To start with we go through our DIY Bookkeeping knowledge to help you understand the most important aspects of what is important to know about bookkeeping and the accounting and financial aspects of what small business owners need to manage, including:
Charts of Accounts, Tax Codes, Cash Vs. Accrual Accounting Methods, Debits-Credits-Income-Expenses and an introduction to Credit Control.
Then we take a look at the various parts of the software where we need to perform a once of setup so that we can start to use the software to manage a business, including:
Introduction to navigating the Xero Accounting Software and how to access and use the Free Software Trial, setting up the organisational settings, financial settings, invoice settings and users, Chart of Accounts, account balances, default invoice settings and email settings, the dashboard watchlist and how to add a new contact, adding multiple bank/credit card accounts and PayPal accounts to receive credit card payments and then how to manage bank accounts from the Dashboard.