How To Learn Xero Accounting Software Quickly!

By Andrei Besedin

Are you looking for a comprehensive, beginner friendly (non-techie) guide how to use Xero and resolve any problems or challenges you may experience while using this platform?

If you’ve answered YES, keep reading this short guide book…

“How to learn Xero accounting software quickly” provides you with all the information you need to set up your own Xero account from scratch.

Xero is fast emerging software as the leader of online accounting softwares around the world.

Who is this for?

Anybody wanting to learn Xero accounting software - you can go from beginner to knowing your way around in just a day

Small business owners wanting to do their own accounts in Xero

Bookkeepers who want to quickly become familiar with Xero

Throughout the book I share with you my expert knowledge having used Xero for over 7 years.  I also give you advice on how you can improve Xero in your business.

In order to become an accountant, bookkeeping is critically important to the short- and long-term health of your company. This book simplifies the process and saves your time, and it helps you leverage every feature, the Xero has to offer.

We then cover the following sections which every business will benefit from knowing about:

Sales - designing, creating, sending, copying, amending, deleting

Purchases - entering, coding, attaching backup, copying, amending, deleting

Quotes - setting up, creating, sending, accepting, converting to sales invoices

Purchase Orders - creating, sending, converting to purchase invoices

Banking - setting up, linking, reconciling, importing, checking

Reporting - reviewing, printing, downloading

In the book we show you step by step how everything is done in Xero.  After introducing to Xero you, you will then be shown how to setup your Xero account properly before getting started.

• Language: English
• Publisher: Andrei Besedin
• Release date: Aug 23, 2020

Book preview

Author.

What is the Accounting Software?

The basic purpose of using accounting software is to put data and information in the system and get the required data and information out. Accounting systems make people sure that they get paid, get build and get taxed. Essentially it allows user to keep track and execute all the necessary financial functions of the business, company or organization.

Accounting software or financial software is a type of application software that records and processes accounting transactions. Accounting software can be online based which means it can be accessed anywhere with any internet-enabled device or it can be desktop-based.

Why We Use Accounting Software?

Accounting software are used to run a business in a more flexible way. It makes the accounting process faster and helps to keep the track of inventory e.g. good & services, accounting transactions of sales and purchases and shows the profit and loss margin.

on the basis of using accounting software owners can do decision making e.g. how a business is performing, what changes can be made to get a better financial result in the upcoming months or year. Mostly business uses accounting software that matches the complexity of the business not the size. If the user is running a small company with complicated transactions, they may need more comprehensive accounting package.

Modules of Accounting Software:

Some of the core modules of any accounting software that the user might end up using in their position are as follows:

Accounts that are receivable where the organization enters about the money received.

Accounts payable are used to enter the company’s bill, owe and pay money the general ledger a complete record of financial transactions over the life of the company.

Billing section are used where the company produces sale or purchase invoices to the clients and customers.

Stock and Inventory sections are to where the company view or keeps track/control of the inventory.

Purchase order where the company orders more inventory.

Customer reports section is used to records an organization’s customer details, information and history.

All of these modules are very essential and without accounting system it would be difficult for the user to keep track of all the important information and data necessary for day-to-day operations.

An Introduction to Xero Accounting Software:

Xero accounting software is used for small and developing businesses. It provides full support to small businesses to interact with trusted advisor and owners.

This is an online web-based accounting software user can get an easy access from any device with an active internet connection. It improves the relation with the vendors who provides critical product materials for the business by giving the facility of paying online bills, keeping the track of bill that are due.

Xero has the mobile apps which helps to manage personal expenses, approval of receipts, creating invoices, quotes, bills and more