Xero Accounting Software Training

Course Start Date

Xero Accounting Software Training

Duration: 1 Days

Venue: 10 Anson Road, 26-08A International Plaza, Singapore 079903

About Course: Learn how to manage Accounts using Xero Accounting Software. You will learn how to navigate Xero software and how to setup a new company in Xero.

Claim $500 from Skillsfuture Credit!

After this course you will be having knowledge of how to set up chart of accounts, new bank accounts, beginning balances of accounts using this Xero cloud-based system and you will appreciate the benefits of using cloud-based accounting software anytime, anywhere and in almost any devices.

Target Student: All accounting professional, Business owners, Admin and anyone who is related to accounts.

Xero accounting software Traning  Xero Accounting Software Course Outline

Basic Level (1-day, 9:30-5:00)

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

Intermediate Level (9:30-5:00)

Module 1. Fixed Assets

  • Create the Asset Category such as Plant and Equipment, Office Equipment or Furniture Fittings
  • Make the depreciation to run automatically and reflect in the Profit & Loss Account
  • Make the Accumulation to run automatically and present in Balance Sheet
  • Fixed Assets Report

Module 2. Inventory System

  • Create Items of Inventory
  • Input the Account Code for Cost of Material and the selling price in XERO
  • How to make adjustment to increase of reduce stock or write off obsolete stock
  • Types of Inventory Report

Module 3. Payroll Run

  • How to Set-up the Salary items for overtime or other required deduction or Claim
  • How to Set-up the CPF deduction by %
  • How to Run the Payroll monthly
  • How to generate the Payslip
  • How to email Payslip to Employees directly
  • Payroll Report

Module 4. Budgeting

  • How to Set-up the Budget in XERO system
  • How to extract Budget report from XERO
  • Budget Report

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