Xero Mastery: Basic to Advanced Accounting and Bookkeeping

What You'll Learn

Students will learn how to set up a Company and manage complete day-to-day Bookkeeping Activities, starting from recording Sales and Purchase Invoices to reviewing their impact on Accounts. They will gain hands-on experience in issuing Credit Notes, handling Overpayments and Refunds, processing Bad Debts, managing Cheques and Bounced Cheques, and reviewing Sales and Purchase Transactions. The course also explains Reporting Aspects and how each transaction affects Financial Statements.

Learners will apply the same principles to Foreign Currency Transactions, including creating Foreign Currency Accounts, recording and reconciling Transactions, transferring funds between Base and Foreign Accounts, and understanding Exchange Rate Impacts on accounts and reports.

Students will develop in-depth knowledge of Fixed Assets, covering Fixed Asset Setup, recording and reconciling Asset Transactions, calculating and posting Depreciation, resolving Errors, maintaining a Fixed Asset Register, performing Reconciliations, and generating Fixed Asset Reports.

The course also focuses on Director’s Loan Accounts (DLA), teaching how to record Funds Introduced by Directors, Loans to and from the Company, Director Loan Repayments, and understanding their impact on Company Accounts and Compliance.

In addition, students will master Bank Reconciliation, including Bank Rules, identifying and correcting Reconciliation Errors, splitting Payments, allocating payments to Multiple Invoices, and resolving Complex Reconciliation Issues. They will learn to upload documents using Hubdoc, integrate Auto-Software, upload Multiple Attachments, handle Random Bookkeeping Issues, send User Invites, find and Recode Transactions, Lock Accounting Periods, post Manual Journals, search and Check Transaction History, review Transactions by Account Code, and confidently resolve Bank Reconciliation Errors and other practical Bookkeeping Challenges.