Xero Accounting Training

Course Start Date

Xero Accounting Training Course

Xero Accounting Training Course – Basic and Intermediate level

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.

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.

Duration: 2 Days

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

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

Key Features

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  • 100% payable using SkillsFuture Credit
  • Updated Course Modules
  • Hands-on training Led by Expert Trainer
  • Certificate of Achievement After Completion
  • One Time Free Refresh Class within 6 Month
Skillsfuture Xero Accounting Software Training

Xero accounting software Traning  Training on Accounting Using Xero Software

 Level: Basic (1-day, 9:30-5:30):

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

 Level: Intermediate (1-day, 9:30-5:30)

Module 1 - How to set up and manage a chart of accounts in Xero

  • Adding General Ledger Accounts
  • Importing Charts of Accounts

Module 2 - How to bring in account balances when converting to Xero

  • Setting the Conversion Date
  • Bank Accounts Conversion Balances
  • Accounts Receivable Conversion Balance
  • Accounts Payable Conversion Balance
  • Other Accounts Conversion Balances
  • Comparative Balances

Module 3 - How to set up and use tracking categories

  • Creating, Managing and Using Tracking Categories

Module 4 - How to manage expense claims

  • Submitting a Claim
  • Approving and Paying Claims

Module 5 - How to use products and services (inventory) in Xero

  • Adding Services
  • Adding Untracked Products
  • Adding Tracked Products
  • Importing Products and Services
  • Importing Inventory Opening Balances
  • Inventory Adjustments

Module 6 - How to process manual journals

  • Posting Journals
  • Auto-Reversing Journals
  • Repeating Journals
  • Importing Journals

Module 7 - How to set up and manage a fixed asset register in Xero

  • Adding Assets Owned Before Xero Conversion Date
  • Running Depreciation
  • Adding Assets from Bank Transactions
  • Adding Assets from Spend Money Transactions
  • Fixed Assets Reports

Module 8. Budget Manager

  • Create/Import Budgets
  • Edit/Delete Budgets
  • Prepare cashflow forecast
  • Budget Summary Report
  • Budget Variance Reports
  • Export Budgets

Module 9. End-of-Period Closing

  • Month-End Closing entry
  • Year-End Closing Entry

Module 10. Advanced Xero Functions

  • Inventory Adjustments
  • Setting up Multiple Currency and handling Transaction
  • Case Study and Exercises

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