Course Outline

This Xero course is ideal for individuals with no prior bookkeeping or accounting software knowledge. Basic bookkeeping principles; accounting terminology and relevant legislation are introduced.

Topics include

Cloud Based Accounting

• Understanding Logins, Access and Pricing
• Access My Xero
• Access the Xero Demo Company
• Understanding The Xero Dashboard
• Understanding The Xero Menus, Icons & Tabs
• Getting Help & Support

Understanding Organisation Settings

• Understanding Financial Settings
• Understanding Tax Rates
• Understanding Email Settings
• Create An Email Template
• Add An Email Address
• Add A Custom Contact Link
• Send A Xero Network Invite (Xero to Xero)
• Understanding Add-ons
• Understanding User Roles
• Understanding Chart Of Accounts

Understanding Bank Accounts & Bank Feeds

• Adding A Bank Account
• Establishing Bank Account Feeds
• Bank Statements & Importing
• Importing A Bank Statement
• Account Transactions

Understanding Contacts

• Contact Input Fields
• Importing Contacts
• Adding A Contact
• Editing A Contact

Understanding Invoice Settings

• Adding A Payment Service
• Understanding The Sales Dashboard
• Invoice States
• Creating A New Invoice
• Editing An Invoice
• Copying An Invoice
• Voiding An Invoice
• Emailing An Invoice
• Printing An Invoice
• Recording A Payment
• Creating A Credit Note
• Understanding Statements
• Sending A Statement
• Batch Deposits

Understanding The Purchases Dashboard

• Bill States
• Creating A New Bill
• Editing A Bill
• Copying A Bill
• Voiding A Bill
• Importing Bills
• Recording A Payment
• Sending A Remittance
• Understanding Credit Notes
• Creating A Credit Note
• Understanding Batch Payments
• Creating A Batch Payment

Understanding Reconciliation

• The Reconciliation Screen
• Bank Statement
• Account Transactions
• Matching
• Part Payments
• Minor Adjustments
• Prepayments
• Overpayments
• Creating Spend And Receive Transactions
• Auto Suggestion
• Transfers Between Bank Accounts
• Discuss Tab
• Editing Transactions
• Editing a Transaction
• Reconciliation Report

Please Bring

• Notepad and pen
• USB flash drive

Prerequisites

• Intermediate to advanced Windows and Internet skills.
• This course is designed for participants with little or no previous knowledge of Xero.
• Prior to the course commencement all students must have set up their own access to Xero with access to authenticator. Students must have a smart phone in class to access the authenticator. It is the responsibility of the student to have these details to hand once the class starts as the tutor will not spend time assisting students to set up their accounts in classtime.
• Please note there will be a separate course on Payroll.