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EncartaLabs

Accounting using Xero

( Duration: 2 Days )

The Accounting using Xero training course aims to provide an overview of the accounting knowledge and essentials to assist the managers, executives and founders in your 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 learn how to use Xero to perform basic accounting to aid decision making.

By attending Accounting using Xero workshop, delegates will learn:

  • 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]

  • Basic accounting knowledge will be useful
The Accounting using Xero class is ideal for:
  • Business owners
  • Accountants
  • Xero users
  • Administrators

COURSE AGENDA

1

Basics of Accounting

  • What is accounting?
  • Bookkeeping
  • Financial accounting
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
3

Managerial Accounting

  • Product costing
  • Break even
  • Budgets
  • Real life examples of managerial accounting
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
5

Set Up a bank account

  • Create a bank account + bank feed setup
  • Import data into the bank account
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
7

Expenses

  • Purchase Order / Bill
  • Claim Expense
8

Tax

  • Setting up the tax
  • View the tax report
9

Reports

  • All Reports
  • Popular Reports
  • Running Reports
10

Other Tasks

  • Manager Users
  • Connected Apps
  • Help & Resources

Encarta Labs Advantage

  • One Stop Corporate Training Solution Providers for over 6,000 various courses on a variety of subjects
  • All courses are delivered by Industry Veterans
  • Get jumpstarted from newbie to production ready in a matter of few days
  • Trained more than 50,000 Corporate executives across the Globe
  • All our trainings are conducted in workshop mode with more focus on hands-on sessions

View our other course offerings by visiting https://www.encartalabs.com/course-catalogue-all.php

Contact us for delivering this course as a public/open-house workshop/online training for a group of 10+ candidates.

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