Are you an accounting professional aiming to enter the Australian job market but lack experience with Xero? Our Fundamentals of Xero course is specifically designed to bridge that gap. Xero is one of the most widely used accounting software platforms in Australia. This course will equip you with essential skills and knowledge to confidently use Xero, enhancing your employability in the Australian accounting industry.

In this targeted course, you will learn:

• Introduction to Xero in Australia:
  • Understanding the role of Xero in the Australian accounting landscape.
  • Navigating the Xero dashboard and user interface.
• Setting Up Xero for Australian Businesses:
  • Creating a new organization in Xero.
  • Customizing settings according to Australian tax laws and regulations.
  • Setting up your chart of accounts with Australian compliance in mind.
• Managing Contacts:
  • Adding and managing Australian customer and supplier contacts.
  • Importing contacts from existing databases.
• Invoicing and Sales:
  • Creating and sending professional invoices.
  • Understanding GST (Goods and Services Tax) and BAS (Business Activity Statement) reporting requirements.
  • Recording sales and managing accounts receivable.
• Purchases and Expenses:
  • Entering bills and expenses.
  • Managing accounts payable.
  • Claiming expenses and reimbursements.
• Bank Reconciliation:
  • Connecting Australian bank accounts to Xero.
  • Reconciling bank transactions.
  • Creating bank rules for automation.
• Payroll Basics:
  • Introduction to Xero Payroll in the Australian context.
  • Setting up employees and processing pay runs.
  • Understanding Superannuation and PAYG (Pay As You Go) withholding.
• Reporting and Compliance:
  • Generating financial reports (Profit & Loss, Balance Sheet, Cash Flow).
  • Preparing and lodging BAS.
  • Customizing reports for business insights.
• Inventory Management:
  • Setting up inventory items.
  • Tracking stock levels and valuations.
• Xero Add-Ons and Integrations:
  • Exploring popular Xero apps and integrations used in Australia.
  • Enhancing functionality with third-party tools.

Who Should Attend:

• Accounting Professionals: Overseas-qualified accountants seeking to enter the Australian job market.
• Recent Graduates: Accounting graduates looking to enhance their resumes with practical Xero skills.
• Bookkeepers and Financial Administrators: Professionals aiming to update their software proficiency.
• Anyone Interested in Australian Accounting Practices: No prior experience with Xero required.

What You’ll Gain:

• Australian Accounting Practices: Understand accounting procedures specific to Australia.
• Practical Xero Skills: Hands-on experience with Xero using real-life Australian scenarios.
• Increased Employability: Enhance your resume and job prospects in the Australian accounting industry.
• Certification: Receive a Certificate of Completion from ABS College.

Software Access:

• Xero Subscription: We will provide access to a Xero demo company or trial account for the duration of the course.

Course Options:

Mixed Two Week

Tuesday & Thursday- 6PM to 9PM

Saturday & Sunday- 9AM to 12Noon

Weekday Four Week

Wednesday and Friday- 6PM to 9PM

Normal Cost $1100/-

Discounted Cost $ 990/-

• Practical Exercises: Complete tasks within Xero during class.
• Assignments: Apply your knowledge to simulated business scenarios.
• Final Project: Set up a basic company file and perform essential accounting functions in line with Australian standards.