Xero for Dummies, 4th Edition by Smith, Heather -- Read -- Imperial Library of Trantor

Index

Cover Table of Contents Foreword Introduction

About This Book Foolish Assumptions Icons Used in This Book Beyond the Book Where to Go from Here

Part 1: Getting Started with Xero

Chapter 1: Getting to Know Xero

Understanding the Advantages of Xero Exploring Xero’s Different Editions Homepage: Checking Out the Dashboard Understanding Your Team’s Needs Integrating Xero into Your Strategic Planning Taking Advantage of Support Options Using Xero in a Training Environment

Chapter 2: Getting Organised: Setting Up Xero from Scratch

Preparing for Set-Up Signing Up for Xero Understanding Bookkeeping Basics Setting Up Your Chart of Accounts Putting Your Accounts into Practice Adding Ways to Get Paid Tax Rates

Chapter 3: Converting to Xero from Another System

Preparing to Import Data from a Non-Accounting Program Getting Ready to Convert from an Accounting Program Importing Data into Xero Turning Off Your Old System

Chapter 4: Fine-tuning Your Set-Up

Tools of the Trade: Understanding the Dashboard Setting Up Users Taking Advantage of Live Bank Feeds Manually Importing Statements Bank Rules Using File Storage and the Xero Inbox

Part 2: Daily Activities

Chapter 5: Managing Your Contacts

Setting Up Customers Setting Up Suppliers Connecting Your Email Account to Your Contacts Tweaking Your Contacts after Set-Up Setting Up Employees Utilising Smart Lists CRM functionality

Chapter 6: Managing Your Sales

Navigating the Sales Dashboard Mastering Basic Invoice Functions Mastering More Advanced Invoice Functions Recording Payments Taking Advantage of Email Templates Following Up on Outstanding Debtors

Chapter 7: Managing Your Payables

Navigating the Purchases Dashboard Managing Your Supplier Bills Making Payments Mastering Other Payment Considerations Entering Expense Claims Understanding Xero Expenses Functionality

Chapter 8: Reconciling Your Bank Accounts

Preparing to Reconcile Automagically Reconciling Accounts Tweaking Transactions to Reconcile Taking Advantage of Cash Coding Viewing Bank Statements Viewing Account Transactions Using the Spend Money and Receive Money Options Fixing Errors What Happens in Life Happens in Xero

Part 3: Making the Routine, Routine

Chapter 9: Generating Reports

Understanding the Reports Available in Xero Customising Reports Understanding Xero’s Different Reporting Options Exporting Reports Accessing Management Reports

Chapter 10: Mastering Your Weekly and Monthly Tasks

Confirming Accounts are Complete Reconciling Bank Accounts, Credit Card and Online Payment Gateway Accounts Reconciling Your Clearing Accounts Reconciling Your Consumer Tax Control Account Reviewing Your Business Information Reporting to Your Tax Authority Taking Advantage of Xero’s Budget Functions Setting a Period Lock Date

Chapter 11: End of Financial Year Reporting

Getting Ready for the End of the Financial Year Preparing Accounts for Your Tax Accountant Helping with Tax Accountant Tasks Special Considerations

Part 4: Getting the Most Out of Xero

Chapter 12: Monitoring Your Business

Identifying Key Metrics Generating Useful Information Understanding Xero’s Tracking Options Maintaining Budget Control: Budget Manager Exploring Xero Projects

Chapter 13: Managing Your Inventory Items

Understanding Inventory Items Setting Up a Xero Inventory Item Managing Inventory Items Adjusting Inventory Balances Accessing Cloud-Based App Solutions

Chapter 14: Working with Fixed Assets

Recognising Fixed Assets Accessing Fixed Asset Reports

Chapter 15: Working with Multi-Currency Transactions

Setting Up Multi-Currency in Xero Processing Multi-Currency Transactions in Xero Conversion Balances and Multi-Currency Bank Accounts Viewing Reports in Foreign Currency

Chapter 16: Exploring the Xero Marketplace

Working with Xero to Xero Networks Understanding the Benefits and Risks of Cloud App Solutions Making Use of Online Cloud Integration Specialists Getting a Feel for Available Solutions Looking at Custom Integration

Part 5: The Part of Tens

Chapter 17: Ten (Plus One!) Tips for Long-Term Success with Xero

Embrace the Cloud Make Use of Networking Technology Export Data to Create Graphs Set up Bank Feeds and Reconcile Regularly Use the Batch Payments Feature Keep Bank Accounts for Business Use Embrace Change Use Tracking to Sharpen Reporting Take Advantage of Repeating Bills and Invoices Collaborate with Your Xero Advisory Team Effectively Tap into Online Storage Features

Chapter 18: Ten Common Mistakes Made in Xero and How to Avoid Them

Not Making Use of Expert Help Not Understanding Terminology Differences Messing Up Bank Reconciliation Autosuggestions Using a Communal User Account Not Deleting Old User Accounts Thinking Your Xero Emails Are Stored Not Realising the Subscriber Owns and Controls the Data Trying to Make Xero Do What Your Old System Did Watching Your Bank Feeds Refresh Paying Full Price If You’re a NFP

Index About the Author Connect with Dummies End User License Agreement