Get Started with Xero

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Agenda What is Xero Using Xero Resources Why is it a good fit for you How to setup and use Xero Resources Next steps to starting your journey

Housekeeping

Let’s get to know each other Let’s get to know each other. Tell us your name and what your business does.

Demo

Now it’s your turn Go to Settings, then Organization Settings Change the name of the organization to your business’s name Add your business’s address and phone number Now it’s your turn

Where in Xero would you go to add your business’s contact information?

Types of Accounts Assets Liabilities Equity Revenues Expenses Current Assets Fixed Assets Prepayments Inventory Liabilities Current Liabilities Non-current Liabilities Equity Retained Earnings Owner Contributions Revenues Sales Income Earned Expenses Utilities Rent Salaries

Now it’s your turn Go to Settings, then Chart of Accounts Change the name of the Sales account to something more specific to your actual business Now it’s your turn

If you were to buy a plane ticket, which account would you enter that transaction into?

Now it’s your turn Create an invoice to yourself for a t-shirt Email the invoice to yourself Now it’s your turn

Which Xero function lets you see what your online invoice will look like to your customers?

You took a client out for coffee at Cooper Street Bakery. You paid $11 Find the bank statement line for this transaction in the reconciliation screen, and create a corresponding transaction in Xero using the Create tab. Choose the Contact and Account you think is best, and then we will go over how I would recommend you do it. Now it’s your turn

On the bank reconciliation screen, how does Xero let you know that an existing transaction is a possible match?

Now it’s your turn Go to Reports, then Income Statement Use Report Settings to change the date to last month Click Edit Layout Add in a Budget column Now it’s your turn

When we have finished editing a report and it looks the way we want, which Save option do we use to preserve a read-only snapshot of the report?

Resources

Resources & Next steps Xero U xero.com/us/training Watch a few suggested Xero U courses Navigating Xero U | Getting started with Xero | Accounting 101 Xero Small Business Guides xero.com/us/small-business-guides Browse the Xero Community & Help help.xero.com Contact our Customer Experience team support@xero.com Resources & Next steps

Questions