5 Free Xero Training Tutorials

Have a current view of your finances with your bank transactions flowing into Xero automatically. Xero offers apps with a wide range of functionalities from cash flow forecasting, to document management, and many more. If you are transferring payroll from another system in the middle of the financial year – don’t forget to add the opening balances. Another benefit of regular reconciliation is that you’ll be able to use Xero add-on apps much more easily, as your data will be up-to-date. To edit an account, select the account from the chart of accounts that you wish to edit, as shown below. Then, update the information and click the Save button to update the data.

Set up your small business in Xero

1. The payroll overview is a comprehensive guide to take you through each step of the setup.
2. You can also upload a logo and specify your line of business and organization type.
3. We recommend working with your accountant to bring account balances from your old system into Xero as conversion balances.
4. When you import a chart of accounts into Xero, it replaces the existing categories exactly as per the import file.
5. Once you have completed this course, you have the option to acquire an official Diploma, which is a great way to share your achievement with the world.

Discover the career most suitable for you and get started in the field with a step-by-step plan. Danielle Bauter is a writer for the Accounting division of Fit Small Business. She has owned Check Yourself, a bookkeeping and payroll service that specializes in small business, for over twenty years. She holds a Bachelor’s degree from UCLA and has served on the Board of the National Association of Women Business Owners.

How To Use Xero in 13 Easy Steps

Invite your accountant or bookkeeper to work with you in Xero and you’ll be across the same up-to-date figures. Using Xero’s wide range of apps and add ons is a great way to streamline repetitive processes and save yourself some time. The payroll overview is hold definition a comprehensive guide to take you through each step of the setup. You should reconcile weekly, if not daily, to ensure that your accounts are as accurate as possible. Here are 13 steps to get you started using Xero to get a better handle on your finances.

Step 3: View and Modify Your Chart of Accounts

Complete these lessons to record business transactions and maintain your financial data regularly. Our dedicated Learning Advisors are here to help you curate a customised learning path tailored to your organisation’s needs and goals. Once you have specified the user role and permissions, you can add a personal message if you like, and then click the green Send Invite button at the bottom right. You’ll find that these tutorials are much more useful if you have a copy of Xero open in front of you so that you can follow along with your own data. Access Xero features for 30 days, then decide which plan best suits your business.

Add new users at no extra charge

The first step to learning how Xero works is to watch the ‘Xero Dashboard’ video, which can be found in the top left corner of your Xero dashboard. This page is used by your activity to communicate with the learning platform. Please be sure to close all activity windows before closing or navigating away from this page. Attend a live webinar to meet a member of the Xero team, ask questions and connect with other small businesses, or watch a recorded session in your own time.

Set up payroll

Learn how to set up your Xero organisation to get the most out of Xero from the start. To successfully complete this course and become an Alison Graduate, you need to achieve 80% or higher in each course assessment. Once you have completed this course, you have the option to acquire an official Diploma, which is a great way to share your achievement with the world. Sign up to receive more well-researched small business articles and topics in your inbox, personalized for you.

You can add, customise, or delete these accounts to match the needs of your business. If you are switching from another accounting software, then you can import your chart of accounts into Xero, or modify the default chart of accounts. You can also import your contacts—both customers and suppliers—into Xero. Imported contacts are categorized automatically into the All contact group when first created. Once you’ve entered an invoice, bill, or credit note transaction for a contact, Xero will assign them into a Customers or Suppliers contact group. It isn’t possible to move contacts between the default groups manually, but you can create a new contact group besides Customers and Suppliers.

If you don’t want to make changes to an account and want it to remain in the company, keep it in the import file. If you delete the account from the file, Xero will archive the account when the files are imported. Xero accounting software is popular worldwide as it offers small to medium companies reliable bookkeeping and financial planning stationery is an asset or an expense capabilities. It is hosted in the cloud and simplifies the process of managing payroll and meeting your fiduciary responsibilities to stakeholders. Xero allows you to add unlimited users and accountants to your company, free of charge. Once you invite a user, they will be sent an invitation that they need to accept or decline.

We offer the most in-demand accounting skills taught by people at the top of their fields. Sign up to learn how to use Xero’s cloud-based accounting software and its many features to handle your finances and simplify bookkeeping. When you import a chart of accounts into Xero, it replaces the existing categories exactly as per the import file.

You can also upload a logo and specify your line of business and organization type. Whether you’re new to Xero or could benefit from a more in-depth understanding of the software, we have five tutorials that will help you. Each Xero tutorial includes an in-depth lesson, complete with text and images..

She also regularly writes about business for various consumer publications. We recommend working with your accountant to bring account balances from your old system into Xero as conversion balances. Prepare to run payroll for the first time by setting up your organisation and your employees in Xero. If your business has employees, payroll in Xero makes it easy to keep pay records and get pay runs sorted.

Give your business partners and admin staff access to Xero to keep them informed and to share the workload. This function allows you to keep payroll costs in one place rather than having to pull in information from a separate system.

Setting up payment reminders and organising your credit control systems can help you to get paid faster. If you have a limited company, ensure that you have a registration number and registered office address. Complete these lessons to learn how to customise and complete accrued revenues essential settings to get you started on Xero correctly from the outset. This course is for small business owners who are starting to use Xero for the first time. You’ll learn how to set up and use Xero effectively to streamline your regular bookkeeping tasks.

Finally, if you work with one, ask your accountant to check your set up. They may need to add year-end conversion balances and can ensure that your year-to-date figures are as expected. You also need to link to any active payment services to your Xero account. With a larger variety of payment options, it is easier for customers to pay you. Just a few minutes a week spent approving pre-matched items ensures your data is up to date. As Xero is connected to your bank, transactions are pulled through automatically.