Xero Accounting Training

Module 1. Basics Of Accounting

What is accounting?

Bookkeeping

Financial accounting

Module 2. Financial Accounting

Financial accounting

Overview of the balance sheet

Balance sheet example

Limitations of the balance sheet

Differences between the balance sheet and income statement

Overview of the income statement

Income statement example

Overview of the cash flow statement

Cash flow example

Summary of financial reporting

Module 3. Managerial Accounting

Product costing

Break even

Budgets

Real life examples of managerial accounting

Module 4. Xero Account Setup

Sign Up Xero Online

Xero Online Plan

Xero Online Dashboard

Chart of Accounts Setup

Company Setup

Setting: Organization

Setting: Charts of Account

Setting: Others

Module 5. Set Up A Bank Account

Create a bank account + bank feed setup

Import data into the bank account

Module 6. Issue An Invoice

Directly Issue an invoice

Issue a quotation

Convert the quotation into invoice

Enable online payment to the invoice

Add credit note to write off bad debt

Overview on invoice management

Module 7. Expenses

Purchase Order / Bill

Claim Expense

Module 8. Tax

Setting up the tax

View the tax report

Module 9 – Reports 

All Reports

Popular Reports

Running Reports

 Other Tasks 

Manager Users

Connected Apps

Help & Resources

 Level: Intermediate (1-day, 9:30-5:30)

How To Set Up And Manage A Chart Of Accounts In Xero

Adding General Ledger Accounts

Importing Charts of Accounts

How To Bring In Account Balances When Converting To Xero

Setting the Conversion Date

Bank Accounts Conversion Balances

Accounts Receivable Conversion Balance

Accounts Payable Conversion Balance

Other Accounts Conversion Balances

Comparative Balances

 How To Set Up And Use Tracking Categories

Creating, Managing and Using Tracking Categories

How To Manage Expense Claims

Submitting a Claim

Approving and Paying Claims

How To Use Products And Services (Inventory) In Xero

Adding Services

Adding Untracked Products

Adding Tracked Products

Importing Products and Services

Importing Inventory Opening Balances

Inventory Adjustments

How To Process Manual Journals

Posting Journals

Auto-Reversing Journals

Repeating Journals

Importing Journals

How To Set Up And Manage A Fixed Asset Register In Xero

Adding Assets Owned Before Xero Conversion Date

Running Depreciation

Adding Assets from Bank Transactions

Adding Assets from Spend Money Transactions

Fixed Assets Reports

 Budget Manager

Create/Import Budgets

Edit/Delete Budgets

Prepare cashflow forecast

Budget Summary Report

Budget Variance Reports

Export Budgets

 End-Of-Period Closing

Month-End Closing entry

Year-End Closing Entry

Advanced Xero Functions

Inventory Adjustments

Setting up Multiple Currency and handling Transaction

Case Study and Exercises