Finance
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Comprehensive Guide to Xero Accounting

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Course Features

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Duration

4 hours

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Delivery Method

Online

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Available on

Limited Access

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Accessibility

Mobile, Desktop, Laptop

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Language

English

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Subtitles

English

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Level

Advanced

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Teaching Type

Self Paced

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Video Content

4 hours

Course Description

Do you want to take control of your business’ finances? Xero accounting software is popular worldwide as it offers small to medium companies reliable bookkeeping and financial planning capabilities. It is hosted in the cloud and simplifies the process of managing payroll and meeting your fiduciary responsibilities to stakeholders. This course is designed primarily for students with no prior expertise in accounting and offers training broken down into manageable segments. We cover the fundamental aspects of Xero and explain how to use the software to perform a wide range of accounting activities, including adjusting the nominal ledger, completing a VAT return, reconciling the bank and more. After completing this training and receiving the relevant certification, you will be able to use the business accounting features of Xero like a true professional, either as a financial accountant, bookkeeping assistant, business administrator or even an accounts assistant. We offer the most in-demand accounting skills taught by people at the top of their fields. Sign up to learn how to use Xero’s cloud-based accounting software and its many features to handle your finances and simplify bookkeeping.

Course Overview

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Instructor-Moderated Discussions

Skills You Will Gain

What You Will Learn

Describe how to add, import and creating invoices

Describe how to fill out VAT and CIS returns

Discuss Xero’s ability to handle depreciation, report management and budgeting 

Discuss how to set up payroll and monthly wages and post the monthly journal

Explain how to prepare the cash flow, add payment services and how bank rules work in Xero

Explain how to register and set up the account on the Xero platform

Explain how to use Xero to manage financial transactions, receipts and accounts reconciliation

Identify the available Xero features that let you correct an error

Lay out the steps for setting up customers and suppliers

Outline how to add a ‘bank’ and ‘petty cash’ account

Outline the procedure for adding multiple currencies

Summarise how to manage accrual, prepayments and deferred income in Xero

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