Xero Accounting Complete Course

Explore how to start with Xero by visiting xero.com, review available features, compare the three subscription plans, and create a free trial company, selecting your region for local pricing.

Explore Xero features such as pay bills, claim expenses, connect banks, track projects, send invoices, manage inventory, multi-currency accounting, payroll basics, and data automation.

Compare three subscription plans - starter, standard, and premium - for invoice limits, multi-currency access, and billing capabilities, with region-based pricing in USD, CAD, and GBP and a global default.

Register a free trial company in Xero to access a premium, no-credit-card 30-day trial with unlimited invoices and multi-currency, then verify your email and explore the dashboard features.

Explore the Xero dashboard overview, login screen, and how to input basic information, contact details, default settings, and invoice and email templates within the trial company setup.

Explore invoice settings in Xero, creating and applying branding themes, choosing titles like draft or overdue, and designing custom docs with dot docs format and field codes.

Customize email settings and templates in Xero, including default invoice emails with subjects using invoice numbers and your company name, and adjust purchase orders, terms, and message placeholders.

Navigate Xero’s charts of accounts in accounting settings, create or import accounts, and export or archive them, noting accounts like cost of goods sold, depreciation, accounts receivable, and inventory tracking.

Add a new account in xero by selecting the account type from assets, expenses, liabilities, income, or capital, entering a code and name, and saving with description and tax settings.

Import charts of accounts into Xero using the Excel template; specify mandatory fields (code, name, type, tax code) and optional details; review new, updated, and deleted accounts after import.

Archive and restore accounts in the chart of account using the archive tab. Learn to create, import, add, delete (irreversible), or archive accounts and recover archived ones.

Learn to add and import customers and items in zero, edit customer details, and manage contacts; create or import products and services and activate or deactivate items with visible balances.

Add a new customer by clicking add contact, entering the contact name and basic details, and configuring financial settings such as default account, credit limit, and due date, then save.

Import customers in bulk by downloading a template, fill the required contact name, add multiple customers, browse and upload, ignore empty fields, then complete the import to view them.

Access and edit customer details by clicking the customer's name, update information in the edit screen, and save changes to return to the previous view.

Navigate to the business section and select services to view your inventory details, then learn how to include products and services in this section.

Create a new item by entering the item code, unit price, tax rate, and sales account, indicating if it is a service or inventory item, and save.

Learn to import items in bulk into Xero using the inventory item template, upload an Excel file, and complete the import to add items like trousers.

Learn to edit an item in your inventory, set and save a sales price, view item details, and see the updated sale price reflected in inventory.

Learn how to manage items in Xero by marking multiple items as inactive or deleting them, preventing their use in invoices, and reactivating items when needed.

Learn to create a purchase order in Europe by clicking the plus icon, entering supplier contact, items, quantity, unit price, currency, delivery date, and approving it.

Learn how to create a new bill in Xero by entering supplier, date, due date, currency, and line items, then approve and view bills to pay with status tabs.

Find and open the bill in the relevant section, edit unit price and tax rate (tax exempt), then update. Confirm the updated bill appears under bills to pay.

Record a payment against a bill in Xero by selecting bill, entering amount and date, choosing the payment account, adding a reference, and confirming to move the bill to paid.

Navigate to the business section in Xero, then select goods to view all quotes and their statuses: draft, sent, accepted, or rejected, using the tab headings.

Create a new quote by tapping the plus icon, select a customer, set date and expiry, auto quote number, add items like a large black t-shirt, and email or save.

Navigate to the invoices tab in Xero to view all invoices and switch between tabs like draft, awaiting approval, awaiting payment, paid, and repeating invoices.

Create a new invoice in zero by entering the customer, date, due date, invoice number, branding, currency, items with prices, tax status, and finally approve to save.

Learn how to locate a specific invoice, edit details on the invoice recording screen, update values like unit price, and save the updated invoice in the business invoices register.

Email an invoice by selecting it, using the template from company settings, and customizing the subject, message, and attachments before sending, with an option to copy the email to yourself.

Learn to receive a payment against an invoice by selecting the invoice in the invoices section, entering amount and date, choosing bank or cash, and confirming the invoice status as paid.

Learn how to view and manage bank accounts in Xero, including account name, number, statement balance, bank feeds, and how to reconcile transactions.

Add a new bank account in zero by selecting add bank account, finding your bank, connecting with login details, and entering account name, number, currency to update bank feed automatically.

Import a bank statement in zero via the manager's reconciled section, fill the template with date and amount using negative signs for spend and positive signs for receive, then import.

Learn to reconcile bank statements in Xero by matching transactions, creating unmatched entries with contacts and accounts, handling transfers, adding notes, and generating reconciliation reports for accurate balances.