Xero is a cloud-based accounting software for small and medium-sized businesses. The company has offices in New Zealand, Australia, the United Kingdom and the United States. It is listed on both the New Zealand Exchange and Australian Securities Exchange. Its products are based on the software as a service (SaaS) model and sold by subscription, based on the type and number of company entities managed by the subscriber. Xero was founded by Rod Drury and his personal accountant after they found that traditional desktop accounting software had become outdated and decided to create a modern cloud-based product. Xero Limited was officially formed in 2006 in Wellington, New Zealand where its global headquarters are still located. The company entered the Australian market in 2011, and the United Kingdom and United States in 2012.
Setting up Xero for the first time? – You’ll need to start with entering the organisation and financial settings.
Onto step 2… if you have colleagues who need access to Xero also, please follow these instructions.
The backbone of every accounting system – the Chart of Accounts. Follow this walk-through to learn how to properly set this up.
When you move across from an existing system you will need to enter you opening balances into Xero. Please follow this walk-through.
Within Xero you are able to track certain cost centres. For example, if you are a building firm with 8 – 10 build projects per year you could setup Xero to ‘group’ these costs and invoices per project. Follow this mini-tutorial to see how.
To set up your invoice template within Xero please follow this video guide.
You are able to send you invoices directly from Xero. To setup the default settings please follow this video guide.
Whatever you buy and sell, use Xero’s inventory to record the inventory. It should be noted that you cannot use this feature to record quantities.
Suppliers or customers, this video is all about your contacts.
Purchase invoices can be uploaded and stored within Xero as a scanned document. All your invoices can be emailed or photographed into Xero, for detail how, please follow these instructions.
Xero has a dashboard built into it’s opening screen for when you want to know all the critical information at a moments glance. To learn more, please follow this setup video.
It could not be simpler to create a sales invoice using Xero, please follow this instructional video to see how.
When you need to create a repeating invoice or purchase order using Xero this short walk-through will show you how.
Follow this guidance when needing to create a credit note within Xero.
Chasing customers for payment isn’t easy, Xero can help by giving you real-time clear visibility into this data.
Creating a purchase order within Xero is easy, please follow this walk-through to learn how.
Once you’ve created a purchase order within Xero you are able to easily then create a purchase invoice using the data from the order.
Once you receive a purchase invoice from your supplier, please follow this instructional video to then process within Xero.
Within Xero you can automatically stream you bank transactions directly into the application. Please follow this walk-through for instruction.
You may choose not to link your bank account with Xero, this instructional video will show you how you can manually import statement lines into Xero.
Reconciliation is the process of checking your bank transactions are within Xero. Reconciliation with Xero is made very easy.
Reconciliation is the process of checking your bank transactions are within Xero. Reconciliation with Xero is made very easy.
Reconciliation is the process of checking your bank transactions are within Xero. Reconciliation with Xero is made very easy.
You are able to create ‘rules’ when reconciling your company transactions. Please follow this instructional video for how.
Within Xero there is a ‘manage account’ option, accessible via accounts or the dashboard. This video will detail all those sub-options.
Whether quarterly, monthly, cash, accrual or flat rate, Xero can handle it perfectly. Your monthly return can then be sent directly to HMRC. Please follow this instructional video for how.
Two of the most commonly used reports within Xero are the Profit and Loss report and the Balance Sheet report. Please view this video for short walk-through.
Smith and Brown offer a full Excel Consultancy service, whether a simple spreadsheet requiring audit or a more complex in-depth analysis of your data. Microsoft Excel is a spreadsheet application by Microsoft. Excel utilises a grid of cells allowing the user to organize and manipulate data. From this data you are able to display as graphs, histograms and charts.
Video 1, within a series of Microsoft Excel tutorials covering ‘the basics’. This first video covers an introduction to Excel, the main uses, navigation through the application and using the quick analysis tool.
Microsoft Excel tutorial, video 2 – Hiding rows and columns, data filters, page layout options and simple formatting options.
Number 3 in the series – Excel video tutorials. This video covers ‘the basics’. Adding new tabs, freezing panes and print options.
Excel video tutorial – Table creation, the formatting of tables and the principles of creating a formula.
An introduction to formulas within Microsoft Excel. Formula’s are the ‘backbone’ of Excel ranging from simple additions through to very complex arguments.
Video 6 in the series. How to insert a chart and customise and design a chart. Working with data is Excel’s purpose, it is important to visualise the data if you want to interpret the data intuitively.
