HRDF Course-Basic Accounting using Xero
Details
Basic Accounting for Non-Finance Managers or Founders is a one-day public workshop which aim to provide an overview of the accounting knowledge and essentials to assist the managers, executives and founders in their daily activities. 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 how to use Xero to perform basic accounting to aid decision making.
Topics include:
- What is accounting?
- Reading 3 basic statements: balance sheets, income statements and cash flow statement.
- Setting up Xero
- Operating invoice management using Xero
- Operating expense management using Xero
- Using Xero to enable daily accounting matters [tax, budget, user]
Outline
Module 1. Basics of Accounting
- What is accounting?
- Bookkeeping
- Financial accounting
Module 2. Financial Accounting
- 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
Module 3. Managerial Accounting
- Product costing
- Break even
- Budgets
- Real life examples of managerial accounting
Module 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
Module 5. Set Up a bank account
- Create a bank account + bank feed setup
- Import data into the bank account
Module 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
Module 7. Expenses
- Purchase Order / Bill
- Claim Expense
Module 8. Tax
- Setting up the tax
- View the tax report
Module 9 - Reports
- All Reports
- Popular Reports
- Running Reports
Module 10. Other Tasks
- Manager Users
- Connected Apps
- Help & Resources
Speaker/s
All our courses and trainings are funded by HRDF (Human Resources Development Fund Malaysia). Our courses include Infocomm, Digital Media, Robotics, Semiconductor,Telecommunication, Life Science, Horticulture Industries , and Business Administration . Below are some of our popular courses
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