Introduction of xero accounting for begginers

Proper management of accounting is primarily important for any business. In accounting, all the transactions, profits, losses, sales, purchases, and other aspects are made in an organized way. In a traditional accounting system where there were lots of activities to be done and the company had to employ more staff. However, now accounting software has made accounting tasks simpler. Xero Accounting is one such software that can manage most of the activities of accounting.

What is Xero Accounting?

Xero is web-based accounting software that is designed to meet most of the business accounting requirements. It is best suitable for small and medium-sized businesses which can manage their businesses more simply.

How to learn Xero?

Xero is a very simple accounting software to learn where you can find various accounting aspects like making transactions entry, conversion balances, bank reconciliation, chart of accounts, and several other accounting aspects.

Here, is a short Xero Training that can give you better knowledge on it:

Dashboard:

After you login-in to Xero accounting software, you will first see the dashboard of Xero. The dashboard will give a quick glimpse of the accounting activities. It will show the invoices owed, different bank accounts associated, accounting watchlist, and bills to be paid to the customers, cash-in, cash-out, and claims. It will help to manage the conversion balances, bank reconciliation, and chart of accounts. In the dashboard, you get the shortcut for creating new bills, sales invoices, and other claims.

Menu Bar:

You will find the menu bar at the top where you can select the business name for doing the accounting activities for the respective business. Further, you can change the settings of the access to particular activities. You can also give the links to the other apps on the Xero pages. On the menu you can do the short-term cash flow, Invoices, quotes, overview of the sales, purchase orders, purchase overview, and claims to the expenses. In the menu, you can manage the checks and the inventories. You can also access the reports and bank accounts from the menu of Xero.

Page:

In Xero, you can find different pages where you can do different accounting activities.

Some of the common pages found here are:
– Customer Invoice page

Here you can see the invoice status, invoice number, emailing options, PDF printout, record the payments of the customer, and history.
– Sales overview page

Here you can get the status quotes, estimation of money to receive in charts, and customer lists. Apart from these, you can also find other important pages on the Xero for doing accounting activities.

Reports:

Xero provides a very nice overview of the different reports essential for the business. Reports are categorized into different categories like sales, purchases, tax, accounting, inventory, fixed assets, and payrun. You can also make the necessary settings and set the criteria for getting the respective reports.

Conclusion:

The above mentioned are some of the important activities handled by Xero Accounting. Some of the advanced features also offer a wide range of accounting activities for the business. A proper Xero training can help you to handle multiple accounting activities. Xero accounting is designed in a simple way where a non-accounting person can also understand it easily.

Meru Accounting provides Xero accounting and Xero training worldwide. They are one of the well-known accounting service providers across the globe.

Infographics Summary:

Introduction to Xero Accounting for beginners

Xero accounting is web-based accounting software that handles most of the accounting activities.

Here are some of the important features of Xero Accounting:
– Dashboard that provides different aspects in accounting
– Menu Bar where you can easily do any accounting activity
– You can get different types of pages in one place
– You get the multiple reports as per the criteria
– Making the accounting aspects simpler

Xero is a very wonderful accounting software that can handle accounting activities nicely.