HRDF Course- Advanced Xero Accounting Training

Xero is one of the most user friendly yet powerful accounting software with all the time-saving tools you need. To date. Xero is more than 1 million users worldwide. It can be integrated real-time with many e-commerce and ERP software. Xero is simple to use and and be access anywhere & anytime. It allows unlimited users. invoice creation. track cashflow. services: billing, bank reconciliation, epenses, inventory management.
This advanced Xero accounting course includes

• Budget Managing
• Bank Reconciliation
• Inventory Management
• Reporting and Tracking
• Advanced Xero Features

Module 1. Setting Up Company & Chart of Accounts

• Creating a New Company in Xero
• Xero Settings
• User Access and roles
• Setup of Chart of Accounts
• Setup Account Opening Balances from the Balance Sheet
• Setup of Beginning Balances for Customer Accounts
• Setup of Beginning Balances for Supplier Accounts

Module 2. Setting up Bank Account

• Connecting or Adding Bank Accounts in Xero
• Activating Bank Feeds from your bank into Xero
• Importing bank statement transactions

Module 3. Contact Management

• Getting familiar with Contacts
• Setting up Contacts
• Managing Contacts

Module 4. Inventory Management

• Creating Non-Stock Inventory Items/Services in Xero
• Creating stock tracked inventory Items in Xero
• Importing Inventory Items in Xero
• Setting up Inventory Opening Balances

Module 5. Managing Sales Transactions

• Recording Sales Quotes and converting into a new Sales Quote, Invoice, Purchase Order and Bill
• Recording Customer payments for invoices
• Recording customer credit note
• Recording Customer Prepayments
• Recording Customer Overpayments
• Recording Recurring Transactions or Repeating Sales Transactions
• Sending Customer Invoices and Statements
• Generating PDF invoice and Statement
• Sending Invoices to customers

Module 6. Managing Purchase Transactions

• Recording Purchase Orders and convert to another purchase or sales transaction
• Copy Bill to a sales or purchase document
• Recording Purchases Credit Note
• Recording Recurring or Repeating Purchases Transactions
• Recording payments to suppliers

Module 7. Bank Reconciliation

• Reconcile bank feeds or transactions from bank feeds
• Recording Transactions while reconciling
• Creating Bank Rules
• Generating Bank Reconciliation Summary

Module 8 Reporting and Tracking

• Getting familiar in generating financial reports in Xero
• Profit and Loss Report
• Statement of Financial Position or Balance Sheet
• Accounting Reports
• Accounts and other tracking reports in Xero
• Setting up Reports
• Formatting and Customizing Reports
• Report Templates
• Publish, Export, Print, Archive, Copy Reports

Module 9. Budget Manager

• Create/Import Budgets
• Edit/Delete Budgets
• Prepare cashflow forecast
• Budget Summary Report
• Budget Variance Reports
• Export Budgets

Module 10. Advanced Xero Functions

• Inventory Adjustments
• Setting up Multiple Currency and handling Transactions