Udemy

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English

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Category

QuickBooks Online vs Xero Accounting Software 2020

Compare leading online software packages with a practicing Certified Public Accountant (CPA)

4.50 (24 reviews)

QuickBooks Online vs Xero Accounting Software 2020

4430

Students

64 hours

Content

Feb 2020

Last Update
$94.99
Regular Price


What you will learn

Set up QuickBooks Online & Xero accounting software

Navigate QuickBooks Online & Xero accounting software

Enter normal business transaction into accounting software

Reconcile bank accounts using accounting software

Generate and analyze reports including a balance sheet, an income statement, and supporting reports

Export Reports to Excel


Description

This course will compare two leading online accounting software applications, QuickBooks Online and Xero, in a step by step format.

This is a comprehensive accounting course.

We will discuss the purchasing options and the best tools to learn these accounting software packages at the lowest cost.

Learners will understand how to set up a new company file in each software package.

The course will demonstrate how to navigate each software package and how to generate, analyze, and customize common financial reports.

We will learn how to create inventory and service items and how they are used to create invoices, purchase orders, and sales receipts.

The course will show how to enter two months of data in a step by step process, comparing the two accounting software packages at every level along the way.

The course will demonstrate how to complete bank reconciliations and enter adjusting and reversing entries.

We will also learn how bank feeds work. Bank feeds are the ability to connect directly to the bank and download financial information into the accounting software.

The course will provide practice data to learn how bank feeds work. Learners will also understand how to make bank rules to automate the bookkeeping process further.



Content

Getting Started - Getting Setup

QuickBooks .05 Recommendations For Success

QuickBooks .10 Purchase With 30 Day Trial

.10 Xero Free 30-Day Tral

QuickBooks .12 Bank Feeds

Xero .12 Bank Feeds Overview

QuickBooks 1.05 Navigation Overview

Xero 1.05 Navigation Overview

Customer Cycle , Cycle, or Accounts Receivable Cycle

QuickBooks 1.15 Customers Section Flow

Xero 1.15 Customers Section Flow

QuickBooks 1.16 Customers Section Invoice

Xero 1.16 Customer Section Invoice

QuickBooks 1.17 Customers Section Receive Payment

Xero 1.17 Customers Section Receive Payment

QuickBooks 1.18 Customers Section Deposit

Xero 1.18 Customers Section Deposit from Clearing

QuickBooks 1.19 Customers Section Sales Receipts

Xero 1.19 Customers Section Sales Receipts

Vendor Cycle, Purchases Cycle, or Sales Cycle

QuickBooks 1.20 P1 Vendors Section Flow

QuickBooks 1.20 P2 Vendors Section Bill Form

Xero 1.20 Vendors Section Bill Form

QuickBooks 1.22 Vendors Section Pay Bill Form

Xero 1.22 Vendor Section Payable Payment

QuickBooks 1.23 Vendors Section Purchase Order

Xero 1.23 Vendors Section Purchase Order

QuickBooks 1.24 Vendors Section Check

Xero 1.24 Vendors Section Check

Employee Cycle and Other Core Features

QuickBooks 1.25 Employee Section

Xero 1.25 Employee Section

QuickBooks 1.28 Others Section

Xero 1.28 Others Section

QuickBooks 1.30 Reports

Xero 1.30 Reports

QuickBooks 1.35 Lists

QuickBooks 1.40 Help Options

Xero 1.40 Help Options

QuickBooks 1.45 Print & Export Reports to Excel

Xero 1.45 Print & Export Reports to Excel

QuickBooks 1.50 Backup Options

Xero 1.50 Backup Options

Balance Sheet Reports

QuickBooks Data Files to Download

Xero Data Files to Download

QuickBooks 2.10 Balance Sheet

Xero 2.10 Balance Sheet

QuickBooks 2.15 Balance Sheet Report Options

Xero 2.15 Balance Sheet Report Settings

QuickBooks 2.20 Header Footer Options

Xero 2.20 Balance Sheet Edit Layout

QuickBooks 2.22 Formatting Options

QuickBooks 2.30 Comparative Balance Sheet

Xero 2.30 Comparative Balance Sheet

QuickBooks 2.40 Summary Balance Sheet

Xero 2.40 Summary Balance Sheet

QuickBooks 2.50 Memorize Custom Report Group

Xero 2.50 Memorize Custom Report Group

Profit and Loss or Income Statement Reports

QuickBooks Data Files to Download

Xero Data Files to Download

QuickBooks 3.10 Profit and Loss

Xero 3.10 Income Statement

QuickBooks 3.15 Income Statement Custom & Memorize

Xero 3.20 Comparative Income Statement

QuickBooks 3.20 Comparative Profit & Loss

QuickBooks 3.25 Vertical Analysis Profit & Loss

Xero 3.25 Vertical Analysis Income Statement

QuickBooks 3.30 % of Expense Profit & Los

Xero 3.30 % of Expense Income Statement

Statement of Cash flows & Other Common Reports

QuickBooks Data Files to Download

Xero Data Files to Download

QuickBooks 4.10 Statement of Cash Flows

Xero 4.10 Statement of Cash Flows

QuickBooks 4.20 Sales By Customer Report

Xero 4.20 Income By Contact Report

QuickBooks 4.25 Sales by Product Or Item Report

QuickBooks 4.30 Accounts Receivable Aging Report

Xero 4.30 Aged Receivables Report

QuickBooks 4.35 Accounts Payable Aging Report

Xero 4.35 Aged Payables Reports

QuickBooks 4.40 Sales Graphs

Xero 4.40 Sales Graphs

Xero 4.45 AR & AP Graphs

Course Project Start - Set Up New Company File, Preferences, & Users

QuickBooks Data Files to Download

Xero Data Files to Download

QuickBooks 6.05 Set up Company Information & Preferences Part 1

Xero 6.01 Set Up Organization Details

Xero 6.02 Users Add & Manage

Xero 6.03 Add Apps, Currencies, & Subscriptions

Xero 6.05 Payment Services, Invoicing, & Features

Xero 6.06 Projects, Files, & Other Settings

QuickBooks 6.07 Set up Company Information & Preferences Part 2

QuickBooks 6.08 Manage Users Custom Form Styles

Set Up Service & Inventory Items & Enter Inventory Beginning Balance

QuickBooks 6.09 Objective

Xero 6.09 Objective

QuickBooks 6.10 Items - Service Set Up Part 1

Xero 6.10 Items - Service Set Up Part 1

QuickBooks 6.11 Items - Service Set Up Part 2

Xero 6.11 Items - Service Set Up Part 2

QuickBooks 6.13 Items – Inventory Set Up Part 1

Xero 6.13 Items – Inventory Set Up Part 1

QuickBooks 6.14 1 Items – Inventory Set Up Part 2

Xero 6.14 Items – Inventory Set Up Part 2

QuickBooks 6.14 Items – Inventory Reports

Xero 6.14 Items – Inventory Set Up Part 3

Add Customers & Vendors - Enter AR and AP Beginning Balances

QuickBooks 6.15 Set Up Customers & Beginning Balances Part 1

Xero 6.15 Set Up Customers & Beginning Balances

QuickBooks 6.16 Set Up Customers & Beginning Balances Part 2

QuickBooks 6.20 Set Up Vendors & Beginning Balances

Xero 6.20 Set Up Vendors & Beginning Balances

Add Accounts & Beginning Balances, Checking, Credit Card, Notes Payable, Equip.

QuickBooks 6.25 Add Bank Account

Xero 6.25 Add Bank Account

QuickBooks 6.26 Add Credit Card Account

Xero 6.26 Add Credit Card

QuickBooks 6.27 Add Notes Payable Account

Xero 6.27 Add Notes Payable

QuickBooks 6.28 Add Equipment Account

Xero 6.28 Add Equipment Account

Adjust Equity, Payroll Options, & Reports

QuickBooks 6.35 Payroll Options

Xero 6.35 Payroll Options

QuickBooks 6.50 Adjust Beginning Account Balances

QuickBooks 6.55 Generate Transaction Detail Report

Xero 6.55 Generate Transaction Detail Report

Deposits from Owner & Loan, Purchase Furniture, Sales Tax Set Up

QuickBooks 7.05 Record Owner & Loan Deposit

Xero 7.05 Record Owner & Loan Deposit

QuickBooks 7.10 Part 1 Record Purchase Furniture

Xero 7.10 1 Record Purchase Furniture

QuickBooks 7.10 Part 2 Short Term Investment

Xero 7.10 2 Record Short-Term Investment

QuickBooks 7.16 Sales Tax Set Up

Xero 7.16 Sales Tax Set Up

Month 1 - Purchase Orders & Invoices

QuickBooks 7.17 Purchase Order Part 1

Xero 7.17 Purchase Order Part 1

QuickBooks 7.18 Purchase Order & Add Inventory Item

Xero 7.18 Purchase Order & Add Inventory Item

QuickBooks 7.20 Create an Invoice with Inventory Part 1

Xero 7.20 Part 1 Create an Invoice with Inventory Part 1

QuickBooks 7.20 Create an Invoice with Inventory Part 2

Xero 7.20 Part 2 Create an Invoice with Inventory

Month 1 - Receive Payments Forms

QuickBooks 7.25 Part 1 Receive Payment

Xero 7.25 Part 1 Receive Payment

QuickBooks 7.25 Part 2 Receive Payment

Xero 7.25 Part 2 Receive Payment

Month 1 - Sales Receipt & Deposit

QuickBooks 7.30 Part 1 Sales Receipt Part 1

Xero 7.30 Part 1 Sales Receipt

QuickBooks 7.30 Part 2 Sales Receipt Service Item

Xero 7.30 Part 2 Sales Receipt Service Item

QuickBooks 7.35 Deposit Records Group Deposits

Xero 7.35 Deposit Records Group Deposits

Month 1 - Receive Inventory & Link Expense Form to Purchase Order

QuickBooks 7.40 Inventory Payment Link to P.O. Part 1

Xero 7.40 1 P.O. Billed & Paid Part 1

QuickBooks 7.40 Inventory Payment Link to P.O. Part 2

Xero 7.40 2 P.O. Billed & Paid Part 2

Month 1 - Create Invoice From Linked Billable Expense & Make Deposit

QuickBooks 7.45 Invoice Created By Billable Expense Part 1

Xero 7.45 Invoice Created From Purchase Order Part 1

QuickBooks 7.46 Create Invoice From Billable Expense Part 2

Xero 7.46 Invoice Created From Purchase Order Part 2

QuickBooks 7.50 Receive Payment & Make Deposit

Xero 7.50 Receive Payment & Make Deposit

Month 1 – Enter Checks & Expenses & Pay Bills

QuickBooks 7.55 Enter Check & Expense Forms

Xero 7.55 Enter Check & Expense Forms

QuickBooks 7.60 Pay Bills

Xero 7.60 Pay Bills

Month 1 – Customer Jobs & Sub Customers, Projects, & Payroll

QuickBooks 7.65 Customer Jobs or Sub Customer

Xero 7.65 Projects

QuickBooks 7.70 Pay Employees Part 1

Xero 7.70 Pay Employees Part 1

QuickBooks 7.71 Pay Employees Part 2

Xero 7.71 Pay Employees Part 2

QuickBooks 7.75 Job or Sub Customer Sales Receipt

Xero 7.75 Sales Receipt Service Item

Month 1 – Reports & Review of Data Input

QuickBooks 7.80 Generate Report Export to Excel

Xero 7.80 Generate Report Export to Excel

Month 2 - Loan Payments & Short Term Investment Sale

QuickBooks 8.02 Consolidate Loans

Xero 8.02 Consolidate Loans

QuickBooks 8.03 Loan Amortization Table

Xero 8.03 Loan Amortization Table

QuickBooks 8.05 Make Loan Payments

Xero 8.05 Make Loan Payments

QuickBooks 8.10 Short Term Investment Deposit

Xero 8.10 Short Term Investment Deposit

Month 2–Purchase Order, Enter Bill for Inventory, Sales Receipt, & Deposit

QuickBooks 8.15 Purchase Order With New Inventory Item

Xero 8.15 Purchase Order With New Inventory Item

QuickBooks 8.20 Receive Inventory Requested With P.O. Enter Bill

Xero 8.20 Receive Inventory Requested With P.O. Enter Bill

QuickBooks 8.25 Sales Receipts & Deposit

Xero 8.25 Sales Receipts & Deposit

Month 2 – Advanced Payments & Apply Credit to Invoice

QuickBooks 8.30 Advanced Payment From Customer

Xero 8.30 Advanced Payment From Customer

QuickBooks 8.35 Apply Credit Or Advanced Payment to Invoice

Xero 8.35 Apply Credit Or Advanced Payment to Invoice

QuickBooks 8.40 Record Sales on Account

Xero 8.40 Record Sales on Account

QuickBooks 8.45 Advance Customer Payment or Deposit

Xero 8.45 Advance Customer Payment or Deposit

Month 2 – Enter Bills, Pay Bills, Customer Payment, Pay Sales & Payroll Tax

QuickBooks 8.50 Bills Track & Pay

Xero 8.50 Bills Track & Pay

QuickBooks 8.55 Customer Payment & Deposit

Xero 8.55 Customer Payment & Deposit

QuickBooks 8.60 Pay Sales Tax

Xero 8.60 Pay Sales Tax

QuickBooks 8.65 Pay Payroll Tax

Xero 8.65 Pay Payroll Taxes

QuickBooks 8.70 Enter Bills & Pay Bills

Xero 8.70 Enter Bills & Pay Bills

Month 2 – New Service Items to Invoice, Finance Equipment, & Payroll

QuickBooks 8.75 Enter Service Items & Invoices

Xero 8.75 Enter Service Items & Invoices

QuickBooks 8.77 Purchase Equipment with Debt

Xero 8.77 Purchase Equipment with Debt

QuickBooks 8.80 Payroll

Xero 8.80 Payroll

QuickBooks 8.90 Rental Income New Service Item New Income Account

Xero 8.90 Rental Income New Service Item New Income Account

Month 2 – Month End Reports

QuickBooks 8.95 Comparative Financial Statements

Xero 8.95 Comparative Financial Statements

Bank Reconciliations

QuickBooks 9.02 Bank Reconciliation Objective

Xero 9.02 Bank Reconciliation Objective

QuickBooks 9.10 Bank Reconciliation First Month Part 1 Deposits

Xero 9.10 Bank Reconciliation First Month Part 1 Deposits

QuickBooks 9.11 Bank Reconciliation First Month Part 2

QuickBooks 9.12 Bank Reconciliation First Month Part 3 Review Report

Xero 9.11 Bank Reconciliation First Month Part 2

QuickBooks 9.14 Bank Reconciliation Second Month Part 1

Xero 9.14 Bank Reconciliation Second Month Part 1 Deposits

QuickBooks 9.15 ank Reconciliation Second Month Part 2

QuickBooks 9.17 Bank Reconciliation Second Month Part 3

Xero 9.15 Bank Reconciliation Second Month Outflows

Month End Adjusting Entries & Reversing Entries

QuickBooks 10.10 Short Term Loan Adjusting Entry

Xero 10.10 Short Term Loan Adjusting Entry

QuickBooks 10.11 Short Term Portion Of Loan Adjusting Entry

Xero 10.11 Short Term Portion Of Loan Adjusting Entry

QuickBooks 10.15 Accrued Interest Adjusting Entry

Xero 10.15 Loan Payable Adjusting Entry #2

QuickBooks 10.17 Reversing Entry Notes Payable

Xero 10.17 Reversing Entry Notes Payable

QuickBooks 10.25 Accrued Interest Reversing Entry

Xero 10.25 Accrued Interest Reversing Entry

Xero 10.25 Invoice & AR Adjusting Entry

QuickBooks 10.25 Invoice & AR Adjusting Entry Part 1 The Problem

QuickBooks 10.26 Invoice & AR Adjusting Entry Part 2 Solution

Xero 10.26 Invoice & AR Adjusting Entry Part 2 Solution

QuickBooks 10.35 Accounts Receivable Reversing Entry

Xero 10.35 Accounts Receivable Reversing Entry

QuickBooks 10.40 Prepaid Insurance Adjusting Entry

Xero 10.40 Prepaid Insurance Adjusting Entry

QuickBooks 10.45 Depreciation Adjusting Entry

QuickBooks 10.45 Unearned Revenue Adjusting Entry

QuickBooks 10.55 Unearned Revenue Reversing Entry

Xero 10.45 Depreciation Adjusting Entry

QuickBooks 10.57 Journal Report & Financial Statements

Xero 10.57 Journal Report & Financial Statements

Bank Feeds

QuickBook Bank Feed Data Files

Xero Data Files to Download

QuickBooks 315 How Do Bank Feeds Fit Into My Accounting System

Xero 315 How Do Bank Feeds Fit Into My Accounting System

QuickBooks 320 Project Outline

Xero 320 Project Outline

QuickBooks 325 Set Up Bank Feeds

Xero 325 Set Up Bank Feeds

QuickBooks 360 Download Transactions From Bank

Xero 360 Download Transactions From Bank

QuickBooks 365 Import Bank Data

Xero 365 Import Bank Data

QuickBooks 370 Add Expense transactions

Xero 370 Add Expense transactions

QuickBooks 375 Add Capital Expenditures

Xero 375 Add Capital Expenditures

Xero 376 Add Capital Expenditures Part 2

QuickBooks 380 Add Inventory Purchase

Xero 380 Add Inventory Purchase

QuickBooks 385 Add Amount Paid for Investment

Xero 385 Add Amount Paid for Investment

QuickBooks 390 Add Owner Withdraws

Xero 390 Add Owner Withdraws

QuickBooks 395 Add Bank Service Charge

Xero 395 Add Bank Charge

QuickBooks 395 Add Customer Deposits

Xero 395 Customer Deposit

QuickBooks 400 Sales Tax

Xero 400 Sales Tax Calculation

Xero 400 Sales Tax Set Up

QuickBooks 405 1 Deposit Owner

Xero 405 Deposit Loan

QuickBooks 405 Deposit Loan

Xero 405 Deposit Owner

Xero 406 Bank Beginning Balance

QuickBooks 407 Bank Reconciliation

QuickBooks 410 Compare Cash to Accrual

QuickBooks 415 Upload Bank Transactions

Xero 415 1 Upload Bank Transactions

QuickBooks 420 Add Expenses

Xero 415 2 Add Expenses

QuickBooks 420 Add Insurance

Xero 420 Add Insurance

QuickBooks 425 Add Payroll Checks

Xero 425 Add Payroll Checks

QuickBooks 430 Add Inventory

Xero 430 1 Add Inventory

QuickBooks 430 Add Loan Payments

Xero 430 2 Add Loan Payment

QuickBooks 435 Add Draw

Xero 435 Add Draw

QuickBooks 440 Invoice & Bank Feeds

QuickBooks 440 Receive Payments & Bank Feeds

Xero 440 1 Receive Payments On Invoice

Xero 440 2 One Deposit Two Invoices

QuickBooks 445 Sales Receipt & Bank Feeds

Xero 445 Sales Receipt & Bank Feeds

QuickBooks 450 Bank Reconciliation

Xero 450 Bank Reconciliation

QuickBooks 455 Reports After Second Month

QuickBooks 460 Credit Card Bank Feeds Upload

Xero 460 Credit Card Bank Feeds Upload

QuickBooks 465 Add Credit Card Bank Feed Data

Xero 465 1 Add Credit Card Bank Feed Data

QuickBooks 470 Reconcile Credit Card

QuickBooks 470 Upload Bank Transactions

Xero 470 1 Reconcile Credit Card

Xero 470 2 Upload Bank Transactions to Create Bank Rules

QuickBooks 475 Bank Rules Deposit Same Customer Different Account

Xero 475 Bank Rules Deposit Same Customer Different Account

QuickBooks 480 Bank Rules Amount Limit

Xero 480 Bank Rules Amount Limit

QuickBooks 485 Bank Rules Split Into Two Accounts

Xero 485 Bank Rules Split Into Two Accounts

QuickBooks 490 Bank Rules One Vendor Two Expense Accounts

Xero 490 Bank Rules One Vendor Two Expense Accounts

QuickBooks 495 Bank Rules More Rules & Techniques

Xero 495 Bank Rules More Rules



Reviews

M
Md.25 May 2020

this course very helpful for me. I easily understand quickbook and xero because part by part video assistance to do work



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2797342

Udemy ID

2/5/2020

Course created date

2/19/2020

Course Indexed date
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