and Services Screen 00:02:00
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Adding Services 00:03:00
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Adding Untracked Products 00:03:00
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Adding Tracked Products 00:07:00
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Introduction – Fixed Assets 00:01:00
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Fixed Assets Settings 00:06:00
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Adding Assets from Bank Transactions 00:06:00
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Adding Assets from Spend Money 00:05:00
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Adding Assets from Bills 00:02:00
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Depreciation 00:04:00
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Introduction – Payroll 00:01:00
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Payroll Settings 00:15:00
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Adding Employees 00:18:00
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Paying Employees 00:10:00
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Payroll Filing 00:04:00
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Introduction – VAT Returns 00:01:00
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VAT Settings 00:02:00
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VAT Returns – Manual Filing 00:06:00
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VAT Returns – Digital Filing 00:02:00
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