Ensure stress-free and timely accounting for your business by leveraging all the important capabilities of Xero
Key Features
- Get well-versed with the latest features of Xero and have the confidence to manage all your bookkeeping tasks with ease
- Become proficient in using Xero and implement best practices to avoid costly errors
- Learn the techniques for recording the data and using them efficiently
Book Description
Xero allows business owners to understand their business and its results and to collaborate with their accountants and tax professionals. This book will go beyond the basics and explore the more advanced Xero features, techniques for managing sales taxes, and budgeting and reporting best practices.
You will begin by diving right into Xero, setting up a bank feed, and seeing the power of Xero while experiencing just how easy it is to use. You will learn the proper setup of Xero to ensure success in each of your transactions. You will know what a Spend Money or Receive Money is as well as easily send invoices and collect receivables or payments, collect and pay bills and even track your business's assets. Towards the end, you will produce powerful reports, giving you the keys to running or advising any business.
By the end of the book, you will have 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 setup 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 well-informed, timely business decisions and become a better business owner or advisor
Who This Book Is For
This book is for small 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, you should have a prior understanding of basic bookkeeping and accounting principles.
Table of Contents
- Xero Basics - SuXero Basics - Subscriptions and when to use eachbscriptions and when to use each
- 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
