Xero Accounting Software

Navigate the vendor, expense, and payments cycle in Xero to understand balance sheet and income statement impacts, bill and spend money forms, and supplier management.

Learn how to manage bills to pay and suppliers in Xero, from entering bills and accounts payable to paying bills, tracking due dates, purchase orders, and payable detail reports.

Explore how to enter a bill in Xero, increasing accounts payable and an expense account on an accrual basis, then pay the bill using a check or electronic transfer.

Learn how to pay bills in Xero using the payment form. Understand how to manage bills and accounts payable, and update the balance sheet and income statement through accrual processes.

Learn how purchase orders link to bills in Xero to record inventory and accounts payable, affecting the balance sheet and income statement, with perpetual and periodic inventory notes.

Learn how to process a bill tied to a purchase order in Xero, record inventory and accounts payable, and review related balance sheet, income statement, and inventory reports.

Explore how inventory adjustments work in Xero, compare perpetual and periodic inventory systems, and practice updating the balance sheet and the income statement after a physical count and shrinkage corrections.

Learn how to use the Xero check form and spend money form to pay vendors, record expenses, and update the balance sheet and income statement in real time.

Explore the revenue cycle in Xero, from invoices and deposits to accounts receivable, balance sheet and income statement, and understand cash vs accrual, inventory, and bank feeds.

Explore how Xero's invoice centre and customer information module streamline receivables, balance sheet and income statement views, detailing cash and accrual workflows, invoices, payments, deposits, and aging receivables.

Learn how to create and manage an invoice in Xero, detailing items, accounts receivable, sales and sales tax, and the impact on inventory, cost of goods sold, and financial statements.

Learn to receive payment on invoices in Xero and manage accounts receivable within the revenue cycle. Use a clearing account to simplify deposits and reconcile bank feeds.

Learn how to record deposits and receive money in Xero using invoices and payments, manage accounts receivable, and reconcile deposits with bank statements using a clearing account and bank feeds.

Learn cash-basis sales in Xero with the receive money form. Record cash receipts, use a clearing account, and reconcile with bank feeds for service items, inventory, and sales tax payable.

Learn to record a barter sale in Xero using an accrual approach with a clearing account, tracking accounts receivable and payable, and netting cash flows to zero.

Explore how to create quotes and estimates in Xero, convert them to invoices, and manage accrual revenue, inventory, and job costs within a client revenue cycle.

Explore Xero payroll overview, options to enable payroll as an add-on or via third parties, with focus on setup, withholdings, reporting, and choosing between Gusto, ADP, and Paychex.

explore setting up the chart of accounts in Xero, categorize accounts by type (assets, liabilities, equity, income, expenses), and align codes to support balance sheet and income statements.

Explore how Xero manages products and services, inventory tracking, and item setup to generate balance sheets and income statements from streamlined invoices and bills.

Explore how Xero organizes financial reporting, focusing on balance sheet and income statement, reports center, favorites, and subledger related reports like payables and receivables, plus cash flow and budgeting tools.

Understand the balance sheet in Xero, showing assets, liabilities, and equity as of a date, and how current, fixed, and long-term assets and liabilities relate to the income statement.

Master Xero report formatting basics for balance sheets and income statements, including date ranges, end dates, custom dates, comparatives, filters, accrual vs cash, and export options.

Learn to create a custom comparative balance sheet in Xero by using edit layout tools, adding formula columns, and calculating differences and percentage changes.

Learn to create vertical analysis on the balance sheet in Xero, using percent of assets and percent of liabilities and equity for benchmarking.

Organize Xero reports by printing and saving as pdf, exporting to Excel or Google Sheets, and building balance sheet and income statement reports with horizontal and vertical analyses for clients.

Export the balance sheet from Xero to Excel, create custom and comparative balance sheets, add vertical analysis, and compile multiple reports into a single PDF for client delivery.

Explore how the profit and loss statement works, including revenue, expenses, cost of goods sold, gross profit, operating expenses, and net income, within the balance sheet context.

Learn to build a comparative income statement in Xero, using custom date ranges, two-period and month-by-month comparisons, and formulas for difference and percent change, while saving custom reports.

Learn how to build a vertical analysis of the income statement in Xero, by adding a percent of income column, comparing expenses to revenue, and creating multi-period reports.

Learn to print, save as PDF, and organize profit and loss or income statement reports in Xero, including custom reports, date ranges, quarterly views, and export options.

Export Xero profit and loss (income statement) and balance sheet reports to Excel, customize and save them as custom reports, then print a single PDF for clients.

Explore the statement of cash flows in Xero, compare direct and indirect methods, and learn how operating, investing, and financing activities connect the balance sheet and income statement.

Explore how to use Xero to view accounts receivable aging reports, including summary and detail, by 1–30, 31–60, 61–90 day bands, linking invoices and customers to the balance sheet.

Explore Xero accounting software to generate accounts payable aging reports. Understand how accrual versus cash-based methods affect balance sheets and aging brackets 30/60/90.

Explore how to generate the 1099 report in Xero, identify vendors and contractors, and set up 1099 groups to meet IRS reporting rules.

Explore Xero's sales by customer and sales by item reports, set date ranges, apply filters, and understand how subledgers affect income statements and balance sheet accuracy.

Learn to manage inventory in Xero using perpetual tracking. Explore inventory items, details, and summaries, and reconcile counts with the balance sheet, income statement, subledgers, and cost of goods sold.

Explore Xero's payroll and employee reports, including payroll items and tax withholdings, powered by gusto, and see how they feed the balance sheet and income statement.

Explore how Xero reconciliation reports bolster internal controls by matching cash and bank transactions, linking bank statements to books, and validating balance sheet accuracy.

Explore transaction reports in Xero, duplicate tabs to place the balance sheet and income statement, and analyze detailed account transactions, debits and credits, with configurable date ranges and filters.

Explore the trial balance report in Xero, compare it with the balance sheet and income statement, and verify transactions using debits, credits, and account types.

Explore budget and financial performance reports in Xero, including budget manager, budget summary, and variance analysis, plus short-term cash flow and ratio analysis to guide future projections.

Learn to generate accounts receivable graphs from Xero reports by exporting data to Excel, then create pie and bar charts to visualize customer and item breakdowns.

Explore how to generate accounts payable graphs in Xero, duplicate tabs, adjust date ranges, and export AP data to Excel to create pie and bar charts for external reporting.

Learn to create sales by customer and item graphs in xero, export data to excel, and build pie charts that visualize revenue by customer and item.

Explore how to access Xero accounting software for a comprehensive practice problem. Compare the free 30-day trial and the demo company for starting new files or leveraging existing data.

begin a 30-day free trial of Xero, set up a new organization with inventory and service items, and review the industry-based chart of accounts for United States.

Navigate Xero for data input and analysis, using the plus button to create invoices, bills, contacts, and quotes, while reviewing balance sheet and income statement across tabs.