Xero Basics for Business

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.

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.

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 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.

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.

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.

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