book

Xero For Dummies, 4th Edition

by Heather Smith

May 2019

Beginner to intermediate

472 pages

11h 59m

English

For Dummies

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About This BookFoolish AssumptionsIcons Used in This BookBeyond the BookWhere to Go from Here
Understanding the Advantages of XeroExploring Xero’s Different EditionsHomepage: Checking Out the DashboardUnderstanding Your Team’s NeedsIntegrating Xero into Your Strategic PlanningTaking Advantage of Support OptionsUsing Xero in a Training Environment
Preparing for Set-UpSigning Up for XeroUnderstanding Bookkeeping BasicsSetting Up Your Chart of AccountsPutting Your Accounts into PracticeAdding Ways to Get PaidTax Rates
Preparing to Import Data from a Non-Accounting ProgramGetting Ready to Convert from an Accounting ProgramImporting Data into XeroTurning Off Your Old System
Tools of the Trade: Understanding the DashboardSetting Up UsersTaking Advantage of Live Bank FeedsManually Importing StatementsBank RulesUsing File Storage and the Xero Inbox
Setting Up CustomersSetting Up SuppliersConnecting Your Email Account to Your ContactsTweaking Your Contacts after Set-UpSetting Up EmployeesUtilising Smart Lists CRM functionality

Navigating the Sales DashboardMastering Basic Invoice FunctionsMastering More Advanced Invoice FunctionsRecording PaymentsTaking Advantage of Email TemplatesFollowing Up on Outstanding Debtors
Navigating the Purchases DashboardManaging Your Supplier BillsMaking PaymentsMastering Other Payment ConsiderationsEntering Expense ClaimsUnderstanding Xero Expenses Functionality
Preparing to ReconcileAutomagically Reconciling AccountsTweaking Transactions to ReconcileTaking Advantage of Cash CodingViewing Bank StatementsViewing Account TransactionsUsing the Spend Money and Receive Money OptionsFixing ErrorsWhat Happens in Life Happens in Xero
Understanding the Reports Available in XeroCustomising ReportsUnderstanding Xero’s Different Reporting OptionsExporting ReportsAccessing Management Reports
Confirming Accounts are CompleteReconciling Bank Accounts, Credit Card and Online Payment Gateway AccountsReconciling Your Clearing AccountsReconciling Your Consumer Tax Control AccountReviewing Your Business InformationReporting to Your Tax AuthorityTaking Advantage of Xero’s Budget FunctionsSetting a Period Lock Date
Getting Ready for the End of the Financial YearPreparing Accounts for Your Tax AccountantHelping with Tax Accountant TasksSpecial Considerations
Identifying Key MetricsGenerating Useful InformationUnderstanding Xero’s Tracking OptionsMaintaining Budget Control: Budget ManagerExploring Xero Projects
Understanding Inventory ItemsSetting Up a Xero Inventory ItemManaging Inventory ItemsAdjusting Inventory BalancesAccessing Cloud-Based App Solutions
Recognising Fixed AssetsAccessing Fixed Asset Reports
Setting Up Multi-Currency in XeroProcessing Multi-Currency Transactions in XeroConversion Balances and Multi-Currency Bank AccountsViewing Reports in Foreign Currency
Working with Xero to Xero NetworksUnderstanding the Benefits and Risks of Cloud App SolutionsMaking Use of Online Cloud Integration SpecialistsGetting a Feel for Available SolutionsLooking at Custom Integration
Embrace the CloudMake Use of Networking TechnologyExport Data to Create GraphsSet up Bank Feeds and Reconcile RegularlyUse the Batch Payments FeatureKeep Bank Accounts for Business UseEmbrace ChangeUse Tracking to Sharpen ReportingTake Advantage of Repeating Bills and InvoicesCollaborate with Your Xero Advisory TeamEffectively Tap into Online Storage Features
Not Making Use of Expert HelpNot Understanding Terminology DifferencesMessing Up Bank Reconciliation AutosuggestionsUsing a Communal User AccountNot Deleting Old User AccountsThinking Your Xero Emails Are StoredNot Realising the Subscriber Owns and Controls the DataTrying to Make Xero Do What Your Old System DidWatching Your Bank Feeds RefreshPaying Full Price If You’re a NFP

Content preview from Xero For Dummies, 4th Edition

About the Author

Heather Smith

Heather creates and delivers compelling educational and technical content about cloud app tools and solutions that resonate with the cloud accounting and bookkeeping businesses community.

Using her superpower of ‘explanation’, she’s educated and provided support to over 1 million people, via her:

Speaking roles, including panel participation, facilitation and presentations
Instructional YouTube channel
Newsletter, where she shares curated content, news and events from the cloud apps community (heathersmithsmallbusiness.com/newsletter/)
Cloud Stories podcast, which explores the stories behind the people who build or use cloud apps that extend the capability of online accounting software (heathersmithsmallbusiness.com/podcast/)
Mastermind community, which shares efficient automation, integration and business process workflow solutions for leveraging cloud apps (www.facebook.com/groups/XeroMasterMind/)
Cloud Advisers meetups, showcasing cloud apps that extend the capability of online accounting software (heathersmithsmallbusiness.com/meetup/)

Heather is also a Chartered Accountant, a fellow of the Association of Chartered Certified Accountants and a fellow of the Institute of Certified Bookkeepers (ICB), and she holds a bachelor of commerce degree. This is her ninth business book.

In the noughties she created a global virtual consultancy firm focused on providing management report development, data detox, cloud suitability scoping services, online ...