Xero Accounting and Bookkeeping Level 3

Course details

Are you interested in taking on the challenge of starting your own business? Our Xero Accounting and Payroll course will teach you how to manage your ledger, costs, expenses, and balance sheets.

Xero is a real-time, automatic cloud-based accounting software that keeps track of all the money coming in and out of your business. Employee salary and financial records are managed using payroll management software.

Learning how to use the tools listed will help you run your business more efficiently. Anyone interested in a career in retail or financial management will be able to benefit from the bundle.

The Xero Accounting and Payroll Course covers the following:

• Various standard functions using Xero software
• Post-Petty cash transactions
• How to enter the opening balances
• Gain insights on how to prepare the vat return
• Enter the supplier cheques and record the customer receipts
• Post customer invoices and credit notes 
• How to post supplier invoices and credit notes to the purchase ledger
• Post adjustments to the accounts and produce month-end reports

 
Learning Benefits of studying The Xero Accounting and Payroll Course:

• Be able to sign up your business to Xero and set up your initial settings
• Be able to pay your employees from Xero with its excellent payroll system
• Get going quickly with invoices, bills, bank accounts, fixed assets
• Be able to find out how to create and check your VAT returns before lodging them manually or digitally

Why study Xero Accounting and Payroll?

Learn to use a cloud-based accounting software platform that is designed for small and medium-sized businesses with the Xero Accounting and Bookkeeping Diploma Level 3 course.
Xero is online accounting software that connects you to accountants and bookkeepers, your bank, and a huge range of business services. Xero provides various types of services such as

• Creating invoicing and quotes– Using Xero, you can create professional recurring invoices and receive updates when they’re opened.
• Bank reconciliation – The software can import and categorize your latest banking, credit card, and PayPal transactions.
• Inventory – You can easily control your stock using Xero’s inventory software where you can see how much profit you are making and use this information to make the right decisions about what to order and how to price it.
• Pay your employees – You will be able to calculate the payroll, pay employees and manage payroll taxes.
• Pay bills – Manage cash flow by scheduling payments along with monitoring personal expenses.
• Purchase orders – Can create a purchase order or can easily convert one to an invoice.

The course covers all the procedures of using Xero software for the above mention purpose. The course adopts a practical approach to teaching. After the basic information, you will be given a task that you need to solve using Xero software. You can rewatch the video tutorial for reinforcing your learning. The answer will be provided further with an explanation in the video. In this way, you will be better acquainted with the software and its use.

By the end of the course, you will be able to use the software professionally and in the office setting.


Key features of the course:

• Lifetime access to the course
• No hidden fees, only pay the price of the course which includes exam fees.
• Recognized qualification upon successful completion of the course
• Study from anywhere, anytime, whenever it is convenient for you.
• Affordable and engaging e-learning study materials
• Study at your own pace from tablet, PC, or smartphone
• Online tutor support when you are in need

Course curriculum:

Getting Prepared - Access the software and course materials:

• Introduction To The Course And Your Tutor
• Activating Your Free Trial With Xero

Getting started:

• Signing Up For The Free Trial
• Create The Organisation
• The Fictitious Scenario

Setting up the system:

• Add Bank Accounts To The System
• Opening Trial Balance

Nominal ledger:

• Amend The Nominal Ledger
• Chart Of Accounts Report

Customers & Suppliers

• Enter customers
• Entering suppliers
• Reporting Customer And Supplier Information

Sales ledger:

• Enter Invoices
• Invoicing tips – adding logo, repeat billing
• Entering Invoices 6574 to 6610
• Post Credit Notes
• Report Showing Customer Activity
• Aged Debtors

Suppliers:

• Post supplier invoices
• Enter suppliers invoice 6028 onwards
• Enter More Supplier Invoices No 4308 Onwards
• Credit Notes Suppliers
• Supplier Activity Report
• Aged Creditors Info

Purchases ledger:

• Receipts from Customers
• Apply for Customer Credit Notes

Sundry payments:

• Post Supplier Cheques
• Apply Supplier Credit Notes
• Print List Of Bank Receipts And Payments

Sundry payments:

• Post Sundry Payments
• Make a credit card payment

Petty Cash:

• Add Petty Cash Transactions – Week 1
• Add Petty Cash Transactions – Week 2
• Add Petty Cash Transactions – Week 3
• Add Petty Cash Transactions – Week 4
• Imprest System on Petty Cash
• Print a Copy of Petty Cash Receipts and Payments

Bad Debt:

• Writing Off A Bad Debt – Print Customer Statement
• Write Off A Bad Debt

Credit Card:

• Reconcile The Credit Card Statement

Bank Reconciliation:

• Bank Statement As A CSV File
• Bank Statement Closing Balances
• Reconcile The Petty Cash

Payroll / Wages:

• Wages And Salaries
• Post the Wages Journal
• Report Wages Journal
• Payday
• Pay The Two Staff

VAT - Value Added Tax:

• Depreciation
• VAT Return

Reports:

• Month End Reports PnL, BS, TB

Payroll unit

• Using Payroll
• Setting Up Employees
• Running Payroll – An Example

Conclude:

• Recap And Next Steps
• What happens next

Course Certification:

• Order Your Certificate

Updated on 08 December, 2023