Course Description

Xero Online Computerised Accounts course is about how to use Xero based on the most popular functions which you as a Xero operator needs to know how to use, in order to be proficient in using the software.

The learning is structured in a practical way. You are given a practical scenario assignment. There are various tasks to complete. You are given the task to do and have a go at, and then the video answer is available. It is suggested that you:

  1. Read the task
  2. Watch the video
  3. Have a go at it yourself on your own system
  4. Rewatch the video (if necessary) - to reinforce the learning

You’ll learn how to set up the Xero system from scratch, how to enter opening balances, post customer invoices and credit notes, post supplier bills and credit notes, pay suppliers, petty cash, prepare a VAT return, reconcile the bank, post journals, run reports amongst over things.

This is a useful course if:

  • You are thinking of working with the software,
  • You are going for jobs which have a requirement for you to be able to use this software
  • You want to put this skill on your CV, or
  • You are a bookkeeper or accountant and will be using this for clients or even
  • You run your own business and want to know how to use Xero for yourself.

You will be given free access to Xero for 28 days - (allow 24 hours for the trial to be activated). Preferably, the course needs to be completed within the 28 day trial window (so that the software still works, as you have a go at the assigned tasks)..

The course materials includes the handout of the assignment task.

Successful completion of the course is the equivalent to being at the level of having a level 2 certificate in computerised accounts.

The course will take about 3-4 hours to complete.

Serial author and entrepreneur

Lisa Newton

Lisa Newton BA MSc FMAAT has a masters degree in Investment Management and a first class honours degree in Accounting with Marketing. She formed her first company in 2004 with £150 in the same month of graduating from City University, London UK. Lisa has never had a full time 9 to 5 job in her life. She's a serial entrepreneur and author who holds directorships in various industries including telecoms, software, hair & beauty as well as finance. She has won various awards in Business including: Young Entrepreneur of the Year Award 2007 and in 2008 Enterprising Business Award and has been nominated and shortlisted in numerous others. In 2011 and in 2012 one of her companies won Best Accounting Franchisor Award. Lisa's books include: How to write a book in two weeks, Constant Cashflow, Make the most of your money, How to start your own bookkeeping business, Cosmic ordering with Vision Boards and Quickbooks Online The Handbook. Some of the books are in audio-format on itunes and audible. Lisa supports the charity The MS Society. A speaker, coach, consultant and an avid networker, Lisa enjoys meeting people and working on projects with like-minded individuals. In her spare time, Lisa likes traveling, dancing salsa, writing books, learning languages, meditation and cosmic ordering.

Course curriculum

  • 1

    New Chapter

    • Total Photo Course Material

    • Task 1.1 Enter Opening Balances

    • Task 1.2 Opening Trial Balances

    • Task 2.1 Reverse opening accrual and prepayment

    • Task 2.2 Report of Journals

    • Task 3.1 Amend nominal ledger

    • Task 3.2 Report Listing Nominal Ledger

    • Task 4.1 Enter Customers

    • Task 4.2 Report Customer Info

    • Task 4.3 Enter Supplier

    • Task 5.1 Post Customer Invoices

    • Task 5.2 Post Credit Notes

    • Task 5.3 and 5.4 Aged Debtors

    • Task 6. Supplier Invoices

    • Task 6.2 Enter Supplier Credit Notes

    • Task 6.3 and 6.4 Supplier Account Activity

    • Task 7.1 Enter Supplier Cheques

    • Task 7.2 Supplier Payment Reports

    • Task 7.3 Reciepts from Customers

    • Task 7.4 Report Showing Custoer Receipts

    • Task 8.1 Petty Cash Account

    • Task 8.2 Report of payments into petty cash

    • Task 8.3 & 8.4 Cash Payment and Report

    • Task 9. Post Sundry Payments

    • Task 10. VAT

    • Task 11. Reconciling the Bank

    • Task 11.2 Moving everything to main bank account

    • Task 11.3 Reconciling the Bank - Part 3

    • Task 11.4 the uncleared Items

    • Task 12. Post the Wages Journal

    • Task 13.1 Journals and Reports

    • Task 13.2 Trading P&L

    • TAsk 13.3 Balance Sheet

    • Task 13.4 Trial Balance

    • Task 13.5 Minor Error Correction

    • Concluding lecture and next steps