Xero Accounting Canada - A Full Comprehensive Course 2023

Accounting & Bookkeeping Software [4K]

What you'll learn

Sign up for Xero

Navigating Xero

Setting up initial Xero settings

Exploring the Chart of Accounts

Using the Demo Company

Creating & using tracking categories

Exploring the Contacts

Familiarizing with the Sales screen

Configuring the Invoice settings

Creating an Invoice

Creating Repeating Invoices

Creating Credit Notes for Invoices

Configuring the Quotes settings

Creating Quotes

Exploring miscellaneous Invoicing tasks

Send Statements

Run various Sales Reports

Familiarizing with the Purchases screen

Configuring the Bill settings

Creating a Bill

Creating Repeating Bills

Creating Credit Notes for Bills

Configuring the Purchase Order settings

Create and manage Purchase Orders

Create Batch Payments

Exploring miscellaneous Billing tasks

Send Remittances

Run various Purchases Reports

Familiarizing with the Products & Services screen

Add Services

Add Untracked & Tracked products

Configuring the Fixed Assets settings

Add assets from Bank Transactions

Add assets from Spend Money

Add assets from Bills

Run Depreciation

Add a Bank Account & Automatic Feed

Upload Bank Transactions

Reconcile Invoices, Bills, Spend & Receive Money Transactions

Remove & Redo Reconciled Transactions

Learning about Payroll in Xero

Create Journal Entries

Create Repeating Journal Entries

View, Edit, or Copy Manual Journals

Delete, Reverse, Archive, Restore, and Void Manual Journals

Requirements

There are no prerequisites or prior knowledge required to take this course.

Description

Why study Xero?In today's rapidly shifting digital landscape, having knowledge of Xero accounting and bookkeeping software is crucial to staying competitive as a professional. It is essential to use reliable accounting software like Xero that can fulfill all your accounting needs.About the course:This course is designed to equip you with the knowledge and skills necessary to effectively use Xero Accounting software in Canadian business operations. Xero is a powerful cloud-based accounting software that offers a range of features to help businesses manage their financial records, and with this course, you'll learn how to use it to its full potential.Throughout this course, you'll be introduced to the fundamentals of Xero Accounting, including setting up a company account, creating a chart of accounts, and generating financial statements. You'll also learn how to manage accounts payable and accounts receivable, reconcile bank and credit card transactions in Xero. By the end of the course, you'll have the knowledge and confidence to use Xero Accounting effectively in your Canadian business operations.What you will learn in this course:In this course, we will guide you through the process of setting up and using Xero Canada. We'll begin by creating a Xero account for a fictional business and cover the initial settings. We'll also explore contacts, the chart of accounts, and tracking categories, which can be set up from the beginning.Using the demo company, we will learn how to manage InvoicesSalesBillsPurchasesProducts and services (inventory)Fixed AssetsBank accountsJournal Entries By the end of this course, you'll have the knowledge and skills needed to manage accounts in Xero Canada confidently, whether it's for your own business or your clients' business.

Overview

Section 1: Introduction

Lecture 1 Course Introduction

Section 2: Getting Started

Lecture 2 Signing up to Xero

Lecture 3 Quick Tour of Xero

Lecture 4 Initial Xero Settings

Lecture 5 Chart of Accounts

Lecture 6 Demo Company

Lecture 7 Tracking Categories

Lecture 8 Contacts

Section 3: Invoices and Sales

Lecture 9 Sales Screen

Lecture 10 Invoice Settings

Lecture 11 Creating an Invoice

Lecture 12 Repeating Invoices

Lecture 13 Credit Notes for Invoices

Lecture 14 Quotes Settings

Lecture 15 Creating Quotes

Lecture 16 Other Invoicing Tasks

Lecture 17 Sending Statements

Lecture 18 Sales Reporting

Section 4: Bills and Purchases

Lecture 19 Purchases Screen

Lecture 20 Bill Settings

Lecture 21 Creating a Bill

Lecture 22 Repeating Bills

Lecture 23 Credit Notes for Bills

Lecture 24 Purchase Order Settings

Lecture 25 Purchase Orders

Lecture 26 Batch Payments

Lecture 27 Other Billing Tasks

Lecture 28 Sending Remittances

Lecture 29 Purchases Reporting

Section 5: Products and Services

Lecture 30 Products and Services Screen

Lecture 31 Adding Services

Lecture 32 Adding Untracked Products

Lecture 33 Adding Tracked Products

Section 6: Fixed Assets

Lecture 34 Fixed Assets Settings

Lecture 35 Adding Assets from Bank Transactions

Lecture 36 Adding Assets from Spend Money

Lecture 37 Adding Assets from Bills

Lecture 38 Depreciation

Section 7: Bank Accounts

Lecture 39 Adding a Bank Account & Automatic Feed

Lecture 40 Uploading Bank Transactions

Lecture 41 Reconciling Invoices, Bills, Spend & Receive Money Transactions

Lecture 42 Remove & Redo vs. Unreconcile

Section 8: Payroll

Lecture 43 About Payroll

Section 9: Journal Entries

Lecture 44 Creating Journal Entries

Lecture 45 Repeating Journal Entries

Lecture 46 View, Edit, or Copy Manual Journals

Lecture 47 Reverse or Cancel Manual Journals

This course is designed for business owners, accountants, and bookkeepers who want to gain a deeper understanding of Xero, improve their bookkeeping and accounting skills, and take charge of their business finance. Whether you're a beginner or an experienced user, this course is tailored to provide practical insights and useful tips and tricks to help you make the most out of Xero's features and functionalities. If you're looking to expand your knowledge and skills in Xero, this course is perfect for you. This course is straight to the point with no filler or fluff, just relevant knowledge.