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- Understanding what you can do with Xero – how you can use its many features – can enhance the productivity of your business and give you a clearer idea of exactly what is going on within it.
- Customer Reviews, including Product Star Ratings, help customers to learn more about the product and decide whether it is the right product for them.
- Easy to use and deceptively powerful, Xero is so much more than a spreadsheet – it can help you streamline reporting; manage inventory; simplify accounts; and organise suppliers, customers and more.
- You’ll learn how to automatically import and code bank transactions, set up accounts, customers, and suppliers, synchronise data, and generate reports that give you the information you need to manage your business more effectively.
You should also hold onto the proof of purchase if you plan to claim that expense as a tax deduction. Or you can automate the task so all the debits from your business bank account stream into your bookkeeping software. Xero is fast emerging as the leader of online accounting software around the world, representing a serious challenge to MYOB, Sage and Quickbooks. Xero For Dummies provides you with all the information you need to set up your own Xero account from scratch, convert to Xero from another accounting software provider or start using Xero to its full potential.
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Bookkeepers often allow you to choose different service levels depending on your budget. That means you can start out with basic bookkeeping at a modest cost and ladder up to more advanced services as your business grows. Professional bookkeepers also provide other services, like helping with financial reports (profit-and-loss, balance sheet, cash flow report), and measuring business performance. You might do bank reconciliation daily, weekly, monthly, or less often, depending on the number of transactions going through your business. However, you will probably be required to reconcile your books before submitting tax returns at the very least. Need to get the most out of the world’s simplest accounting software?
You can access Xero whenever and wherever you can access the internet — while waiting for a meeting to start, or at a mining site hundreds of miles away from your office. Pre-order the book, or if you are in Australia, use the iTunes link to download an electronic copy.
Accounting software
Customers have mixed opinions about the readability of the book, with some finding it readable while others report issues with illegible screenshots, faint figures and instructions, and text that is too small to read comfortably. On the left side of the dashboard are business accounts for banks, credit cards and online gateways that have been set up in Xero. Xero is easy to use, however we still get numerous requests from customers for a Xero ‘manual’. We know that everyone learns differently and while we offer video tutorials, webinars, comprehensive help, even training partners for personal assistance, some people prefer to reference a printed book. You should consult your own professional advisors xero guide for dummies for advice directly relating to your business or before taking action in relation to any of the content provided.
Xero For Dummies is the quick and easy way to master the world’s simplest accounting software. This course is for small business owners, accountants, and bookkeepers who are starting to use Xero for the first time. You’ll learn how to set up and use Xero effectively, streamlining regular bookkeeping tasks to save time and stay on top of your finances. Heather Smith FCA, FCCA, FICB, is obsessed with how effective automation and integration can unlock and produce timely, clean data, to generate information for fast, informed analysis and decision making. She sits at the intersection of accounting, education and content creation; running a virtual management accounting practice, producing the Accounting Apps newsletter, and hosting the Cloud Stories podcast.
Table of Contents
Complete these lessons to record business transactions and maintain your financial data regularly. Complete these lessons to learn how to customise and complete essential settings to get you started on Xero correctly from the outset. Xero For Dummies is a perfect gift for friends and family – even those who haven’t yet made the switch to online accounting. We’re sure that many people will love having this resource to help them up-skill and learn about Xero.
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- Xero’s cloud-based single-ledger accounting system is user-friendly and efficient, but expert guidance will help you get the absolute most out of the software’s features and functionality.
- This new third edition includes coverage of the newest features, including updates on payroll, purchase orders, reporting and inventory so you can optimise your system to help your business thrive.
- You can learn more in our guide on how to do bank reconciliation.
- The Author, Heather Smith, is a writer, speaker and advisor on all topics small business.
With more than 250 million books in print and more than 1,800 titles, For Dummies is the most widely recognized and highly regarded reference series in the world. Their educational books are written with a fun, practical approach and I’m sure many of us have read one at some stage. We’re thrilled to to be involved with Xero For Dummies and know it will be a great way for people to learn about Xero and accounting software in the cloud. This was traditionally done by writing them into a cashbook or punching them into a spreadsheet. Business owners are now more likely to download sales data directly into their books from point-of-sale or invoicing software.
She hosts the Cloud-Stories podcast, writes for XU Magazine, and develops blog content and training videos for businesses within the Xero community. Heather is a consultant providing guidance on Xero set-up, conversion, training and integration, and she offers accounting support to businesses globally. We’re excited to announce that the first Xero For Dummies e-book is available in Australia and will be progressively rolled out to other regions.
From setting up your accounting system through to more detailed operational usage, this book contains tried-and-tested techniques that will help you optimise revenue, profits, and cash flow. Xero can streamline your accounting process and help you be a better manager — to wield it effectively, Xero For Dummies is the complete, informative guide you need. The Author, Heather Smith, is a writer, speaker and advisor on all topics small business. She is a Xero Certified Advisor and Chartered Certified Accountant. Understanding what you can do with Xero – how you can use its many features – can enhance the productivity of your business and give you a clearer idea of exactly what is going on within it.
Xero for Dummies (For Dummies (Business & Personal Finance)) 1st Edition
This new third edition includes coverage of the newest features, including updates on payroll, purchase orders, reporting and inventory so you can optimise your system to help your business thrive. You didn’t start your business in order to become an accountant, but bookkeeping is critically important to the short- and long-term health of your company. Xero simplifies the process and saves you time, and Xero For Dummies helps you leverage every feature Xero has to offer. Inside this new edition, you get coverage of the newest features, including updates on generating reports, working with fixed assets and managing contacts, sales and payables so you can optimise your system to help your business thrive. Easy to use and deceptively powerful, Xero is so much more than a spreadsheet – it can help you streamline reporting; manage inventory; simplify accounts; and organise suppliers, customers and more. Their completely cloud-based single ledger system allows business owners to monitor their financial position in real time, and eliminates the need for endless data entry, backups, and software upgrades.
The sooner you reconcile transactions, the sooner errors can be found and corrected. It’s better to do it often – even daily – so the work doesn’t pile up. You can learn more in our guide on how to do bank reconciliation. The two most important tasks in accurate small business bookkeeping are recording and reconciliation. Customers have mixed experiences with the instructions in the book, with some finding them helpful while others report receiving no useful guidance.
Heather Smith is an accounting consultant who specialises in management report development, data detox, and cloud suitability scoping services. Heather remotely assists global businesses advising on process automation and maximising integrated data opportunities. A business and tech writer, Heather hosts the popular Cloud Stories podcast. Filled with real-world scenarios that shows how you can use Xero every day in your business, Xero For Dummies can help you get your paperwork done quickly, so you can spend your valuable time running your business.
Completely cloud-based, it lets small business owners monitor their finances in real time and promises to reduce the need for endless back-ups, data entry and software upgrades. Xero’s cloud-based single-ledger accounting system is user-friendly and efficient, but expert guidance will help you get the absolute most out of the software’s features and functionality. This book shows you every nook and cranny, with screenshots and best practices, so you can let Xero handle the books while you focus on running your business. When it comes to balancing the books, small business owners and entrepreneurs need all the help they can get.
