Efficient Accounting with Xero

Maximize the capabilities of Xero to achieve timely and stress-free accounting for your business

Purchase of the print or Kindle book includes a free PDF eBook

Key Features
Become well-versed with the latest features of Xero to confidently manage all your bookkeeping tasks with ease
Master the use of Xero and implement best practices to avoid costly errors
Learn techniques for recording and managing financial data efficiently
Book Description
Xero empowers business owners to gain insights into their business and performance and collaborate seamlessly with their accountants and tax professionals. This book goes beyond the basics and explores the more advanced Xero features, techniques, and best practices for managing sales taxes, budgeting, and reporting.

You'll begin by diving right into Xero, setting up a bank feed, and exploring its power while experiencing just how easy it is to use. The book will guide you in setting up Xero the right way to ensure that you succeed in each of your transactions. As you progress through the chapters, you'll learn what spend money and receive money transactions are and be able to easily send invoices and collect receivables or payments, collect and pay bills, and even track your business assets with Xero. Toward the end, you'll be proficient at producing powerful reports, giving you the keys to running or advising any business.

By the end of this Xero book, you'll have gained the confidence to add a company to Xero, set up the bank feeds, reconcile the transactions, send invoices, and pay bills, ending up with beautiful financial statements.

What you will learn
Understand why Xero is the best choice in accounting software for your SMB
Easily set up or convert to Xero for a service- or product-based business
Reconcile cash and related transactions effortlessly
Track and depreciate capital assets purchased by and used in the business
Produce customized reports tailored to your specific need
Use Xero to make informed and timely decisions and become a better business owner or advisor
Who this book is for
This book is for small and medium business owners (SMBs) and bookkeepers or accountants who want to learn how to properly use and master Xero. Little to no knowledge of Xero is assumed. However, prior understanding of basic bookkeeping and accounting principles is required.

Table of Contents
Xero Basics - Subscriptions and when to use
Exploring Bank Feeds - The heart of Xero
Dialing in your organization's settings in Xero
Restart with The Fresh Start Method
Conversion to Xero Made Easy
Recording and Reconciling the Bank
Invoicing and the Sales Process
Manage Bills and purchases with Procure to Pay in Xero
Using Xero On the Go
Fixed Asset Management in Xero
All You Need to Know About Manual Journals in Xero
Correcting Mistakes with Find and Recode
Run and customize Basic Reports In Xero
Advanced Reporting with Business snapshot and Short-Term Cash Flow
Create Custom Reports in Xero with the Layout Editor
Run Your Practice with Xero HQ
Practice wide Reports Templates in Xero
Exporting your Data and Reports out of Xero
Apps, Apps, Apps