Start Your Own Business – Xero Course Guide

This course explains how to secure your business name, outlines the available business structures, and describes the purpose and importance of a mission statement. It also covers how to define your target market, key start-up costs, and how to calculate a charge-out rate that covers your wage, overheads, and allows for profit.

This course covers definitions of different business types and what a business is, explores the main functions of a business, and identifies the main business types.

This course guides you through the steps to develop a detailed plan for your business.

This course explains the four core elements of the marketing mix; product, price, place, and promotion, and how to apply them effectively to a product.

This course explains what accounting is and introduces the accounting equation and how it’s applied. It also looks at what an account is, how it’s used in business, and identifies a range of accounts and their classifications.

This course defines key terms used in transactions and explains what an invoice is. It also highlights the importance of keeping accurate records of business transactions.

This course identifies the expanded accounting equation and provides definitions for a range of accounts. It covers various account classifications, how accounts are categorised, and explains how to calculate the Owner’s Equity closing balance.

This course helps you identify which accounts are debit or credit accounts, and whether transactions increase or decrease them. It also covers which accounts make up a Balance Sheet and the minimum number of accounts affected in a transaction.

This course introduces what Financial Statements are and explains the order in which they are prepared. It covers what a Trial Balance is and its purpose, along with the use of a Balance Sheet and Income Statement, and which accounts are shown on each Financial Statement.

This course provides an overview of different pricing strategies and how they can be applied in various business situations.

This course explains the meaning and rate of Goods & Services Tax (GST) and identifies items that GST does not cover. You’ll learn what qualifies as a good or a service and understand the difference between invoice and payments accounting bases. It also covers various methods for calculating GST accurately.

This course will provide an introduction and basic overview of Xero, including but not limited to the benefits of using Xero and cloud computing, the system requirements for Xero, and how to navigate the Xero Dashboard.

This course will provide an introduction to the Chart of Accounts in Xero and will include but not be limited to the process of accessing the Chart of Accounts, adding new accounts, account classifications and their code ranges, as well as the process that the Xero program applies for tax settings.

This course will provide an introduction to managing contacts in Xero, and will include but not be limited to the process for creating new customers, suppliers and employees in Xero, how to import and export contacts, as well as the process for archiving contacts.

This course will take a look at Xero invoicing, sales, quotes and inventory, including but not limited to the different invoice types available in Xero, customer statements, inventory, and how to create invoices, repeating invoices, quotes and credit notes.

This course will provide an introduction to working with purchases and bills in Xero, including but not limited to the process for managing bills, repeating bills and credit notes in Xero, how to perform batch payments and send remittance advice.

This course will take a look at bank reconciliation in Xero, and will include but not be limited to the process of bank feeds in Xero, how overpayments and prepayments work, and the various bank reconciliation options.

This course will provide an introduction to the Xero Report Centre, and will look at how to generate and view interactive reports in Xero, how to customise, publish and export reports, and the process of creating GST reports and filing a GST return.

This course will provide an introduction to Xero’s add-ons and apps, and will include but not be limited to an overview of four Xero add-ons built and owned by Xero and a look at the Xero App Marketplace.