Learn how to use Xero’s cloud-based accounting software to manage your business’ finances in this free online course. If you want to begin a career in accounting or bookkeeping, this Xero accounting tutorial offers a good starting point as the software is ideal for small and medium-sized businesses because of its cloud-based functions and ability to allocate resources and fulfil other vital financial obligations. We go through the essentials of Xero and explain features like its balance sheet, chart of accounts, VAT and CIS return and bank reconciliation.
| College | Alison |
| Course ID | 188635 |
| Course Type | Online Learning |
| Course Qualification | CPD Certificate |
| Course Duration | 3-4 hours |
| Course Fee | Free |
| Entry Requirements | Like all courses on the Alison Free Learning platform this is a free, CPD-accredited course. A Graduate can choose to buy a certificate or diploma upon successful completion of a course, but this is not required or necessary. At Alison we believe that free education, more than anything, has the power to break through boundaries and transform lives. Alison is the world’s largest free online empowerment platform for education and skills training, offering over 5000 CPD accredited courses and a range of impactful career development tools. It is a for-profit social enterprise dedicated to making it possible for anyone, to study anything, anywhere, at any time, for free online, at any subject level. Through our mission, we are a catalyst for positive social change, creating opportunity, prosperity, and equality for everyone. |
| Career Path | 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 |
| Course Code | 5218 |
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