This course is designed for those interested to learn how to do bookkeeping using Xero Online.
Read more.Instructor
Lisa Newton, BA, MSc, FMAAT has a masters degree in Investment Management and a first class honours degree in Accounting with Marketing.
About This Course
Who this course is for:
- Bookkeepers and Accountants assisting clients
- Students pursuing jobs requiring Xero proficiency
- Accounting graduates seeking practical software skills
- No prior accounting knowledge presumed or necessary
What you’ll learn:Â
- Master common Xero functions
- Input opening balances
- Modify the nominal ledger
- Manage customer and supplier data
- Record invoices and credit notes
- Handle supplier cheques and customer receipts
- Log Petty Cash transactions
- Generate VAT returns
- Reconcile the bank
- Handle wages journal
- Make adjustments and produce month-end reports
- Utilize credit cards for payments and reconciliation
- Manage bad debt write-offs
- Leverage Xero’s payroll function
- Import bank statements
Requirements:Â
- To complete the assignment, access Xero accounts online (we’ll provide the link for the free trial version)
This Xero Online Bookkeeping course focuses on essential Xero functions for proficiency in the software. The learning approach is practical, involving scenario-based assignments with tasks to complete. Here’s the recommended process:
- Read the task.
- Watch the video.
- Attempt the task on your system.
- Revisit the video if needed to reinforce your understanding the learning
You’ll acquire the skills to create a Xero system from the ground up, input opening balances, manage customer invoices and credit notes, handle supplier bills and credit notes, make supplier payments, manage petty cash, compile VAT returns, conduct bank and credit card reconciliations, record journals, utilize payroll features, manage bad debt write-offs, and generate various reports, among other essential tasks.
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
- You are a bookkeeper or accountant and will be using this for clients
- You run your own business and want to know how to use Xero for yourself.
Access to Xero Online is required, and we provide the link for accessing the free online version.
The course materials consist of:
- Assignment task handout
- Instructions for accessing the software at no cost”
Our Promise to You
By the end of this course, you will have learned how to do bookkeeping using Xero Online.
10 Day Money Back Guarantee. If you are unsatisfied for any reason, simply contact us and we’ll give you a full refund. No questions asked.
Get started today and learn more about Xero Online.
Course Curriculum
Section 1 - Getting Prepared: Access The Software And Course Materials | |||
Introduction To The Course And Your Tutor | 00:00:00 | ||
Activating Your Free Trial With Xero | 00:00:00 | ||
Section 2 - Getting Started | |||
Signing Up For The Free Trial | 00:00:00 | ||
Create The Organization | 00:00:00 | ||
The Fictitious Scenario | 00:00:00 | ||
Section 3 - Setting Up The System | |||
Add Bank Accounts To The System | 00:00:00 | ||
Enter Opening Balances | 00:00:00 | ||
Opening Trial Balance | 00:00:00 | ||
Section 4 - Nominal Ledger | |||
Amend The Nominal Ledger | 00:00:00 | ||
Chart Of Accounts Report | 00:00:00 | ||
Section 5 - Customers And Suppliers | |||
Enter Customers | 00:00:00 | ||
Entering Suppliers | 00:00:00 | ||
Reporting Customer And Supplier Information | 00:00:00 | ||
Section 6 - Sales Ledger | |||
Enter Invoices | 00:00:00 | ||
Invoicing Tips: Adding Logo And Repeat Billing | 00:00:00 | ||
Entering Invoices 6574 To 6610 | 00:00:00 | ||
Post Credit Notes | 00:00:00 | ||
Report Showing Customer Activity | 00:00:00 | ||
Aged Debtors | 00:00:00 | ||
Section 7 - Suppliers | |||
Post Supplier Invoices | 00:00:00 | ||
Enter Suppliers Invoices 6028 Onward | 00:00:00 | ||
Enter More Supplier Invoices No. 4308 Onward | 00:00:00 | ||
Credit Notes Suppliers | 00:00:00 | ||
Supplier Activity Report | 00:00:00 | ||
Aged Creditors Info | 00:00:00 | ||
Section 8 - Purchases Ledger | |||
Receipts From Customers | 00:00:00 | ||
Apply Customer Credit Notes | 00:00:00 | ||
Section 9 - Sundry Payments | |||
Post Supplier Cheques | 00:00:00 | ||
Apply Supplier Credit Notes | 00:00:00 | ||
Print List Of Bank Receipts And Payments | 00:00:00 | ||
Section 10 - Sundry Payments | |||
Post Sundry Payments | 00:00:00 | ||
Make A Credit Card Payment | 00:00:00 | ||
Section 11 - Petty Cash | |||
Post Petty Cash Transactions: Week 1 | 00:00:00 | ||
Petty Cash: Week 2 | 00:00:00 | ||
Petty Cash: Week 3 | 00:00:00 | ||
Petty Cash: Week 4 | 00:00:00 | ||
Imprest System On Petty Cash | 00:00:00 | ||
Report On Cash Payments And Receipts | 00:00:00 | ||
Section 12 - Bad Debt | |||
Writing Off A Bad Debt: Print Customer Statement | 00:00:00 | ||
Write Off A Bad Debt | 00:00:00 | ||
Section 13 - Credit Card | |||
Reconcile The Credit Card Statement | 00:00:00 | ||
Section 14 - Bank Reconciliation | |||
Bank Statement As A .Csv File | 00:00:00 | ||
Bank Statement Closing Balances | 00:00:00 | ||
Reconcile The Petty Cash | 00:00:00 | ||
Section 15 - Payroll / Wages | |||
Wages And Salaries | 00:00:00 | ||
Post The Wages Journal | 00:00:00 | ||
Report Wages Journal | 00:00:00 | ||
Payday | 00:00:00 | ||
Pay The Two Staff | 00:00:00 | ||
Section 16 - VAT: Value Added Tax | |||
Depreciation Journal | 00:00:00 | ||
VAT Return | 00:00:00 | ||
Section 17 - Reports | |||
Month End Reports PnL, BS, TB | 00:00:00 | ||
Section 18 - Payroll Unit | |||
Using Payroll | 00:00:00 | ||
Setting Up Employees | 00:00:00 | ||
Running Payroll: An Example | 00:00:00 | ||
Section 19 - Conclusion | |||
Recap And Next Steps | 00:00:00 |
Full of Real Life Examples
Thank you, Lisa. You have provided an in depth look into Xero and gave very important examples that will surely be useful in real life application. God bless and more power!
Well explained and I was able to understand some few things that I’m not aware before. Thank you Lisa.
Thank You=)
I really learn a lot with this course and i like the way that i was able to navigate the system at the same time. It’s like a face to face training actually. The trainer really knows what she is talking about. Explanation is clear and easy to understand. Thank you.
Absolutely a BIG help!
This course is amazing. I now love numbers. 🙂
Easy to understand.