Xero Accounting & Bookkeeping Course

Add customer contacts by entering company and contact details, including name, account number, email, phone, Skype, website, and full address, plus financial settings like credit limit and due dates.

Learn to add supplier contacts in Xero by entering supplier details, saving records, and viewing the supplier list, with the next section covering identifying inventory items.

Add and configure inventory items in Xero by entering item code, name, cost (excluding VAT), selling price, and accounts, including the inventory asset and cost of goods sold.

Add inventory items by entering cost and selling prices, assign a sales account, then create supplier orders and invoices, and finally verify prices before proceeding to customers.

Create a supplier purchase order by selecting the supplier, item, and quantity with price before vat. Attach the supplier quote and link the order to the supplier invoice when received.

Edit supplier purchase orders for Dell Computers, HP, and MacBook, set delivery dates and totals, approve each PO, view all orders, and prepare to enter the supply bill.

Learn to add supplier bills and invoices, link purchase orders, approve bills, and manage bills to pay, including credit notes and supplier references, while noting pay timing after customer payments.

Manage a live dashboard and record customer transactions to track awaiting payments. Create and send quotes, then link costs to invoices to streamline accounting and cash flow.

Create and send four customer quotes for products, track quotes by customer and brand Dell and HP with quantities, and prepare to add quotes to invoices in the next section.

Select accepted quotes, convert them to invoices, and finalize drafts into customer invoices with due dates and references.

Apply practical invoicing in Xero by copying customers, approving, setting due dates, and moving invoices through quotes and accepted stages, while tracking reminders, outstanding balances, and customer statements.

Access and explore key Xero reports, including the VAT report, balance sheet, profit and loss, and cash flow, plus payables aging and payable invoice details.

Record expenses by creating supplies and bills for advertising, consulting, and a motor vehicle. Track fixed assets, depreciation, and balance sheet effects.

Import a fictitious bank statement into Xero by creating a bank account, selecting a bank, uploading a csv file, and handling duplicates before reconciling receipts and payments.

Learn bank reconciliation in Xero by matching received payments to transactions, confirming matches, handling unknown suppliers, making minor adjustments, and recording owner capital as equity.

Learn to view the bank reconciliation report, compare balances, and print or export bank statement data within the Xero accounting workflow.

Review and interpret balance sheet and cash flow statements to understand current assets and liabilities, equity, and net cash movement, including profit and loss and operating activities.

Learn how Xero analytics project future cash flow, using bank selection and 7 or 30 day periods, to view projected balances, profitability, and journal report.

Explains how depreciation reflects asset value loss over time and is treated as a non-cash expense. Demonstrates recording depreciation using the straight-line method with a monthly example.

Charge depreciation to the income statement via a journal entry for the motor vehicle using the straight-line method, a non-cash item, and review the impact on the balance sheet.