Learning Outcomes

Introduction to Xero

Invoices and Sales

Bills and Purchases

Reconciling Bank Accounts

Lesson Summary

In this module, learn about Xero by exploring its features and navigation. The lessons then guide you to create and manage invoices and sales records. You also learn how to handle bills and purchases efficiently and understand how to reconcile bank accounts within the software.

Products and Services

Accounting for Fixed Assets

Basic Payroll Management

Basic Activity Statements

In this module, learn to handle essential business concepts with Xero. Understand how to offer and manage products and services in Xero or how you can manage assets in Xero. Explore managing salaries and wages and discover "basic activity statements,"  a feature to present and analyze financial data in Xero.

Accounts Management Using Xero - Course Assessment

Learn how to use Xero to manage organisational accounts, finances and payroll in this free online accounting course.

Accounts Management Using Xero

This accounting and bookkeeping course explains how to use the features of Xero, a cutting-edge cloud-based accounting platform that improves financial management. Xero is a must-have financial tool for any enterprise and a crucial skill for any accounting professional. This Xero tutorial provides the knowledge and skills required to manage accounts with ease. Sign up to learn how to use Xero to manage your personal or organisational finances.

Introduction to Bookkeeping

Key Financial Statements and the Accounting Equation

The Double-Entry System

This module introduces the foundations of bookkeeping and financial reporting, covering basic concepts, essential terms, and bookkeeping methods. You will study key financial statements, the accounting equation, and the double-entry system to develop practical skills in recording transactions and managing financial data effectively.

Revenue and Expense Categories

Managing Payroll and Employee Expenses

Managing Accounts Payable, Receivable, and Inventory

This module provides an in-depth explanation of recording and managing business transactions, including revenues, expenses, payroll, and inventory. We examine the practical skills in categorising financial data, recognising the timing of transactions, and applying inventory valuation methods to enhance financial accuracy and operational efficiency.

Reconciling Accounts and Ensuring Accuracy

Creating and Interpreting Financial Reports

Bookkeeping Best Practices and Internal Controls

This module focuses on organising, analysing, and validating financial data. We discuss bank reconciliation techniques, financial report creation, and interpretation. The module covers vital skills in error detection, performance evaluation through financial ratios, and implementing best practices for internal controls and fraud prevention.

Course Assessment - Essential Bookkeeping Skills

Gain professional-level skills in bookkeeping and financial management with this free online course.

Essential Bookkeeping Skills

Are you ready to master the essentials of bookkeeping? This free course dives deep into financial reporting, transaction management, and data analysis, equipping you with the skills to maintain accurate records and make informed business decisions. This course was reviewed and approved by qualified subject matter expert Nisha Khanal, a bookkeeping and accounting consultant. Join us now to transform your financial management capabilities!

Introduction

Accounting Equation and Terminology

Accounting Assumptions, Standards, and Principles

Accounting Systems and Preparation of Reports

Balance Day Adjustments in the General Journal and Ledger

This accounting module dives into the terminology employed in financial circles, the principles used in basic accounting and the systems put in place to ensure financial control is maintained. The accounting course explores the main financial statements including the profit and loss account, the balance sheet and the everyday adjustments that have to be made.

Fundamentals of Accounting - Assessment

Learn the basics of accounting principles and how to analyse financial accounts, with this free online course.

Fundamentals of Accounting

This free online course, updated in 2025, will guide you through the fundamentals of accounting in a clear and step-by-step manner. By the end of the course, you will have a much stronger understanding of the main financial statements used in accounting systems, including the profit and loss account and the balance sheet. The course will also guide you through important accounting terminology and principles. Get started today.