Basic Accounting Using Xero
Course Description
Basic Accounting using Xero is a two-day workshop which aim to provide an overview of the accounting knowledge and essentials to assist the managers, executives and founders in their daily activities.
Course Objectives
You will take some hands-on demonstration to do the following: bookkeeping, invoice management, expense management and reading financial statements using Xero and how they interact in business decision-making. End of the day, you will know how to use Xero to perform basic accounting to aid decision making.
Course Content
Topic 1: Basics of Accounting
- Basics of Accounting
- What is accounting?
- Bookkeeping Financial accounting
Topic 2: 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
Topic 3: Managerial Accounting
- Product costing
- Break even
- Budgets
- Real life examples of managerial accounting
Topic 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
Topic 5: Set Up a bank account
- Create a bank account + bank feed setup
- Import data into the bank account
Topic 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
Topic 7: Expenses
- Purchase Order / Bill
- Claim Expense
Topic 8: Tax
- Setting up the tax
- View the tax report
Topic 9: Reports
- All Reports
- Popular Reports
- Running Reports
Topic 10: Other Tasks
- Manager Users
- Connected Apps
- Help & Resourc