Overview

Need to get the most out of the world's simplest accounting software? Easy.

Xero has revolutionised the world of accounting software. Completely cloud-based, it lets small business owners monitor their finances in real time and promises to reduce the need for endless back-ups, data entry and software upgrades.

Xero For Dummies gives readers a user-friendly, in-depth understanding of how the software works and shows them how to use it ...

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Xero For Dummies

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Overview

Need to get the most out of the world's simplest accounting software? Easy.

Xero has revolutionised the world of accounting software. Completely cloud-based, it lets small business owners monitor their finances in real time and promises to reduce the need for endless back-ups, data entry and software upgrades.

Xero For Dummies gives readers a user-friendly, in-depth understanding of how the software works and shows them how to use it efficiently, effectively, and strategically. This plain-English guide leads readers through the basics of setting up an accounting system to detailed operations, letting users maximise revenue, profits, and cash flow. Xero For Dummies offers in-depth guidance on such topics as switching over from another accounting software, setting up customers and suppliers, dealing with multi-currency transactions, using Xero's dashboards and robust reporting capabilities, and more.

  • An essential guide for anyone who wants to get the most out of this super-simple, super-effective accounting software
  • The only guide on the market endorsed by Xero
  • Perfect for small business owners and freelance workers with no experience using accounting software

When it comes to balancing the books, small business owners and entrepreneurs need all the help they can get. Xero For Dummies is the quick and easy way to master the world's simplest accounting software.

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Product Details

  • ISBN-13: 9781118572528
  • Publisher: Wiley, John & Sons, Incorporated
  • Publication date: 5/23/2013
  • Sold by: Barnes & Noble
  • Format: eBook
  • Edition number: 1
  • Pages: 400
  • Sales rank: 906,195
  • File size: 7 MB

Meet the Author

Heather Smith is a writer, speaker and advisor on all topics small business. She is a Xero Certified Advisor and Chartered Certified Accountant. Through her business ANISEConsulting she specialises in delivering online training courses and webinars.

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Table of Contents

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 21

Chapter 3: Converting to Xero from Another System 51

Chapter 4: Finetuning Your Set-Up 75

Part II: Daily Activities 93

Chapter 5: Managing Your Contacts 95

Chapter 6: Managing Your Sales 107

Chapter 7: Managing Your Payables 139

Chapter 8: Reconciling Your Bank Accounts 163

Part III: Making the Routine, Routine 189

Chapter 9: Generating Reports 191

Chapter 10: Mastering Your Weekly and Monthly Tasks 205

Chapter 11: End of Financial Year Reporting 227

Part IV: Getting the Most Out of Xero 241

Chapter 12: Monitoring Your Business 243

Chapter 13: Managing Your Inventory Items 267

Chapter 14: Working with Fixed Assets 277

Chapter 15: Working with Multi-Currency Transactions 289

Chapter 16: Xero Online Network 301

Part V: The Part of Tens 311

Chapter 17: Ten Tips for Long-Term Success with Xero 313

Chapter 18: Ten Common Mistakes Made in Xero and How to Avoid Them 317

Appendix A: Converting from MYOB to Xero 323

Appendix B: Converting from Sage to Xero 351

Appendix C: Converting from QuickBooks to Xero 361

Index 369

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