Xero Basics for Business

Learn to set up a Xero trial company, access the demo company, edit organization settings, invite users, and add chart of account codes.

Set up a Xero trial by clicking the green free trial button, completing required fields, and activating via the email. Then create a fictitious organization and explore the demo dashboard.

Set up your Xero organization details, upload an invoice logo, and configure user access levels from standard to read-only for efficient collaboration.

Learn to set up the chart of accounts in Xero, add new codes for assets, revenue, expenses, equity, and liabilities, and configure fixed asset and depreciation accounts with GST considerations.

Learn to create invoices, issue credit notes, and send statements. Master the essential steps for managing these billing documents.

learn how to manage sales invoices in Xero, create and approve invoices, convert them to pdf, email them to clients, and edit with additional items in the classic layout.

Learn how to create and allocate credit notes in Xero, including full or partial allocations, tax-inclusive matching, drafting or approving, and linking credits to invoices.

learn how to generate and send customer statements in Xero, using activity and outstanding statements, review balances, invoices, credit notes, and payments, and email statements to contacts.

Learn how to enter bills, create repeating bills, and add credit notes in Xero basics for business.

Learn to enter bills in Xero by adding a contact, due date, description, and attachments, then save as draft or submit for approval, and create bills by email.

Set up repeating bills in Xero by choosing monthly or weekly frequency, due dates, and attachments; manage templates by saving as draft or approving, editing, or deleting.

Learn to create credit notes for bills and invoices using two methods, allocate credits to the original invoice (tax inclusive), approve them, and see the updated total due.

Set up a bank account in Xero, connect automatic bank feeds, and reconcile statements, then learn to manually import bank statements using the bank statement CSV file in resources.

Learn to set up a new bank account in xero, choose a bank bnz or asb, name and type the account, and upload the bank feed form to enable feeds.

Import a bank statement from a sample CSV into the flexi account, assign sections as payee and description, and wait for bank feeds to start to avoid duplicates.

Explore updates to the bank reconciliation screen in Xero, including larger boxes, a new slider, and a compact view option, with all other features unchanged.

Learn to reconcile bank transactions in Xero by matching invoices and handling manual entries. Use bankrules to auto-code non-invoice purchases, and practice splitting lines and verifying totals.

Learn how to reconcile invoices in Xero by matching transactions, using find and match to locate invoices, allocate bank deposits, and split partial payments to ensure exact amounts.

Learn to reconcile bills against invoices by matching names and amounts, using find and match, applying a minor adjustment for small differences, and posting green matches to the balance sheet.

Learn how to set up your Xero GST settings and prepare and file your GST return, with notes on VAT naming in other countries.

Set up GST settings in the accounting tab, enter your GST number, and choose the filing frequency; ensure the accounting basis matches IRD. Then review the GST returns draft.

Learn how to adjust GST settings and file returns in Xero, reconcile transactions, review the GST audit report, correct coding, save the final return, and file with IRD.

Learn to set up fixed assets settings, register new fixed assets, and run depreciation, and observe how depreciation appears in your reports.

Navigate to fixed assets from the accounting tab, set the start date on the settings page (usually April 1), then add new fixed assets for your financial year.

Manage fixed assets in xero from draft to registered assets, code purchases, assign asset types to plant and equipment, and set diminishing value depreciation at 10% with a start date.

Run depreciation for the chosen period, register new assets if needed, and view how depreciation reduces the asset's book value and appears in the profit and loss report.

Explore the essential Xero reports for business: aged receivables and payables, cash summary, and the profit and loss and balance sheet, to monitor finances.

Explore the reporting page with a searchable, compact view, left side layout, and favorites; access budget reports under financial performance and balance sheet and profit and loss under financial statements.

Learn to access aged receivables reports in Xero basics, compare summary and detailed views, and customize date ranges, gst column, and region, then export or save reports.

Explore the aged payables reports in purchases, review the payables summary and detail views, track current and overdue amounts, credit notes, overpayments, and the outstanding GST column.

Master the cash summary report in the financial section to track cash movements for a chosen period, include GST, and review year-to-date, average, and variance.

Access the profit and loss report in the financial section, customize date ranges, view year-to-date comparisons, switch between accrual and cash bases, and export or save templates.

Review the balance sheet's assets, liabilities, and equity. Inspect bank accounts, fixed assets with depreciation, current liabilities like accounts payable and GST payable, and retained earnings.

Master the Xero basics for business by confidently using all course sections. Explore more about Xero and apps by viewing my courses and liking my Facebook page for updates.