Xero Accounting for Beginners
Bank feeds, invoicing, bills and reports in Xero.
Taught by Manisha Bhattarai · ACCA, Finance Manager
What you'll learn
- Set up a Xero organisation with correct financial year, tax basis, chart of accounts and conversion balances
- Connect bank feeds and reconcile every statement line using match, create, transfer and bank rules
- Create quotes, invoices, repeating invoices and credit notes, and record customer payments accurately
- Enter bills, capture receipts with Hubdoc and pay suppliers through batch payments
- Maintain a fixed asset register, run monthly depreciation and post manual journals for accruals
- Run and read the core Xero reports and use lock dates, user roles and adviser tools to protect the file
About this course
A hands-on Xero tutorial for small-business owners, administrators and trainee bookkeepers in Australia, New Zealand, the United Kingdom and anywhere else Xero is used. You will set up an organisation with the right financial settings and chart of accounts, connect bank feeds and reconcile line by line with rules, raise quotes and invoices and record payments, enter bills and pay suppliers in batches, keep a fixed asset register with automatic depreciation, post manual journals, and read the Profit and Loss, Balance Sheet and aged reports that your accountant will ask about. The final lesson covers the adviser workflows, lock dates and user roles that keep a file safe once it is clean. No prior accounting software experience is needed; a Xero trial or the demo company is enough to follow along. Independent training material, not affiliated with or endorsed by Xero Limited.
Course content
6 lessons- 1Setting Up Your Xero OrganisationFinancial settings, chart of accounts and conversion balances: the decisions to make before the first transaction.Preview
- 2Bank Feeds and ReconciliationConnect the bank, then match, create or transfer each statement line and let bank rules handle the repeats.
- 3Sales: Contacts, Quotes, Invoices and PaymentsMove from quote to invoice to payment, use repeating invoices for retainers, and handle credit notes and overpayments.
- 4Purchases: Bills, Hubdoc and Batch PaymentsEnter what you owe, capture receipts automatically, and pay suppliers in one batch that reconciles cleanly.
- 5Fixed Assets and Manual JournalsRegister assets from bills, run depreciation each month, and post manual journals for accruals and corrections.
- 6Reports, Adviser Tools and Month-EndRead the core reports, protect finished periods with lock dates and roles, and work smoothly with your accountant.