Accounting. We’ll help you take care of your finances.

This one-day Xero course is ideal for first-time Xero users who aspire to run a small to medium sized business on the cloud.

You will learn how to set up a Xero file and use all aspects of Xero, saving you valuable time and freeing you up to grow your business. We will teach you how to automate your files so that 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

• Setting up a Xero file
• Importing data into 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 overview

• 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) demonstration

• Generate BAS
• Cross check GST Allocation

Tips and tricks

Intended audience

This course is intended for first time users of Xero Accounting software who wish to manage the operations of small to medium-sized business. Those transitioning from other accounting software platforms to Xero will also find this course beneficial. 

Prerequisites

None

Delivery modes

• Face-to-face, presenter-taught training using your own device
• Online training via the platform Zoom

Delivery style

Face-to-face classes

These classes run in a classroom and you need to bring your own device (Windows or Mac). You should ensure it is fully charged as access to power is limited. Please note that the University does not carry any responsibility for your lost, stolen, or damaged devices whilst on the University premises. 

You will be provided with a temporary Xero account for use during the course.

Online classes

You will need your own device (Windows or Mac) with internet access. You will be provided with a temporary Xero account for use during the course.

Materials

At the start of the course, you will be guided on how to set up a Trial Xero Subscription. We will then import data to customise the file, so that we have real-life data to work with.

Additional information

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