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Xero For Dummies, 2nd Edition

Xero For Dummies, 2nd Edition

Heather Smith, Rod Drury (Foreword by)

ISBN: 978-0-730-31937-5

Jun 2015

408 pages

Description

Master Xero in a flash to streamline accounting and manage more effectively

Xero For Dummies is a user-friendly guide to the accounting software that's revolutionising the industry. Whether you're setting up Xero from scratch, converting to Xero from another accounting software, or just want to get more out of Xero, this book provides an in-depth understanding of how the software works, and how to use it to manage your business more effectively. This second edition has been updated to cover the new and improved features, including better file storage, purchase order, and report generation, extended coverage of the Xero add-on ecosystem, and more, with all new screenshots that show you exactly what to do. You'll learn how to automatically import and code bank transactions, set up accounts, customers, and suppliers, synchronise data, and generate reports that give you the information you need to manage your business more effectively.

Xero has changed the game in the accounting software industry. Their completely cloud-based single ledger system allows business owners to monitor their financial position in real time, and eliminates the need for endless data entry, backups, and software upgrades. Xero For Dummies is the only Xero-endorsed guide to getting the most out of the software, walking you through the basics to advanced use.

  • Save time reconciling with automatic imports and intuitive coding
  • Manage inventory, customers, suppliers, and more
  • Simplify accounts and deal with multi-currency transactions
  • Synchronise data seamlessly across multiple business platforms

From setting up your accounting system through to more detailed operational usage, this book contains tried-and-tested techniques that will help you optimise revenue, profits, and cash flow. Xero can streamline your accounting process and help you be a better manager — to wield it effectively, Xero For Dummies is the complete, informative guide you need.

Foreword xv

Introduction 1

Part I: Getting Started with Xero 7

Chapter 1: Getting to Know Xero 9

Chapter 2: Getting Organised: Setting Up Xero from Scratch 23

Chapter 3: Converting to Xero from Another System 59

Chapter 4: Fine-tuning Your Set-Up 85

Part II: Daily Activities 107

Chapter 5: Managing Your Contacts 109

Chapter 6: Managing Your Sales 125

Chapter 7: Managing Your Payables 165

Chapter 8: Reconciling Your Bank Accounts 197

Part III: Making the Routine, Routine 227

Chapter 9: Generating Reports 229

Chapter 10: Mastering Your Weekly and Monthly Tasks 245

Chapter 11: End of Financial Year Reporting 269

Part IV: Getting the Most Out of Xero 285

Chapter 12: Monitoring Your Business 287

Chapter 13: Managing Your Inventory Items 313

Chapter 14: Working with Fixed Assets 325

Chapter 15: Working with Multi-Currency Transactions 337

Chapter 16: Xero Online Network 349

Part V: The Part of Tens 361

Chapter 17: Ten (Plus One!) Tips for Long-Term Success with Xero 363

Chapter 18: Ten Common Mistakes Made in Xero and How to Avoid Them 369

Index 375

Appendix A: Converting from MYOB to Xero
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Appendix B: Converting from Sage to Xero
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Appendix C: Converting from QuickBooks to Xero
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Appendix D: Mastering Your Pay Run
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