Using Xero for your bookkeeping needs do beautiful business

Navigate Xero's chart of accounts to organize assets, liabilities, equity, income, and expenses, and learn how to create and code accounts with tax settings for accurate reports.

Learn the five account types: assets, liabilities, equity, income, and expenses, and how to classify and monitor current and long-term items, revenue streams, and expenses in your books using Xero.

Refresh your bank feed from the dashboard to view transactions and last download date, then use manage to update feed logon or perform manual imports if data exceeds three months.

Reconcile bank transactions in Xero by comparing statements to your Xero entries, using two-column views to match automatic and manual records, and create or transfer transactions; use notes for collaboration.

Use cash coding to quickly process imported bank statements, fill in missing details, reconcile selected transactions, and monitor for overlaps or duplicates across account transactions.

Manage transaction status and correct mistakes in Xero by creating new transactions and reconciling bank statements. Use remove and redo to refill entries and ensure accurate records.

Enter a sale by creating an invoice in Xero, fill client details, items, quantity, price, and revenue, then approve, customize invoice settings, and send or save.

Explore how to manage sales in Xero by creating invoices, quotes, repeating invoices, and credit notes from templates, tracking statements, payments, and client balances with reports.

Navigate the purchase tab to track purchases, manage bills and purchase orders for approval, process payments (including overdue), repeats, credits, and vendor details.

Learn how expense claims capture personal payments made on behalf of the company, including receipts for travel and office supplies, and how to submit, approve, and reimburse them in Xero.

Enter receipt details in the Xero expense template, include vendor, date, quantity and total price, upload receipts, and save or submit the total expense claim for approval.

Define fixed assets and their role in operations, with examples like land and equipment, and state that assets in use for over a year qualify as fixed assets.

Learn to manage fixed assets in Xero by setting up asset types, selecting a start date at purchase, and recording new assets to track depreciation within the chart of accounts.

Locate fixed assets in Xero, run depreciation on the assets page, and select dates monthly, quarterly, or annually by your business size; approve to generate journal entries.

Discover how the reports in Xero give a complete view of your finances, showing revenue, balance sheet, and income statement, plus accounts payable, receivables, and tax through the fiscal year.

Use the sales tax report in Xero, adjust the date, and update to view amounts by period; subtract purchases from sales to determine owing or refunds.

Learn to view accounts payable and accounts receivable in Xero, use age payables and age receivables charts, and access all reports from the reports tab.

Assign an adviser with advisor status, typically a bookkeeper or accountant, to access all options in your Xero account; with a partner or business plan, approve invoices and bills.

Create manual and repeating journal entries for year-end, month-end adjustments, and transfers. Use report codes to adjust the chart of accounts and generate reconciliation and management reports.

Learn to manage contacts in Xero, including vendors, customers, and clients, via the contacts tab. Add, import, and export contact data with personal and financial details.