This course introduces you to key financial reports in Xero, including Profit and Loss, Balance Sheet, and Aged Payables and Receivables reports, to help monitor business performance, understand financial position, and track outstanding payments.
This course introduces you to key financial reports in Xero, including Profit and Loss, Balance Sheet, and Aged Payables and Receivables reports, to help monitor business performance, understand financial position, and track outstanding payments.
Introduces trainees to basic Australian GST rules, including GST-inclusive, GST-exclusive, GST-free and input-taxed transactions, and how to extract relevant reports in Xero to support BAS preparation and compliance.
This module builds on foundational bookkeeping and reconciliation skills by teaching team members how to manage end-to-end Accounts Payable (AP) and Accounts Receivable (AR) processes using Xero.
Bank reconciliation in Xero is one of the most important daily/weekly tasks for Virtual Assistants and bookkeepers. It ensures that the bank account records in Xero match the actual bank statements. This process helps detect errors, missing entries, or fraudulent transactions, while also maintaining compliance with ATO requirements.
This topic introduces trainees to the Xero platform interface and the essential tools they will use on a daily basis as Virtual Assistants providing bookkeeping support. The goal is to build confidence in navigating the system, understanding how data flows through Xero (via bank feeds, contacts, invoices, and bills), and preparing them for more complex reconciliation and reporting tasks. A solid grasp of navigation ensures efficiency, reduces errors, and builds a strong foundation for all subsequent bookkeeping activities.
Introduces trainees to basic Australian GST rules, including GST-inclusive, GST-exclusive, GST-free and input-taxed transactions, and how to extract relevant reports in Xero to support BAS preparation and compliance.
