Xero for Dummies

Heather Smith FCA, FCCA, FICB, is obsessed with how effective automation and integration can unlock and produce timely, clean data, to generate information for fast, informed analysis and decision making. She sits at the intersection of accounting, education and content creation; running a virtual management accounting practice, producing the Accounting Apps newsletter, and hosting the Cloud Stories podcast. Connect with HeatherSmithAU on your favourite platforms.

Foreword xv Introduction 1 Part 1: Getting Started with Xero 7 Chapter 1: Getting to Know Xero 9 Chapter 2: Getting Organised: Setting Up Xero from Scratch 25 Chapter 3: Converting to Xero from Another System 63 Chapter 4: Fine-tuning Your Set-Up 91 Part 2: Daily Activities 115 Chapter 5: Managing Your Contacts 117 Chapter 6: Managing Your Sales 137 Chapter 7: Managing Your Payables 183 Chapter 8: Reconciling Your Bank Accounts 221 Part 3: Making the Routine, Routine 257 Chapter 9: Generating Reports 259 Chapter 10: Mastering Your Weekly and Monthly Tasks 279 Chapter 11: End of Financial Year Reporting 315 Part 4: Getting the Most Out of Xero 331 Chapter 12: Monitoring Your Business 333 Chapter 13: Managing Your Inventory Items 379 Chapter 14: Working with Fixed Assets 393 Chapter 15: Working with Multi-Currency Transactions 409 Chapter 16: Exploring the Xero Marketplace 423 Part 5: The Part of Tens 439 Chapter 17: Ten (Plus One!) Tips for Long-Term Success with Xero 441 Chapter 18: Ten Common Mistakes Made in Xero and How to Avoid Them 447 Index 453