Xero Accounting Course

Xero. Have an easier business life with Xero accounting software.

COVID-19 update: arrangement of our courses

We are now delivering courses both online and in-person. Please check the delivery format for each class before you enrol.

Please note that course materials for all classes (excluding prescribed textbooks) are shared electronically within 48 hours of a course starting. Printing is not available.

Build your business on Xero Cloud accounting software. Xero gives you visibility of your cash flow so you can prepare for whatever’s next.

This one-day course is ideal for everyone who aspires to run a small to medium size business well.

During this course, you will learn how use all aspects of Xero and how to save valuable time, freeing you up to grow your business.

We will teach you how to automate your files so Xero does the heavy lifting and you can attend to what is important in your life, other than paperwork and bookkeeping.

Aims

This course aims to empower you and give you the knowledge to run your business accounts efficiently and effectively on Xero Cloud based accounting software.

Outcomes

By the end of this course, you should be able to:

• set up a new company file in Xero
• invite your accountant or other users into Xero
• describe the different user settings in Xero
• import or edit your chart of accounts to suit your specific business
• set your financial settings in Xero to match that of the ATO
• set up your invoice template and learn basic custom settings
• learn how to set up bank feeds in Xero
• describe bank reconciliation
• enter supplier and customer details
• manage your supplier invoices
• invoice clients
• learn features in Xero that will get you paid faster
• set up payroll
• manage employees
• set up and file single touch payroll
• use auto super through Xero to pay staff’s super
• describe how Xero tracks GST
• lodge your BAS directly through Xero
• run a variety of reports.

Content

Set up a Xero file

• Organisational Settings
• Financial Settings
• Chart of Accounts
• Users
• Payroll
• Suppliers
• Clients
• Invoice settings
• Email settings

Navigating around Xero

Bank Reconciliation

• Bank Feeds
• Match
• Payment of Multiple Invoices or Bills
• Split payments
• Bank rules
• Auto Suggest
• Create
• Transfer
• Discuss
• Bank reconciliation report
• Uploading a .csv/QIF bank file
• Manually input bank entries

Creating Sales Invoices

• Creating Sales invoices
• Emailing Sales invoices
• Attach documents to a Sales invoice
• Credit a client
• Apply a discount
• Write off bad debt

Managing supplier purchases

• Creating Bills
• Credit notes
• Paying Bills
• Batch Payments
• Aged Payables

Inventory

• Untracked Inventory
• Tracked Inventory
• Entering Inventory
• Importing an Inventory list
• Creating a sale of Inventory
• Inventory Adjustment/stock take
• Inventory report

Payroll

• Payroll Settings
• Set up a business pay cycle
• Add staff members
• Enter salary information
• Set up leave accruals
• Enter Tax File Declaration details and file to the ATO directly from Xero
• Generating a pay run
• Send pay slips

Business Activity Statement (BAS)

• Generate BAS
• Cross check GST Allocation

Tips and tricks

Intended audience

Designed for anyone wanting to learn how to manage the day-to-day operations of a small to medium-sized business using Xero. This course is ideal for business owners, accountants, bookkeepers, and people who are looking to transition to Xero from other accounting systems.

Prerequisites

None. Prior knowledge of Xero software is not required.

Delivery style

Delivery options

• Presenter-taught training on your own device, on University premises.
• Online training via the platform Zoom.

Face-to-face classes

You are required to bring your own device (Windows or Mac). You will be provided with a temporary Xero account for use during the course.

You should ensure your device is fully charged as access to power is limited. Please note that University does not carry any responsibility for your lost, stolen, or damaged devices whilst on the University premises.

Online classes

If you are attending an online class via Zoom, you will need your own device with internet access. You will be provided with a temporary Xero account for use during the course.

Materials

You will be provided with a link to access and download the following course materials:

• PowerPoint presentation – emailed to you at completion of the course.
• Course manual with detailed images and instructions on the course content.

Additional information

This course will not lead you to become a Xero Certified Advisor and is not endorsed by Xero.