Xero Accounting Software
Become an Expert in Xero Accounting Software: From Basics to Comprehensive Data Analysis
4.42 (517 reviews)
46,751
students
81.5 hours
content
Nov 2023
last update
$119.99
regular price
What you will learn
Recall the basic functionalities of Xero accounting software and demonstrate proficiency in navigating its user interface.
Apply the steps involved in the purchasing, downloading, and installation process of Xero software.
Analyze the major components of Xero software, including customer, vendor, and employee sections, and understand their role in the accounting cycles.
Evaluate the impact of various forms and transactions within each accounting section on the financial statements.
Demonstrate the ability to enter and process standard types of transactions, such as invoices, bills, pay bills, purchase orders, and deposits.
Synthesize the learned concepts and techniques by working through a comprehensive problem that covers two months of data input.
Interpret the financial statements generated in Xero software and verify the accuracy of the data input by checking the impact of each transaction on them
Modify system settings in Xero to streamline data entry and enhance the efficiency of the accounting process.
Communicate effectively about the functionality and capabilities of Xero accounting software, demonstrating proficiency in explaining its benefits.
Why take this course?
Whether you are a beginner in accounting or new to the Xero software, this course provides a comprehensive foundation to navigate Xero and perform essential accounting tasks.
We start by assuming no prior knowledge of the software or accounting principles. We guide you through the purchasing, downloading, and installation process, utilizing Xero's free 30-day trial to facilitate hands-on practice.
The first half of the course focuses on navigating the software, acquainting you with its major components and the primary accounting cycles, including the customer section (revenue cycle), the vendor section (payments cycle), and the employee section (payroll cycle). By understanding these sections, you will grasp the fundamental elements that impact financial statements.
Within each accounting cycle, we delve into analyzing the various forms and transactions, such as invoices, bills, pay bills, purchase orders, and deposits. You will gain insights into how each transaction affects the financial statements and develop proficiency in recording them accurately.
The second half of the course takes the form of a comprehensive problem, immersing you in a two-month data input exercise. This practical approach enables you to enter diverse transactions and experience the accounting workflow firsthand. As we progress through the comprehensive problem, you will witness the direct impact of each transaction on the financial statements, allowing for immediate verification of your work.
Beyond simple data entry, the comprehensive problem format provides contextual understanding and empowers you to optimize the Xero system for efficient data input. By exploring the entire accounting process within a real-world scenario, you will enhance your problem-solving skills and gain a holistic view of the accounting workflow.
Join us on this exciting journey to master Xero accounting software. Enroll today and acquire the skills to navigate Xero with confidence, analyze financial transactions effectively, and ensure accurate financial reporting.
Content
Getting Started - Getting Setup - Xero 2020
.10 Xero Free 30-Day Trial
Data Files to Download
1.05 Navigation Overview
Customer Cycle , Cycle, or Accounts Receivable Cycle - Xero 2020
Data Files to Download
1.15 Customers Section Flow
1.16 Customer Section Invoice
1.17 Customers Section Receive Payment
1.18 Customers Section Deposit from Clearing
1.19 Customers Section Sales Receipts
Vendor Cycle, Purchases Cycle, or Sales Cycle - Xero 2020
Data Files to Download
1.20 Vendors Section Bill Form
1.22 Vendor Section Payable Payment
1.23 Vendors Section Purchase Order
1.24 Vendors Section Check
Employee Cycle and Other Core Features - Xero 2020
1.25 Employee Section
1.28 Others Section
1.30 Reports
1.40 Help Options
1.45 Print & Export Reports to Excel
1.50 Backup Options
Balance Sheet Reports - Xero 2020
Data Files to Download
2.10 Balance Sheet
2.15 Balance Sheet Report Settings
2.20 Balance Sheet Edit Layout
2.30 Comparative Balance Sheet
2.40 Summary Balance Sheet
2.50 Memorize Custom Report Group
Profit and Loss or Income Statement Reports - Xero 2020
3.10 Income Statement
3.20 Comparative Income Statement
3.25 Vertical Analysis Income Statement
3.30 % of Expense Income Statement
Statement of Cash flows & Other Common Reports - Xero 2020
4.10 Statement of Cash Flows
4.20 Income By Contact Report
4.30 Aged Receivables Report
4.35 Aged Payables Reports
4.40 Sales Graphs
4.45 AR & AP Graphs
Course Project Start - Set Up New Company File, Preferences, & Users
Data Files to Download
6.01 Set Up Organization Details
6.02 Users Add & Manage
6.03 Add Apps, Currencies, & Subscriptions
6.05 Payment Services, Invoicing, & Features
6.06 Projects, Files, & Other Settings
Set Up Service & Inventory Items & Enter Inventory Beginning Balance
Data Files to Download
6.09 Objective
6.10 Items - Service Set Up Part 1
6.11 Items - Service Set Up Part 2
6.13 Items – Inventory Set Up Part 1
6.14 Items – Inventory Set Up Part 2
6.14 Items – Inventory Set Up Part 3
Add Customers & Vendors - Enter AR and AP Beginning Balances
6.15 Set Up Customers & Beginning Balances
6.20 Set Up Vendors & Beginning Balances
Add Accounts & Beginning Balances, Checking, Credit Card, Notes Payable, Equip.
6.25 Add Bank Account
6.26 Add Credit Card
6.27 Add Notes Payable
6.28 Add Equipment Account
Adjust Equity, Payroll Options, & Reports
6.35 Payroll Options
6.55 Generate Transaction Detail Report
Month 1 - Deposits from Owner & Loan, Purchase Furniture, Sales Tax Set Up
7.05 Record Owner & Loan Deposit
7.10 1 Record Purchase Furniture
7.10 2 Record Short-Term Investment
7.16 Sales Tax Set Up
Month 1 - Purchase Orders & Invoices
7.17 Purchase Order Part 1
7.18 Purchase Order & Add Inventory Item
7.20 Part 1 Create an Invoice with Inventory Part 1
7.20 Part 2 Create an Invoice with Inventory
Month 1 - Receive Payments Forms
7.25 Part 1 Receive Payment
7.25 Part 2 Receive Payment
Month 1 - Sales Receipt & Deposit
7.30 Part 1 Sales Receipt
7.30 Part 2 Sales Receipt Service Item
7.35 Deposit Records Group Deposits
Month 1 - Receive Inventory & Link Expense Form to Purchase Order
7.40 1 P.O. Billed & Paid Part 1
7.40 2 P.O. Billed & Paid Part 2
Create Invoice From Linked Billable Expense & Make Deposit
7.45 Invoice Created From Purchase Order Part 1
7.46 Invoice Created From Purchase Order Part 2
7.50 Receive Payment & Make Deposit
Month 1 – Enter Checks & Expenses & Pay Bills
7.55 Enter Check & Expense Forms
7.60 Pay Bills
Month 1 – Customer Jobs & Sub Customers, Projects, & Payroll
7.65 Projects
7.70 Pay Employees Part 1
7.71 Pay Employees Part 2
7.75 Sales Receipt Service Item
Month 1 – Reports & Review of Data Input
7.80 Generate Report Export to Excel
Month 2 - Loan Payments & Short Term Investment Sale
Data Files to Download
8.02 Consolidate Loans
8.03 Loan Amortization Table
8.05 Make Loan Payments
8.10 Short Term Investment Deposit
Month 2–Purchase Order, Enter Bill for Inventory, Sales Receipt, & Deposit
8.15 Purchase Order With New Inventory Item
8.20 Receive Inventory Requested With P.O. Enter Bill
8.25 Sales Receipts & Deposit
Month 2 – Advanced Payments & Apply Credit to Invoice
8.30 Advanced Payment From Customer
8.35 Apply Credit Or Advanced Payment to Invoice
8.40 Record Sales on Account
8.45 Advance Customer Payment or Deposit
Month 2 – Enter Bills, Pay Bills, Customer Payment, Pay Sales & Payroll Tax
8.50 Bills Track & Pay
8.55 Customer Payment & Deposit
8.60 Pay Sales Tax
8.65 Pay Payroll Taxes
8.70 Enter Bills & Pay Bills
Month 2 – New Service Items to Invoice, Finance Equipment, & Payroll
8.75 Enter Service Items & Invoices
8.77 Purchase Equipment with Debt
8.80 Payroll
8.90 Rental Income New Service Item New Income Account
Month 2 – Month End Reports
8.95 Comparative Financial Statements
Bank Reconciliations
9.02 Bank Reconciliation Objective
9.10 Bank Reconciliation First Month Part 1 Deposits
9.11 Bank Reconciliation First Month Part 2
9.14 Bank Reconciliation Second Month Part 1 Deposits
9.15 Bank Reconciliation Second Month Outflows
Month End Adjusting Entries & Reversing Entries
10.10 Short Term Loan Adjusting Entry
10.11 Short Term Portion Of Loan Adjusting Entry
10.15 Loan Payable Adjusting Entry #2
10.17 Reversing Entry Notes Payable
10.25 Accrued Interest Reversing Entry
10.25 Invoice & AR Adjusting Entry
10.26 Invoice & AR Adjusting Entry Part 2 Solution
10.35 Accounts Receivable Reversing Entry
10.40 Prepaid Insurance Adjusting Entry
10.45 Depreciation Adjusting Entry
10.57 Journal Report & Financial Statements
Bank Feeds
Data Files to Download
315 How Do Bank Feeds Fit Into My Accounting System
320 Project Outline
325 Set Up Bank Feeds
360 Download Transactions From Bank
365 Import Bank Data
370 Add Expense transactions
375 Add Capital Expenditures
376 Add Capital Expenditures Part 2
380 Add Inventory Purchase
385 Add Amount Paid for Investment
395 Add Bank Charge
400 Sales Tax Calculation
400 Sales Tax Set Up
405 Deposit Loan
405 Deposit Owner
406 Bank Beginning Balance
415 1 Upload Bank Transactions
415 2 Add Expenses
420 Add Insurance
425 Add Payroll Checks
430 2 Add Loan Payment
435 Add Draw
440 1 Receive Payments On Invoice
440 2 One Deposit Two Invoices
445 Sales Receipt & Bank Feeds
450 Bank Reconciliation
460 Credit Card Bank Feeds Upload
465 2 Add Credit Card Data to Financial Stmts
470 1 Reconcile Credit Card
475 Bank Rules Deposit Same Customer Different Account
480 Bank Rules Amount Limit
485 Bank Rules Split Into Two Accounts
490 Bank Rules One Vendor Two Expense Accounts
495 Bank Rules More Rules
Reviews
Anjali
October 2, 2023
it would be more beneficial when it have original invoice for the practice..then we will get clear idea
Nw
September 17, 2023
If you have a background in bookkeeping or accounting, this is a must have for anyone who really want to master Xero. The tutor really goes into depth about how to use the software. He does an amazing job combining his accounting/bookkeeping knowledge with using Xero, his lesson are both entertaining and engaging. I have come across many Xero tutors claiming to teach you Xero but most are rubbish. This guy is the best and I would highly recommend this course to anyone who has an accounting or bookkeeping background.
Hui
August 17, 2023
Yes good match with me, as I only know the oracle accounting software. However, xero is more convenient to use for a company.
PK
July 13, 2023
The background videos are disturbing. Sometimes lessons are almost difficult to view. No idea how to download the unedited version mentioned.
Joanna
June 7, 2023
All explained in details which is good.
A little bit fast so rewind button comes handy at times when something goes over my head.
Thank you for all the useful material.
Maria
May 25, 2022
It's a good match for me as I finished BS Accountancy. I just have to practice more so I can familiarize myself with the application. Thank you!
Manoj
June 6, 2021
The tutorial video is really helpful in understanding the process. Language is easily understandable.
Abbey
April 27, 2021
So far my first course on Udemy and my fav. The instructor has a unique way of keeping things entertaining to a certain extent and yet informative. I learned a lot about Excel too! Keep it up!
Lincoln
April 8, 2021
Great teacher, however the way in which each section is introduced by Robert saying 'In this presentation…’ in somewhat of an annoying way ends up being problematic when it's said like that repetitively. Just wish each section was introduced in a more decent way as he is a great teacher end of the day.
Peter
April 5, 2021
I was very informative and covers all aspects of the bookkeeping functions alongside the Xero learning... found some bits long winded but a well presented course for the absolute beginner
Glynnis
December 30, 2020
I learnt there is a lot more functionalities in Zero and how it can be used in relation to your bank.
Syed
December 28, 2020
Great way of teaching and having excellent knowledge. I found this course very helpful for me. I highly recommend it to others.
Serena
December 22, 2020
engaging and interesting perspectives with the comparison between the 2 softwares. Early moments yet for an in-depth appreciation though.
Aysha
October 26, 2020
Just started but so far so good. Like how instructor explains how the accounting equation is affected with each transaction and/or entry.
Roxanne
May 4, 2020
yes, it is a good match. I need to gain some more knowledge regarding Xero so that I have a better chance of getting a job. This is helping me to understand Xero in more detail
Coupons
| Submit by | Date | Coupon Code | Discount | Emitted/Used | Status |
|---|---|---|---|---|---|
| Lee Jia Cheng | 2/1/2020 | BED298BEFE9AFF221D8F | 100% OFF | expired | |
| Lee Jia Cheng | 2/20/2020 | 560EFDBB31BA4C62E9DF | 100% OFF | expired | |
| Lee Jia Cheng | 2/24/2020 | F6507CFF0CBB251BCE25 | 100% OFF | expired | |
| - | 5/20/2020 | 92F5F12EEA5D048896AC | 100% OFF | 40000/3256 | expired |
| Angelcrc Seven | 5/26/2020 | 9D8374BDAFC890E41D46 | 100% OFF | 40000/782 | expired |
| - | 11/9/2020 | 97DEA1CF58DFD9060CAE | 100% OFF | 40000/2491 | expired |
| Angelcrc Seven | 12/27/2020 | 5FB5B0CF46C465B23098 | 100% OFF | 40000/3952 | expired |
| - | 2/13/2021 | B06AFCBB3C7EBBD6616F | 100% OFF | 40000/609 | expired |
| - | 3/15/2021 | 585DB961FADE9320DDE3 | 100% OFF | 40000/3297 | expired |
| - | 4/27/2021 | 6DB8696A60A1D78812C9 | 93% OFF | expired | |
| - | 6/26/2021 | 1D5F922EB391B3683830 | 100% OFF | 40000/2218 | expired |
| Ignacio Castro | 11/21/2021 | 7B35B06460278422B52F | 100% OFF | 1000/978 | expired |
| - | 12/29/2021 | 2D37CA4B21AA9D494F87 | 100% OFF | 1000/968 | expired |
| Ignacio Castro | 1/15/2022 | 04AAF17A3255A41EA47D | 100% OFF | 1000/944 | expired |
| Angelcrc Seven | 1/27/2022 | AAAF4CBF00CE7D2E746C | 100% OFF | 1000/620 | expired |
| Angelcrc Seven | 2/2/2022 | 728CC600C8F7785BFE25 | 100% OFF | 1000/987 | expired |
| - | 2/11/2022 | 56DB1071505035A5D027 | 100% OFF | 1000/568 | expired |
| - | 2/23/2022 | 820B5B6E9A3327882F2B | 100% OFF | 1000/153 | expired |
| Angelcrc Seven | 3/10/2022 | AC2354B2993878C28946 | 100% OFF | 1000/396 | expired |
| Angelcrc Seven | 3/17/2022 | 5535BB48C2FEB147954F | 100% OFF | 1000/389 | expired |
| - | 3/27/2022 | C64F0D2ACEC8DCBFEFC7 | 100% OFF | 1000/329 | expired |
| - | 4/5/2022 | D3A61E6A2D671C14929F | 100% OFF | 1000/355 | expired |
| Angelcrc Seven | 5/4/2022 | F1595C4B8032FDC3D19D | 100% OFF | 1000/470 | expired |
| - | 5/27/2022 | F391E914940C136884D6 | 100% OFF | 1000/374 | expired |
| - | 6/2/2022 | E3C50AF43C962276C6B7 | 100% OFF | 1000/252 | expired |
| - | 6/18/2022 | A382C1268DFF164639CB | 100% OFF | 1000/501 | expired |
| - | 6/30/2022 | CB60A0B28489EE761538 | 100% OFF | 1000/385 | expired |
| - | 7/16/2022 | E018280913A867E2FB3A | 100% OFF | 1000/133 | expired |
| - | 7/27/2022 | B37E7B13A15BCC05B730 | 100% OFF | 1000/286 | expired |
| - | 8/18/2022 | 09940941D52F2567035A | 100% OFF | 1000/269 | expired |
| - | 8/26/2022 | BABCE7A68D15EAE1EF3C | 100% OFF | 1000/841 | expired |
| - | 9/11/2022 | D3AEE3B519EB1794D1F9 | 100% OFF | 1000/130 | expired |
| Angelcrc Seven | 9/19/2022 | 2A24E0C3117FE58F23BA | 100% OFF | 1000/210 | expired |
| - | 9/27/2022 | 5A5C0935BA86C7037128 | 100% OFF | 1000/307 | expired |
| - | 10/13/2022 | 877BBB156BDEEFB40E23 | 100% OFF | 1000/209 | expired |
| - | 11/12/2022 | 2DC1A085D766617A934E | 100% OFF | 1000/129 | expired |
| - | 12/6/2022 | 8308222B44C876B55357 | 100% OFF | 1000/996 | expired |
| - | 12/14/2022 | DF0A5AF90C9D066C131E | 100% OFF | 1000/168 | expired |
| - | 12/24/2022 | CBA5D0CC2F1F89FC2562 | 100% OFF | 1000/622 | expired |
| - | 1/9/2023 | 9B43FF7C8CACBB455D70 | 100% OFF | 1000/931 | expired |
| - | 1/17/2023 | 7C106E2BD521D562FC86 | 100% OFF | 1000/247 | expired |
| - | 2/20/2023 | 17038062E1D2F47B0821 | 100% OFF | 1000/412 | expired |
| - | 2/27/2023 | 671EB9113A08BFD2574C | 100% OFF | 1000/60 | expired |
| - | 3/30/2023 | D8611140289AF03BAABA | 100% OFF | 1000/210 | expired |
| - | 4/13/2023 | BFF65976A3F725F01347 | 100% OFF | 1000/364 | expired |
| - | 4/29/2023 | 98E3F17D6EAAB2F0B576 | 100% OFF | 1000/178 | expired |
| - | 5/7/2023 | 3E2BD4D1344B1904DDC2 | 100% OFF | 1000/117 | expired |
| - | 5/16/2023 | 3C38EA6CA5090154F6D2 | 100% OFF | 1000/128 | expired |
| - | 5/24/2023 | AB690E2C07D7C60FFDE1 | 100% OFF | 1000/57 | expired |
| - | 6/12/2023 | 08A10179471DD6E0F7E9 | 100% OFF | 1000/370 | expired |
| - | 6/19/2023 | 87FB2AFBD7A400497716 | 100% OFF | 1000/192 | expired |
| - | 7/16/2023 | A4B88E3EED3DFB200187 | 100% OFF | 1000/355 | expired |
| - | 7/28/2023 | AA9325836E072E1436A3 | 100% OFF | 1000/188 | expired |
| - | 8/14/2023 | 1BD87DE5CAA9BD213EE0 | 100% OFF | 1000/287 | expired |
| - | 8/30/2023 | 672F09DE1E49D3581EAA | 100% OFF | 1000/967 | expired |
| - | 9/7/2023 | 0CB96D9CCE1DB72B33A8 | 100% OFF | 1000/514 | expired |
| - | 9/20/2023 | 16091056491B05BB46E3 | 100% OFF | 1000/195 | expired |
| - | 10/5/2023 | 20C1DB5C77D4DDD693A8 | 100% OFF | 1000/328 | expired |
| - | 10/12/2023 | 0B32FA8C8AA1F3C9E6E7 | 100% OFF | 1000/228 | expired |
| - | 10/19/2023 | C4F94B3BED41906B3738 | 100% OFF | 1000/342 | expired |
| - | 11/9/2023 | 4603AC6DDBAD9533E3FE | 100% OFF | 1000/96 | expired |
| - | 12/6/2023 | 61A89C0F9931DC3AE407 | 100% OFF | 1000/267 | expired |
Charts
Price
Rating
Enrollment distribution
Related Topics
2777862
udemy ID
1/25/2020
course created date
2/1/2020
course indexed date
Lee Jia Cheng
course submited by