
Navigate the setup to enter company details, tax info, currencies, and invoice preferences. Configure users, tax rates, and chart of accounts, then import balances for accurate reconciliations.
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.
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.
The leader in Cloud Accounting, Xero has simplified bookkeeping for small business while providing advanced tools for large companies. This course teaches every aspect of bookkeeping, from getting set up to reporting.
This course covers a variety of topics including
By the end of the course you will be able to manage your books in Xero with ease.