This course is designed for those interested to learn how to do bookkeeping using Xero Online.
Read more.Instructor
Lisa
Lisa Newton, BA, MSc, FMAAT has a masters degree in Investment Management and a first class honours degree in Accounting with Marketing.
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About This Course
This Xero Online Bookkeeping course is about how to use Xero based on the most popular functions which you as a Xero operator need 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
- 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.
You will need to access to Xero Online. We give you the link to access the FREE online version.
The course materials includes:
- the handout of the assignment task
- show you how to access the software for free
What am I going to get from this course?
- 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
What are the requirements?
- 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)
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
Our Promise to You
By the end of this course, you will have learned how to do bookkeeping using Xero Online.
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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 | ||
Course Review
4.8
50 RatingsRelated Courses
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.
Start of my Work From Home Career
Thank you for this simple and useful course. Thank you so much.