The Online Business Academys Mini MBA Course Guide

The Online Business Academy's Mini MBA Course Guide

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The Online Business Academy's Mini MBA

Detailed Course Curriculum

1. Getting Started with Xero Online

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

2. Understanding Xero’s Chart of Accounts

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.

3. Efficient Contact Management in Xero

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.

4. Xero Sales, Invoicing, Quotes, and Inventory

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.

5. Streamlining Purchases and Bills 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.

6. Managing Accounts with Xero’s Bank Reconciliation Features

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

7. Reporting in Xero

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

8. Exploring Xero Add-ons

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.

9. Certificate in Xero Assessment

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.

What Our Students Say

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Thank you Imogen

I absolutely loved this course! Its simple structure made it easy to follow, and I want to give a special shoutout to Imogen, the fantastic tutor. She was incredibly helpful and always there whenever I got stuck.

I now run my own Facebook Ads

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Very friendly and helpful stuff

Loved this course! It was straightforward and the staff were exceptional. I can't find any complaints, had a great learning experience and got to brush up on my accounting knowledge.

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Meet Your Expert Business 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.

Yan-Li S.

Yan Li, an enthusiastic tutor from Shanghai, is currently pursuing a Bachelor's degree in Supply Chain Management and Finance at the University of South Australia. Her combined knowledge of these fields brings a unique perspective to her tutoring sessions, offering students a comprehensive understanding of supply chain management and finance. Beyond academics, Yan's passions lie in art, photography, and exploring culinary delights. These interests shape her creative and diverse tutoring approach, as she incorporates innovative teaching methods that cater to different learning styles.

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.

Why Choose the Online Business Academy?

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Not sure if this is the right course for you?

This course comes with a 10-day money-back guarantee. This means you can cancel at any time within the 10 days and get a full-refund, no questions asked.

Frequently Asked Questions

How do I enrol?

There are no entry requirements or pre-requisites to enrol into this course. You can enrol online directly by clicking on “Enrol Now” and follow the prompts. Alternatively, you can enrol over the phone with our friendly student advisors. Give them a call on (02) 8006 0556 or email them at support@oba.au.

How much does this course cost?

This course costs $3,999 + GST. Click here to get started now.

How long is this course?

This course takes approximately 12 months, and you’ll have lifetime access to this course. Study in your own time, at your own pace. Most of The Online Business Academy courses are designed so that you do one module a week. But if life gets busy you can take longer and even apply for a course extension if you need more time.

What job can I get once I have completed the qualification?

Upon the completion of this course, you can obtain a job as a Business Owner, Marketing Manager, Accounting Technician, Finance officer or Entrepreneur. These jobs in Australia earn approximately $100,000 per year but can be as high as $163,866 per year. (Payscale)

Contact a friendly student advisor on (02) 8006 0556 to find out about potential career outcomes and see where our courses can take you. Employers also constantly approach The Online Business Academy looking for students and employers also advertise jobs in the Career Centre (available once you enrol). You’ll also receive a FREE CV review.

Where will my qualification be recognised?

This qualification is Internationally recognised. Our qualifications are highly sought after by employers around the world and accredited by global industry bodies such as ICOES.

How does online learning work?

Your course will be delivered through our online learning platform. You can access our online learning platform from any web browser 24/7 so you can work whenever and wherever you want. You can also interact with your tutors and other students within the learning environment.

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

Do you have a money back guarantee?

Absolutely! You’ve got an 10-day cooling off period (or trial period) at the start of your course. Take that time to look through all your learning material and get a feel for online learning. If you decide the course isn’t for you within the trial period, you’ll get a full money back guarantee.

Or speak to a student advisor.
Call (02) 8006 0556.