Xero Bookkeeping & Accounting, w/ Set-up & Reporting

Technology has revolutionized the whole lot, and, Accounting and Bookkeeping are not any exception. Thanks to trendy Accounting Software Xero (and few others), the complicated accounting entries and jargon like debits and credit are all managed by the system.

Initial Set-up:

• Setting up the Chart of Accounts (the important thing earnings, expense, property, and legal responsibility classes).

• Setting up contacts (prospects, suppliers, workers)

• Setting up our enterprise branding on Invoices

• Defining opening balances on accounts 

• Setting up banks and integrating the financial institution for financial institution feed (computerized import of financial institution assertion).

Sales and Receivables Management:

• Creating prospects in Xero

• Creating (our enterprise branded) invoices and emailing to prospects from Xero

• Follow up prospects for cost (from inside the Xero)

• Automating the follow-up schedule inside Xero

• Sending month-to-month summaries (statements) from Xero

• Receiving full/partial funds and issuing receipts (cost acknowledgment) to prospects from inside the Xero

• Reconciling the funds acquired within the financial institution (inside Xero).

• Running Sales and Receivables Reports and analyzing necessary bits getting older evaluation, key buyer evaluation, development evaluation

Purchases/Expenses and Payables Management:

• Recording payments/invoices/receipts in Xero the place cost has already been made.

• Recording unpaid payments in Xero

• Attaching the picture/gentle copy of the invoice with expense created in Xero (to fulfill the authorized necessities).

• Applying full/partial funds to the payments

• Reconciling the funds made within the financial institution (inside Xero).

• Automating the payments information entry utilizing Xero associate add-ons

• Automating the expense recording by creating bank-rules

• Bulk recording of bills utilizing Xero cash-coding, saving hours of bookkeeping

• Running Purchases and Payables Reports and analyzing necessary bits getting older evaluation,  evaluation, development evaluation

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 instructing expertise as visiting school

• Ex PwC Consultant

Who this course is for:

• Accounting college students, aspiring accountants, entrepreneurs, small enterprise house owners