4.56 (118 reviews)
☑ Real world Accounting with the best Accounting Software
☑ Sales and Receivables Management
☑ Expenses and Payables Management
☑ Setting up Xero
Technology has revolutionized everything, and, Accounting and Bookkeeping are no exception. Thanks to modern Accounting Software Xero (and few others), the complex accounting entries and jargon like debits and credits are all managed by the system.
Setting up the Chart of Accounts (the key income, expense, assets, and liability categories).
Setting up contacts (customers, suppliers, employees)
Setting up our business branding on Invoices
Defining opening balances on accounts
Setting up banks and integrating the bank for bank feed (automatic import of bank statement).
Sales and Receivables Management:
Creating customers in Xero
Creating (our business branded) invoices and emailing to customers from Xero
Follow up customers for payment (from within the Xero)
Automating the follow-up schedule within Xero
Sending monthly summaries (statements) from Xero
Receiving full/partial payments and issuing receipts (payment acknowledgment) to customers from within the Xero
Reconciling the payments received in the bank (within Xero).
Running Sales and Receivables Reports and analyzing important bits aging analysis, key customer analysis, trend analysis
Purchases/Expenses and Payables Management:
Recording bills/invoices/receipts in Xero where payment has already been made.
Recording unpaid bills in Xero
Attaching the image/soft copy of the bill with expense created in Xero (to meet the legal requirements).
Applying full/partial payments to the bills
Reconciling the payments made in the bank (within Xero).
Automating the bills data entry using Xero partner add-ons
Automating the expense recording by creating bank-rules
Bulk recording of expenses using Xero cash-coding, saving hours of bookkeeping
Running Purchases and Payables Reports and analyzing important bits aging analysis, analysis, trend analysis
About the Teacher:
Certified Chartered Accountant from the United Kingdom
Xero Certified Advisor since 2014
50+ Xero, QuickBooks, SAP, and Oracle implementations
12 years of teaching experience as visiting faculty
Ex PwC Consultant
Signing up and Setting up Xero
Sign up and Introduction
Setting up Chart of Accounts
Chart of Accounts - Continued
Sales tax rates
Other settings - Currency, Users, & Organization Profile
Sales & Receivables - Bookkeeping & Accounting
Introduction and defining Inventory items
Reporting Sales and Income
Receiving payment and Updated Reporting
Recording Sales without Invoice
Sending Receipts to Customers
Sales Return and Credit Note
Sending Statements to Customers
i enjoyed the course and learned a lot from it. the content is amazing and focused on practical situation.
It was really good experience Allhumdulilah. Sir make everything clear. Sir I'm feeling very proud for being your student
Good explaining, but could've been better if he started by explaining how the course is going to go , before jumping into creating accounts,
The best practical course on xero. I had zero (0) knowledge with xero this morning. I setup my own business in just 3 to 5 hours now. I feel I am pro on Xero. Many thanks to Instructor. Who explained all the issues very clearly . Lecture , vocal everything was perfect. And this is my first review on Udemy. Thanks again.
As of now mid way of the course , I can say this one is the perfect teaching style on the Udemy platform for such a kind of course. You will never be bored and hopefully enjoyed since now. thanks for the such a great effort by the Honorable Irfan sir
Course was good. trainer explained in detail and voice was clear and easily understandable. if reconciliation added could have complete package.
I am already familiar with Xero but I gained more knowledge through this course, most especially on the reporting topics. Thank you for the clear explanation of all the topics.