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Introduction to Accounting

Detailed Course Curriculum

The Getting Started with Xero Online module is an important introduction to the world of Xero accounting software. The module covers the basics of Xero, including its features and how to navigate the software. It is essential for students to understand these basics before they can start to use Xero to manage their business finances. The module also introduces students to Xero add-ons and integrations, which can enhance the functionality of Xero and make it even more useful. Additionally, the module explains what is required to use Xero, including hardware and software requirements. Finally, students are introduced to the security feature of two-step authentication, which is important for protecting sensitive financial information.

Learning Outcomes

Upon completion of this module, students will be able to:

  • Explain what Xero is and its advantages as a cloud accounting software
  • Understand the concept of cloud accounting and its benefits
  • Identify the key features of Xero, including invoicing, bank reconciliation, and financial reporting
  • Recognize Xero add-ons, apps, and integrations that can expand the functionality of the software
  • Navigate Xero’s interface and locate the key features
  • Understand what is required to use Xero, including software and hardware requirements
  • Explain the importance of two-step authentication in Xero and how to set it up
The Chart of Accounts module aims to provide students with an in-depth understanding of the Chart of Accounts in Xero. The module begins with an introduction to Xero Learn, a feature that allows users to access and complete courses and modules related to Xero. The module then proceeds to discuss the Chart of Accounts, which is an essential feature in Xero that organizes all financial transactions for a business. Students will gain knowledge about default accounts, which are the pre-populated accounts that Xero provides, and how to set up tax rates and tax codes for each account. The module also covers the process of deleting or archiving individual accounts, as well as the importance of having a well-organized Chart of Accounts. Finally, students will be introduced to importing and exporting a Chart of Accounts in Xero, allowing them to easily transfer information between Xero and other accounting software.
The Efficient Contact Management in Xero module is a crucial component of the Xero Accounting course, as it provides students with the essential skills to manage contacts effectively. Contact management is essential in Xero as it is where all customers, suppliers, and other stakeholders’ information is stored. In this module, students will be taught how to add, import, export, merge, group and archive contacts using Xero’s contact management features. The module covers all the necessary steps to ensure efficient contact management, such as creating and editing contact details, assigning tax codes, and setting up payment terms.
The Xero Sales, Invoicing, Quotes, and Inventory module of the Certificate in Xero Accounting course covers various topics related to managing sales and inventory in Xero. Participants will learn how to create invoices, including tax inclusive, exclusive, or no tax options, as well as creating invoices for groups and customizing invoice templates. The module also covers creating statements and managing payments, including viewing the Awaiting Payments and Overdue tabs. Participants will learn how to create quotes and manage products and services in Xero, as well as the key tasks associated with inventory. Finally, the module covers multiple currencies and tax rates in Xero.
The Purchases and Bills Management module in the Xero Accounting course is a comprehensive guide to managing purchases and bills in Xero. The module starts with an overview of Xero’s purchasing and billing features, and then dives into the practical aspects of creating new bills, recording payments, and managing partial payments and overpayments. Students will also learn how to process batch payments, send remittance advice, and create credit notes. The module is designed to equip students with the skills to effectively manage their purchasing and billing processes using Xero’s tools and features. By the end of this module, students should be able to use Xero to manage their bills and purchase orders efficiently and accurately.
Bank reconciliation is an important process that businesses must undertake to ensure that their financial records match the transactions that have taken place in their bank accounts. This module is designed to teach students how to use Xero’s bank reconciliation features to simplify and streamline this process. The module covers topics such as connecting bank accounts to Xero, reconciling transactions, identifying and fixing errors, and using prepayments and overpayments to manage outstanding balances. Students will also be introduced to bank rules, which can be used to automatically categorize transactions, and reconciliation reports, which can be used to track progress and identify issues. Online learning allows you to make the best use of your time and puts all the resources you need at your fingertips. There are no set course start dates, you can start whenever you are ready. Your tutors and student services will check in on your progress and help you every step of the way
The Reporting in Xero module helps students understand the different reports available in Xero and how to use them to analyze their business financials effectively. The module starts by giving an overview of the different types of reports that are available in Xero. This includes standard reports such as profit and loss, balance sheet, and cash flow statements, as well as more advanced reports such as aged payables and receivables reports. The module then teaches students how to access, customize, and filter reports according to their business needs. Students will also learn how to publish and export reports in various formats such as PDF, Excel, and Google Sheets. Online learning allows you to make the best use of your time and puts all the resources you need at your fingertips. There are no set course start dates, you can start whenever you are ready. Your tutors and student services will check in on your progress and help you every step of the way
This module delves into the integration of Xero with different add-ons, including payroll software. The module specifically highlights some of the most popular payroll software available in the market today, such as Flextime, iPayroll, SmartPayroll, Thankyou Payroll, Crystal Payroll, IMS Payroll, and Xero Payroll. Through this module, students will get an in-depth understanding of the features, functionalities, and benefits of each of these payroll software, including how they can be integrated with Xero to enhance and streamline the payroll process. The module will also cover other add-ons and integrations available with Xero, including inventory management, CRM, project management, and time tracking software, to name a few. Online learning allows you to make the best use of your time and puts all the resources you need at your fingertips. There are no set course start dates, you can start whenever you are ready. Your tutors and student services will check in on your progress and help you every step of the way.
The Certificate in Xero Assessment module serves as the final evaluation of the Xero Accounting course, assessing student’s comprehension of the topics discussed in the previous modules. This comprehensive quiz covers all aspects of Xero Accounting, including cloud accounting, chart of accounts, contact management, sales, invoicing, purchases, bills, bank reconciliation, reporting, and Xero add-ons. By completing this module, students can demonstrate a solid understanding of Xero Accounting’s key concepts, features, and functionality, as well as apply their knowledge and skills to real-world scenarios in managing a business’s financial operations effectively and efficiently using Xero.

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Meet Your Expert Tutors

Your tutors will be here to help whenever you get stuck and need some help

Ronnie L.

Ronnie is an experienced and knowledgeable tutor specializing in Business courses. With a degree in accounting from De La Salle University, Ronnie brings practical examples and real-world insights to his teaching. Currently pursuing an MBA at the University of Queensland, he remains committed to continuous learning and staying up-to-date with the latest industry trends. Ronnie's exceptional communication skills and emphasis on practical application empower students to grasp complex business concepts and apply them in real-world scenarios.

Michael N.

Michael is an accounting student at the University of South Australia, who knows his numbers inside out. When he's not hitting the books, he's putting his skills to work as a part-time accounting and bookkeeping tutor at the Online Business Academy, helping aspiring professionals level up. During his downtime, you'll find Michael diving into the world of gaming, where he unleashes his competitive spirit. Michael also enjoys bouldering in his spare time.

Imogen H.

Imogen is a former Payroll Specialist with three years of experience, specializing in Xero and QuickBooks. With a deep understanding of payroll processes, regulations, and industry best practices, Imogen is dedicated to sharing her expertise as a payroll tutor. Her extensive knowledge of Xero and QuickBooks allows her to provide comprehensive training and support to students, equipping them with the skills needed to effectively manage payroll using these popular accounting software platforms.

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Frequently Asked Questions

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Online learning allows you to make the best use of your time and puts all the resources you need at your fingertips. There are no set course start dates, you can start whenever you are ready. Your tutors and student services will check in on your progress and help you every step of the way

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