1.
Getting to Grips With Xero

2.
Aspects covered in this workshop
• Xero Dashboard
• Chart of Accounts
• Bank Reconciliation
• Edit Transactions
• Invoices
• Purchase
• Sales
• VAT Returns
• Reports (Profit/loss)
• Balance Sheets

3.
Pricing Plans

4.
Ultimate Plan and Add-ons

5.
Xero Dashboard
• Connecting to your bank account(s)
• Arranging the important aspects for you
• Get bank feeds (refresh)
• Reconcile transactions against invoices
• See the state of sales and purchase invoices

6.
Chart of Accounts
• List of all account types and codes to ensure consistent
reporting
• Can remove or add types and codes as necessary

7.
Bank Accounts and Rules
• This enables you to connect your bank account(s) to Xero
• Get Bank Feeds
• Add or edit bank rules

8.
Bank Rules
• Create bank rules to reconcile regular transactions
• Rules can relate to ‘spend, receive or transfer money’
• Bank rules can be ordered so that they are applied in the
correct sequence

9.
Reconcile Transactions
• Match transactions from your bank with your books in
Xero
• Match or Create

10.
Purchase Invoices
• ‘Bills to Pay’
• Dates received and due, current status and
notifications

11.
Create a Purchase Invoice
• ‘New Bill’

12.
Sales Invoices
• Shows invoice details including dates
• Shows Current status

13.
New Sales Invoice
• Same details as purchase invoice with the addition of a
discount column.

14.
Xero Reports
One-click reports
• Business Snapshot
• Short-term Cash Flow
• Sales Overview
• Purchases Overview
Customisable Reports
• Common Formats
• Set date, range or comparison
• Account codes
• Update to apply changes
• Save Custom Reports

15.
Tax – MTD for VAT
• £85000+
• Due dates do not change
• HMRC receive no more information than they have done
previously
• Retain receipts and invoices (digital – HMRC notice 700/22)
• Bridging software lifts spreadsheets into Xero
• Connect Xero to HMRC:
• Accounting Menu – Reports
• UK VAT Return
• Set up MTD for VAT in Xero

16.
Thank you
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