Xero For Dummies, 3rd Edition

Take your books to the cloud with the ultimate guide to Xero

Xero For Dummies is your one-stop resource for working with this revolutionary accounting software. Whether you’re brand new to Xero or converting from another program, you’ll get up and running in a flash; if you’re already using Xero, this book will show you how to take advantage of the software’s full functionality. 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. Automatic imports, intuitive coding and seamless synching across multiple business platforms gets the paperwork done quickly so you can get back to running your business. 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.

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.

• Fine-tune your set-up, or convert from another accounting program
• Manage daily activities with contacts, accounts, sales and payables
• Master weekly and monthly reporting routines
• Track inventory, monitor your business and get the most out of Xero

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.

Table of Contents

Part 1: Getting Started with Xero
Chapter 1: Getting to Know Xero
Chapter 2: Getting Organised: Setting Up Xero from Scratch
Chapter 3: Converting to Xero from Another System
Chapter 4: Fine-tuning Your Set-Up

Part 2: Daily Activities
Chapter 5: Managing Your Contacts
Chapter 6: Managing Your Sales
Chapter 7: Managing Your Payables
Chapter 8: Reconciling Your Bank Accounts

Part 3: Making the Routine, Routine
Chapter 9: Generating Reports
Chapter 10: Mastering Your Weekly and Monthly Tasks
Chapter 11: End of Financial Year Reporting

Part 4: Getting the Most Out of Xero
Chapter 12: Monitoring Your Business
Chapter 13: Managing Your Inventory Items
Chapter 14: Working with Fixed Assets
Chapter 15: Working with Multi-Currency Transactions
Chapter 16: Xero Online Network

Part 5: The Part of Tens
Chapter 17: Ten (Plus One!) Tips for Long-Term Success with Xero
Chapter 18: Ten Common Mistakes Made in Xero and How to Avoid Them