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Course: Xero Online Bookkeeping

Xero Online Bookkeeping

  • Life Time Access
  • Certificate on Completion
  • Access on Android and iOS App
About this Course

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 includes:

  • 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.

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
Basic knowledge
  • 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)
What you will learn
  • By the end of the course you will be able to complete various common functions using Xero
  • 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
  • Use credit card to make payments and reconcile the credit card account
  • Write off bad debt
  • Use the payroll function in Xero
  • Import a bank statement
Curriculum
Lectures quantity: 58
Common duration: 06:31:16
Getting Prepared - Access the software and course materials
  • Introduction to the course and your tutor  

    Introduction to the course and your tutor

  • Activating your free trial with Xero  

    Activating your free trial with Xero

  • Xero the book - coming soon!  

    Xero the book - coming soon!

Getting started
  • Signing up for the free trial  

    Signing up for the free trial

  • Create the organisation  

    Create the organisation

  • The ficticious scenario  

    The ficticious scenario

Setting up the system
  • Add Bank accounts to the system  

    Add Bank accounts to the system

  • Enter opening balances  

    Enter opening balances

  • Opening trial balance  

    Opening trial balance

Nominal ledger
  • Amend the nominal ledger  

    Amend the nominal ledger

  • Chart of Accounts Report  

    Chart of Accounts Report

Customers & Suppliers
  • Enter customers  

    Enter customers

  • Entering suppliers  

    Entering suppliers

  • Reporting customer and supplier information  

    Reporting customer and supplier information

Sales ledger
  • Enter invoices  

    Enter invoices

  • Invoicing tips - adding logo, repeat billing  

    Invoicing tips - adding logo, repeat billing

  • Entering invoices 6574 to 6610  

    Entering invoices 6574 to 6610

  • Post credit notes  

    Post credit notes

  • Report showing customer activity  

    Report showing customer activity

  • Aged debtors  

    Aged debtors

Suppliers
  • Post supplier invoices  

    Post supplier invoices

  • Enter suppliers invoices 6028 onwards  

    Enter suppliers invoices 6028 onwards

  • Enter more supplier invoices no 4308 onwards  

    Enter more supplier invoices no 4308 onwards

  • Credit notes suppliers  

    Credit notes suppliers

  • Supplier activity report  

    Supplier activity report

  • Aged creditors info  

    Aged creditors info

Purchases ledger
  • Receipts from customers  

    Receipts from customers

  • Apply customer credit notes  

    Apply customer credit notes

Sundry payments
  • Post supplier cheques  

    Post supplier cheques

  • Apply supplier credit notes  

    Apply supplier credit notes

  • Print list of bank receipts and payments  

    Print list of bank receipts and payments

Sundry-payments
  • Post sundry payments  

    Post sundry payments

  • Make a credit card payment  

    Make a credit card payment

Petty Cash
  • Post Petty Cash Transactions - week 1  

    Post Petty Cash Transactions - week 1

  • Petty cash - week 2  

    Petty cash - week 2

  • Petty cash - week 3  

    Petty cash - week 3

  • Petty cash - week 4  

    Petty cash - week 4

  • Imprest system on petty cash  

    Imprest system on petty cash

  • Report on cash payments and receipts  

    Report on cash payments and receipts

Bad Debt
  • Writing off a bad debt - print customer statement  

    Writing off a bad debt - print customer statement

  • Write off a bad debt  

    Write off a bad debt

Credit Card
  • Reconcile the credit card statement  

    Reconcile the credit card statement

Bank Reconciliation
  • Bank statement as a csv file  

    Bank statement as a csv file

  • Bank statement closing balances  

    Bank statement closing balances

  • Reconcile the Petty Cash  

    Reconcile the Petty Cash

Payroll / Wages
  • Wages and salaries  

    Wages and salaries

  • Post the wages journal  

    Post the wages journal

  • Report wages journal  

    Report wages journal

  • Payday  

    Payday

  • Pay the two staff  

    Pay the two staff

VAT - Value Added Tax
  • Depreciation journal  

    Depreciation journal

  • VAT Return  

    VAT Return

Reports
  • Month end reports PnL, BS, TB  

    Month end reports PnL, BS, TB

Payroll unit
  • Using Payroll  

    Using Payroll

  • Setting up employees  

    Setting up employees

  • Running payroll - an example  

    Running payroll - an example

Conclude
  • Recap and Next Steps  

    Recap and Next Steps

  • What happens next?  

    What happens next?

Rating
Enrolled Students
(79)
Level
All
Price
$ 9.00
Course Language
English
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