Set up and use Xero 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
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
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 
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 
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
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 
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 
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
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
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
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
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 
End of 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 
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
Going the Extra Mile

Bringing People and Business Together with Software Enhanced Strategies

Interested? Let’s work together

How we do the job

Our Consulting Process

01. Analyse & Create

It’s time to analyse where you’re at and where you want to be. We then identify the best way forward by creating a system and/or program that works for you.

02. Build & Scale

It’s time to get down to taking action and control at all levels of your business. We work with you to build a scaleable and easy to follow system.

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03. Assure & Review

It’s time to review your new system and make sure all staff are following the new program. Allow everyone in your team to be accountable for their additions to your continuous improvement.

04. Celebrate & Rejuvenate

It’s time to celebrate your new found success and freedoms. It’s up to you….. continue to develop based upon what we’ve already taught you or sit back and enjoy that holiday and cocktail whilst your team take control.