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
-
Introduction – Getting Started
00:01:00 -
Signing up to Xero
00:04:00 -
Quick Tour of Xero
00:12:00 -
Initial Xero Settings
00:13:00 -
Chart of Accounts
00:14:00 -
Adding a Bank Account
00:08:00 -
Demo Company
00:04:00 -
Tracking Categories
00:06:00 -
Contacts
00:12:00
-
Introduction – Invoices and Sales
00:01:00 -
Sales Screens
00:04:00 -
Invoice Settings
00:13:00 -
Creating an Invoice
00:18:00 -
Repeating Invoices
00:07:00 -
Credit Notes
00:06:00 -
Quotes Settings
00:03:00 -
Creating Quotes
00:07:00 -
Other Invoicing Tasks
00:03:00 -
Sending Statements
00:03:00 -
Sales Reporting
00:05:00
-
Introduction – Bills and Purchases
00:01:00 -
Purchases Screens
00:04:00 -
Bill Settings
00:02:00 -
Creating a Bill
00:13:00 -
Repeating Bills
00:05:00 -
Credit Notes
00:10:00 -
Purchase Order Settings
00:02:00 -
Purchase Orders
00:08:00 -
Batch Payments
00:13:00 -
Other Billing Tasks
00:02:00 -
Sending Remittances
00:03:00 -
Purchases Reporting
00:05:00
-
Introduction – Bank Accounts
00:01:00 -
Bank Accounts Screens
00:07:00 -
Automatic Matching
00:04:00 -
Reconciling Invoices
00:06:00 -
Reconciling Bills
00:03:00 -
Reconciling Spend Money
00:05:00 -
Reconciling Receive Money
00:04:00 -
Find and Match
00:04:00 -
Bank Rules
00:09:00 -
Cash Coding
00:03:00 -
Remove and Redo vs Unreconcile
00:04:00 -
Uploading Bank Transactions
00:07:00 -
Automatic Bank Feeds
00:06:00
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Introduction – Products and Services
00:01:00 -
Products and Services Screen
00:02:00 -
Adding Services
00:03:00 -
Adding Untracked Products
00:03:00 -
Adding Tracked Products
00:07:00
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Introduction – Fixed Assets
00:01:00 -
Fixed Assets Settings
00:06:00 -
Adding Assets from Bank Transactions
00:06:00 -
Adding Assets from Spend Money
00:05:00 -
Adding Assets from Bills
00:02:00 -
Depreciation
00:04:00
-
Introduction – Payroll
00:01:00 -
Payroll Settings
00:15:00 -
Adding Employees
00:18:00 -
Paying Employees
00:10:00 -
Payroll Filing
00:04:00
-
Introduction – VAT Returns
00:01:00 -
VAT Settings
00:02:00 -
VAT Returns – Manual Filing
00:06:00 -
VAT Returns – Digital Filing
00:02:00
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