Set up and use Quickbooks for small business
Xero is a cloud-based accounting software that connects people with the right numbers and information. For accountants and bookkeepers, Xero helps build a trusted relationship with small business clients through online collaboration. Anytime, Anywhere, on Any Device!
Having your Xero file set up correctly is one of the fundamental keys to this Xero online training course. Clean, accurate data and automated functions make life easier combined with real-time data placing the user in control of your workflow and allows you to plan and track your time effectively.
Flexible Online Training
Online Learning Management System (LMS) login you can access this course anywhere you have Internet, on your phone, tablet or computer.
Training Manuals
Comprehensive manuals with step by step exercises and digital files to cement your practical skills & includes a How to Guide for End of Financial Year.
Instructional Videos
Individual chapter and section videos to assist in your learning including hints and tips from Xero and your Xero Certified Advisor, Melissa Foote.
Revision Exercises
Practical revision exercise and solutions to assist your course progress, learning comprehension and evaluate your skills, knowledge & development.
Units of Study
Getting Started
By the end of this module, you will be able to:
- sign up for a Xero account
- sign up for a trial organisation
- access the Demo Company
- navigate between the Demo Company & your trial
- access the help centre
- understand how data is imported & exported in bulk
- export a CSV file out of Xero
- import a CSV file into Xero
Chart of Accounts
By the end of this module, you will be able to:
- understand the purpose of the chart of accounts
- import a chart of accounts
- add an account
- edit an account
- delete / archive an account
- update a tax rate
Contacts
By the end of this module, you will be able to:
- create a contact
- view and work with contacts
- archive a contact
- edit an existing contact
Receive Money
By the end of this module, you will be able to:
- understand the components of the sales dashboard
- add a conversion balance for the Accounts Receivable account
- enter a sales invoice
- enter a repeating invoice
- understand each invoice status
Fixed Assets
By the end of this module, you will be able to:
- Set up the Fixed Asset Register
- Record a new fixed asset
- Edit and dispose of a fixed asset, using book values
Journal Entries
By the end of this module, you will be able to:
- post a manual journal
- import manual journals using a template
- set up a repeating journal
End Financial Year
By the end of this module, you will be able to:
- understand and set lock dates
- review accounts and reports
- make end of year adjustments
Setting Up
By the end of this module, you will be able to:
- access the general settings page
- enter organisation settings
- enter financial settings
- enter a conversion date
- change user access
- add users
- view user activity
Bank Accounts
By the end of this module, you will be able to:
- understand the bank feed process
- add a bank account
- manually update conversion balances
- import bank transactions
Inventory
By the end of this module, you will be able to:
- Add an untracked inventory item
- Add tracked inventory item
- Understand the basic use of an item
Purchases
By the end of this module, you will be able to:
- understand the components of the purchases dashboard
- set the conversion balance for accounts payable
- enter a purchase
- enter a repeating purchase
- understand each status for a purchases bill
Bank Reconciliation
By the end of this module, you will be able to:
- access the bank reconciliation screen
- match a bank statement line with an existing general ledger transaction
- create a ‘spend money’ transaction directly from the reconciliation screen
- record the transfer of funds between bank accounts
- record a prepayment
- access the bank reconciliation report
Reporting
By the end of this module, you will be able to:
- work with report layout, period and range options
- publish and export reports
- complete GST reporting
Assessment
By the end of this module, you will be able to:
- Revision exercises and knowledge questions to test your learning
- Solutions to the exercises
- Digital versions of the knowledge questions
Any questions just ask?
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- Online Training Portole Access
- Training Manuals
- Instructional Videos
- Revision Exercises
- Does notinclude Xero Software
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