Xero Online Bookkeeping Software

Learn how to use Xero, the leading online accounting software to perform several essential bookkeeping tasks.
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  • Lectures 36
  • Length 3 hours
  • Skill Level All Levels
  • Languages English
  • Includes Lifetime access
    30 day money back guarantee!
    Available on iOS and Android
    Certificate of Completion
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About This Course

Published 9/2014 English

Course Description

Xero Online Computerised Accounts course is about how to use Xero based on the most popular functions which you as a Xero operator needs to know how to use, in order to be proficient in using the software.

The learning is structured in a practical way. You are given a practical scenario assignment. There are various tasks to complete. You are given the task to do and have a go at, and then the video answer is available. It is suggested that you:

  1. Read the task
  2. Watch the video
  3. Have a go at it yourself on your own system
  4. Rewatch the video (if necessary) - to reinforce the learning

You’ll learn how to set up the Xero system from scratch, how to enter opening balances, post customer invoices and credit notes, post supplier bills and credit notes, pay suppliers, petty cash, prepare a VAT return, reconcile the bank, post journals, run reports amongst over things.

This is a useful course if:

  • You are thinking of working with the software,
  • You are going for jobs which have a requirement for you to be able to use this software
  • You want to put this skill on your CV, or
  • You are a bookkeeper or accountant and will be using this for clients or even
  • You run your own business and want to know how to use Xero for yourself.

You will be given free access to Xero for 28 days - (allow 24 hours for the trial to be activated). Preferably, the course needs to be completed within the 28 day trial window (so that the software still works, as you have a go at the assigned tasks)..

The course materials includes the handout of the assignment task.

Successful completion of the course is the equivalent to being at the level of having a level 2 certificate in computerised accounts.

The course will take about 3-4 hours to complete.

What are the requirements?

  • You'll need access to Xero in order to complete the assignment
  • You'll get access to Xero for 28 days - for free, so preferably once the software trial is activated, you need to complete the assignment within that 21 day time frame
  • In lecture 1 - we show you where to download the software.

What am I going to get from this course?

  • By the end of the course you will be able to complete various common functions using Xero software
  • In this course, you will learn how to:
  • Enter the opening balances
  • Amend the nominal ledger
  • Add new customer and supplier details
  • Post customer invoices and credit notes to the sales ledger
  • Post supplier invoices and credit notes to the purchase ledger
  • Enter the supplier cheques and record the customer receipts
  • Post Petty Cash transactions
  • Prepare the VAT return
  • Reconcile the bank
  • Post the wages journal
  • Post adjustments to the accounts and produce month-end reports

Who is the target audience?

  • Bookkeepers and Accountants who will be using this for their clients
  • Students who are going for jobs where the requirement is working knowledge of Xero
  • Those who have studied accounting, but want practical knowledge of how to use a popular accounting software which will help them find employment
  • Previous knowledge of accounting is not presumed or required

What you get with this course?

Not for you? No problem.
30 day money back guarantee.

Forever yours.
Lifetime access.

Learn on the go.
Desktop, iOS and Android.

Get rewarded.
Certificate of completion.


Section 1: Getting Prepared - Access the software and course materials
14 pages

Print off the course material. Read through each task. Watch the video on how to complete the task, and then have a go at it yourself on the software.

Section 2: Setting Up The System

Setting up the Xero system.


Setting up a new company on the system.


Enter the opening balances.


Creating initial trial balance.


Reverse opening accruals and prepayments.


Report the journals entered.

Section 3: Nominal Ledger

Amend the nominal ledger.

Section 4: Customers

Add new customers onto the system.


Report on customer information.

Section 5: Suppliers

Add new suppliers onto the system.

Section 6: Sales Ledger

Post customer invoices.


Enter customer credit notes.


Create aged debtors reports.

Section 7: Purchases Ledger

Create and enter supplier invoices.


Enter supplier credit notes.

Section 8: Sundry Payments

Enter supplier cheques.


Create supplier payments report.

Section 9: Sundry Receipts

Add receipts (monies in) from customers.


Report on the customer receipts.

Section 10: Petty Cash

Post petty cash transactions.


Report on the payments in petty cash.


Enter cash payments.


Enter sundry payments.

Section 11: VAT - Value Added Tax

Run and complete a VAT Return.

Section 12: Bank Reconciliation

Reconcile the bank account.


Bank account transactions.


Reconciling the bank - part 3.


Deal with uncleared / unreconciled bank items.

Section 13: Payroll / Wages

Create and post the wages journal.

Section 14: Reports

Post journals.


Produce a profit and loss account.


Create the Balance Sheet report.


Run of the trial balance report.


Correction of errors on the system.

Section 15: Concluding lecture
1 page

Where to go to continue your learning.

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Instructor Biography

Lisa Newton, Entrepreneur & Serial Author

Lisa Newton BA MSc FMAAT has a masters degree in Investment Management and a first class honours degree in Accounting with Marketing. She formed her first company in 2004 with £150 in the same month of graduating from City University, London UK. Lisa has never had a full time 9 to 5 job in her life. She's a serial entrepreneur and author who holds directorships in various industries including telecoms, software, hair & beauty as well as finance. She has won various awards in Business including: Young Entrepreneur of the Year Award 2007 and in 2008 Enterprising Business Award and has been nominated and shortlisted in numerous others. In 2011 and in 2012 one of her companies won Best Accounting Franchisor Award.

Lisa's books include: How to write a book in two weeks, Constant Cashflow, Make the most of your money, How to start your own bookkeeping business, Cosmic ordering with Vision Boards and Quickbooks Online The Handbook. Some of the books are in audio-format on itunes and audible.

Lisa supports the charity The MS Society. A speaker, coach, consultant and an avid networker, Lisa enjoys meeting people and working on projects with like-minded individuals.

In her spare time, Lisa likes traveling, dancing salsa, writing books, learning languages, meditation and cosmic ordering.

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