Learning Outcomes

In this free course, you will learn how to:

• Explain how to register and set up the account on the Xero platform
• Lay out the steps for setting up customers and suppliers
• Describe how to add, import and creating invoices
• Outline how to add a ‘bank’ and ‘petty cash’ account
• Explain how to use Xero to manage financial transactions, receipts and accounts reconciliation
• Discuss how to set up payroll and monthly wages and post the monthly journal
• Describe how to fill out VAT and CIS returns
• Summarise how to manage accrual, prepayments and deferred income in Xero
• Discuss Xero’s ability to handle depreciation, report management and budgeting 
• Explain how to prepare the cash flow, add payment services and how bank rules work in Xero
• Outline the procedure for adding multiple currencies
• Identify the available Xero features that let you correct an error