Mastering Sales & Receivables in Xero

What You'll Learn

In this course, you will learn how to manage the full Sales and Receivables Cycle in Xero with confidence. We will begin with Recording sales invoices and customer payments, showing not only how to enter them in Xero but also how each step impacts your financial accounts. You will see how sales feed into the profit and loss, receivables balances appear on the balance sheet, and how proper posting keeps your records accurate.

As you progress, you will gain Practical experience in reconciling sales transactions, matching payments, and working with cheques, including how to deal with situations where a cheque bounces. The course will also guide you through reviewing sales activity, analyzing customer invoice history, and using reports to monitor performance and outstanding balances.

You will also learn how to handle more advanced situations such as managing bad debts, setting up bad debt codes, and posting the correct adjustments when invoices cannot be recovered. In addition, we will cover how to issue credit notes, process refunds, and correctly account for deferred or advanced income so your financial statements remain accurate.

By the end of the course, you will be able to use Xero not only to process sales but also to understand the accounting impact of each transaction. You will feel confident in reviewing aged receivables, managing customer accounts, and ensuring your sales records reflect the true financial position of the business.