Would be useful to know the 'What' categories for certain regular things during reconciliation like (as an example) £13 charge companies house makes for registering your business for annual accounts - No clue what category something like that would fall under. Maybe an idea for another video perhaps?
Thank you sooooo much - I have been using Xero badly for about 5 years and even with a couple of changes of accountants - nobody has ever helped me out with the fundamentals of Xero - having searched and watched numerous tutorials online - I have never come across one as good as yours and it is even based around UK businesses - you are amazing - thank you so much.
I totally agree with the above statement. However will be using it in Canada but it looks like it will pretty much be the same with the exception of our Taxes are different from the UK.
I agree with you I thought I will just take a look and watched the complete video and now feel more confident that I will be able to use this program she definitely has removed some doubt and fear having to learn a new program.
I once paid a Xero approved bookkeeper to teach me how to use the software. I paid over £1000 wasted hours on Skype and learnt NOTHING. This one video, got me back on Xero after 5 years. Thank you thank you thank you thank you ❤ I will be in contact when the annual acc and CT600 are due You deserve every penny you charge
Wow! You made business accounting look super easy. As a new business owner, who has never owned a business before, accounting feels daunting on top of everything else. Thanks for showing how simple and fun it can be!
Absolutely fantastic. We have started our small business Oct 2022 and have been manually using Excel for everything. I have been using the Xero trial and found their tutorials somewhat a bit confusing and hard to find tutorials on specific areas. Your video has given me everything I need to know and more. Thank you so much, we look forward to starting to use Xero in the new financial year
Brilliant instructions, I am new to Xero and now feel like an expert already, have subscribed and looking forward to watching all the Xero videos, thank you so much! I’ve been thrown in deep end at work told just to get on and get to grips with Xero…..you have saved me😀😀👍
Thank you Rachel. Simplified approaches are better than complicated courses and I learned a little bit more about the basic features I am using to utilise them better.
Hello, im from Ukraine. It was necessary to quickly get acquainted with XERO. Liked the title 80% in 30 minutes :) Not disappointed. Thank you for the video!
Super easy to understand. Thank you, I am expecting a new job with Xero and I never experienced it. Now I feel even more confidence to be on the 3rd interview.
OMG that was one of the best videos I've seen on Xero. I wish I saw that when I first started using it a couple of years ago. If I lived in UK I would totally become your client.
Thank You so much. Ihave just been offered a position with an accounting firm and the use Xero. This was extremely informative and easy to understand. Thank You so much having seen this video will help me as I start using Xero.😀
This is such an invaluable video and outlines basically, everything you need to know, when it comes to both using zero and bookkeeping, for a small business…. Thank you so much. People pay thousands of pounds for this kind of training and you’ve summed things up so succinctly ❤ 🙏🏽 🔥
This is a meta-accounting perspective. IOW, you explain from the point of view of running a business, rather than abstractly. Full marks! Here's a tip: It would be easier to take in if you kept your voice smoother and calmer, with the odd pause.
Great video, I'm a small business owner and I've just contracted in an accounting firm who use Xero. I'm slowly figuring it out and this has been really informative and helpful, especially the Profit and Loss and Balance sheet. Thank you.
brilliant video. Our bookeeper has just announced she is retiring and i am taking over the bookeeping. Im terrified. i have a degree in fine art, not accounting! thanks for making this interesting, simple and accessible! i shall be working my way through your tutorials!
i dont know what to say, it's my first time seeing & using xero. and i was afraid i would find it hard to understand. but you made it absolutely clear & easy. thanx alot , you already made my day.
Fantastic video thank you! I'm applying for a new job and this gives me confidence that learning Xero will be absolutely fine. Really appreciate your help! ❤
Great content and presentation, thank you. The repetitive background music is super annoying however. I had to keep pausing for a break from it. I plan to view it again and hope I can follow without sound.
I would love a video going over the different codes and what is included there. For example: Is food purchased when I am out on a video shoot considered travel expense or something else?
Hi there, I am brand new to Xero and I have a couple of questions that I can't seem to find a video about. 1. Do I connect Credit card accounts the same way as my bank accounts? 2. How do you reconcile a credit card payment? Hope you can help! You are really great at tutorials.
Thank you, this video tutorial has been so helpful - would love to know if there is a tutorial to assist with inventory postings and how this all works
You are amazing! Thank you so much for such an informative video which is so easy to follow :0) I'm so looking forward to checking out your other videos :0) Once again Thank you xx
0:57 dashboard, business, accounting, contacts tabs 11:35 1:20 dashboard 1:39 3:18 4:23 4:55 5:40 7:50 processing bank transactions on the bank reconciliation screen 8:00 green transactions on the RHS 8:14 how to read the transactiom 8:43 matching 2 transactions together to mark an invoice as paid - a bank receipt is when you receive money from an invoice 9:10 9:32 what does bank reconciliation mean? 9:39 why being on top of bank rec is important? 11:35 11:50 11:59 - invoices that you send to customers (sales invoices) - invoices that suppliers send to you (purchase invoices) 12:23 sales invoices within xero 12:40 how to create a new invoice in xero? 13:05 due date trick 13:20 invoice numbers 13:45 reference 14:00 description 14:20 preview button for invoice 15:15 hit approve button 15:53 after approving the invoice 16:47 quote and raise quotes in xero. - what is the difference between a quote and invoice? 17:30 17:38 testing quotes and sales invoices 18:04 marking a quote as accepted, and transferring all the quoted details onto an invoice 18:24 summary 18:50 how to process bills/invoices that you get sent from suppliers 19:26 codes 20:15 , 20:52 20:58 21:14 summary 21:27 how to run reports in xero to tell you about your business 21:40 22:18 profit and loss report 23:33 25:55 AR and AP report 27:00 summary 27:09 contacts 27:30 27:53 28:10
This was exactly what I needed. Coming back to bookkeeping after 10 years or so, and this really helped me figure out what Xero is like compared to the computerised accounts systems I trained on.
Thanks for taking the time to give this tutorial. Looking at the moment at a potential change from Sage to Xero, but my own book-keeper won't use it at all so perhaps its time we had a chat. Really appreciate your support.
This is lovely breakdown for a novice person with seasonal accounting software knowledge and packages. With that said, I am trying to put everything in perspective for the company, especially with regard to accounting, entirely. Simply put, I am trying to record everything from invoices, expenditure bills and alas in retrospect so that my company bookkeeping has meat to fist in. I'm now stuck on invoices, that's where I started. This is what I did, recorded all invoices that fell within the 2022, as per the business financial year. Approved the invoices from Awaiting paymentsand now I want to know HOW to get them to the 'paid' icon. Bare in mind I am working in retrospect to date. Thanks in advance. I hope to hear from you.
Excellent Xero video! You have ALMOST convinced me to turn away QBO for Xero for our Bar. But I have a conundrum I would love to ask you how to do: We have daily/weekly sales data in our POS (Lightspeed U-Series). I need to either A) import that POS-exported beer/liquor/food/tax/tips sales data into Xero in a clearing account, or B) Manually enter that same sales data... on a regular basis...and then, the entered Sales data to be reconciled with future deposits into the actual bank account from our Credit Card payment processor. QBO offers a terrible and excruciating method to enter sales data for bars/retail, but I do not see where Xero offers any similar ability at all. What's a bar owner to do to get the sales data entered CORRECTLY into XERO, and have it reconcile nicely upon the subsequent CC deposits? THANK YOU!
Great video as a start up business owner. Thank you! Should inventory not yet sold sit on the balance sheet as an asset and the cost of goods moved across once sold?
Nice slow and steady I can keep up! lol would be good to know if I would need to start over again if I wanted to upgrade to a more comprehensive package?
Hello Rachel, Thank you very much for the video and the demonstration. Please can you be able to show us about xero for accountant as I am an accountant and I would love to know more about xero for acountant!! Thank you
OMG all I can say is thank god I found you! I have been attempting to do the Xero training courses and they are so confusing. You have just taught me so much in this half hour. Do you have any other videos on Xero? Thank you!
This was great and very informative. Just a quick question on when in bank recon. if they are already green, how do you add the Why? If you want to add more information?
hi, there I am a novice in this field. I am trying to learn bookkeeping business with no experience during learning I have come across Xero software which looked difficult to me, but after watching your video I concluded that I will and can learn it with my hard work. please guide me more thanks.
What did you think guys?!
Really useful, thanks.
hi Rachel, i want to learn Xero practically, can you guide me
Couldn't have done any better ❤️❤️❤️❤️
This was super helpful. Thank you!
Would be useful to know the 'What' categories for certain regular things during reconciliation like (as an example) £13 charge companies house makes for registering your business for annual accounts - No clue what category something like that would fall under. Maybe an idea for another video perhaps?
I am a CPA and an ACA and very pleased with your short presentation with a quick introduction. Thanks for the video.
Thanks for watching! 😀
Best overview of Xero I have come across
Thank you 🤍
I am a semi retired Accountant and have never used Xero Accounting. You have explained everything methodically. Thank you
Thank you sooooo much - I have been using Xero badly for about 5 years and even with a couple of changes of accountants - nobody has ever helped me out with the fundamentals of Xero - having searched and watched numerous tutorials online - I have never come across one as good as yours and it is even based around UK businesses - you are amazing - thank you so much.
I totally agree with the above statement. However will be using it in Canada but it looks like it will pretty much be the same with the exception of our Taxes are different from the UK.
The energy from the very beginning. wasn't planning to watch it complete. But ended up learning everything
I agree with you I thought I will just take a look and watched the complete video and now feel more confident that I will be able to use this program she definitely has removed some doubt and fear having to learn a new program.
I once paid a Xero approved bookkeeper to teach me how to use the software. I paid over £1000 wasted hours on Skype and learnt NOTHING.
This one video, got me back on Xero after 5 years.
Thank you thank you thank you thank you ❤
I will be in contact when the annual acc and CT600 are due
You deserve every penny you charge
This is amazing to hear, I'm so glad! 😊💗
I'm about to start a job whicvh uses Xero and I have never used this software before. Thanks for the introduction, I feel a little more confident now.
Good luck with your new role!! ✨
@@accountantshe Same same - starting new job and said I'd learn Xero ahead of time - your video was great thanks very much (Australia)
Wow! You made business accounting look super easy. As a new business owner, who has never owned a business before, accounting feels daunting on top of everything else. Thanks for showing how simple and fun it can be!
I'm so glad I could help! It can be super overwhelming, but it gets easier! 🚀
Absolutely fantastic. We have started our small business Oct 2022 and have been manually using Excel for everything. I have been using the Xero trial and found their tutorials somewhat a bit confusing and hard to find tutorials on specific areas. Your video has given me everything I need to know and more. Thank you so much, we look forward to starting to use Xero in the new financial year
This is so great to hear!
Brilliant instructions, I am new to Xero and now feel like an expert already, have subscribed and looking forward to watching all the Xero videos, thank you so much! I’ve been thrown in deep end at work told just to get on and get to grips with Xero…..you have saved me😀😀👍
this was fantastic! my first foray into Xero and it removed my fears and helped me have confidence in starting. Highly recommended
Absolutely GREAT introduction to Xero! Thank you so much! Every time a question came to my mind, you were already answering it.
Thank you!!! 😊
I never thought a tutorial on an accounting software could be filled with so much joy! haha, I am impressed and now informed as well. Good job!
Great to hear! thank you for your message!
Thank you Rachel. Simplified approaches are better than complicated courses and I learned a little bit more about the basic features I am using to utilise them better.
Thank you! 😊
Hello, im from Ukraine.
It was necessary to quickly get acquainted with XERO.
Liked the title 80% in 30 minutes :)
Not disappointed. Thank you for the video!
Super easy to understand. Thank you, I am expecting a new job with Xero and I never experienced it. Now I feel even more confidence to be on the 3rd interview.
Great video. I watched several others and didn't learn anything. Your teaching style is just what I needed. Clear and very helpful. Thank you.
Thank you :)
OMG that was one of the best videos I've seen on Xero. I wish I saw that when I first started using it a couple of years ago. If I lived in UK I would totally become your client.
I'm so happy I could help 💗
My first inetration with Xero, and it was amazing. You explained in a very good way. Thanks
Thank You so much. Ihave just been offered a position with an accounting firm and the use Xero. This was extremely informative and easy to understand. Thank You so much having seen this video will help me as I start using Xero.😀
Congratulations! 🥳
Thanks a million, I'm searching for a job and this has really helped me as I have no previous experience with Zero.
Good luck with the job search! 🤞🏻
This seems to be so much more accessible than QuickBooks. Thank you!
This is such an invaluable video and outlines basically, everything you need to know, when it comes to both using zero and bookkeeping, for a small business…. Thank you so much. People pay thousands of pounds for this kind of training and you’ve summed things up so succinctly ❤ 🙏🏽 🔥
Thank you 😊
Loved it, easy to follow. I want to see how you do a bank reconciliation against a bank statement.
This is a meta-accounting perspective. IOW, you explain from the point of view of running a business, rather than abstractly. Full marks! Here's a tip: It would be easier to take in if you kept your voice smoother and calmer, with the odd pause.
Starting a new job soon, this video actually helped me so much to understand an amazing software. Genuinely appreciate this, Cheers!
that was great I'm starting to use xero for my business now you explained it so well thanks
I'm so glad it was helpful! ✨
I really believe you can make in depth video on this topic. LOVED it so far😀
Thanks! 😊
Great video, I'm a small business owner and I've just contracted in an accounting firm who use Xero. I'm slowly figuring it out and this has been really informative and helpful, especially the Profit and Loss and Balance sheet. Thank you.
brilliant video. Our bookeeper has just announced she is retiring and i am taking over the bookeeping. Im terrified. i have a degree in fine art, not accounting! thanks for making this interesting, simple and accessible! i shall be working my way through your tutorials!
i dont know what to say, it's my first time seeing & using xero. and i was afraid i would find it hard to understand. but you made it absolutely clear & easy. thanx alot , you already made my day.
That's so good to hear! Thank you 😊
fantastic. Rachel is so sharp and very enjoyable to watch. God bless
This is sooo sweet, thank you!!!
Fantastic video thank you! I'm applying for a new job and this gives me confidence that learning Xero will be absolutely fine. Really appreciate your help! ❤
This was the best tutorial video I've ever watched on any topic. Very well done!
Thank you so much for this clear explanation. Looking forward your next tutorials dear accountant She
very clear and made Xero look so easy to use. Thank you for the video
Great content and presentation, thank you. The repetitive background music is super annoying however. I had to keep pausing for a break from it. I plan to view it again and hope I can follow without sound.
I would love a video going over the different codes and what is included there. For example: Is food purchased when I am out on a video shoot considered travel expense or something else?
Thank you so much! I start a new job soon and this has been a great introduction to Xero.
Best of luck! 🚀
Thank you for the overview. Like to see more about the accounting function.
This was so helpful! Thanks
Ahhh so glad I could help! Congratulations 😊
I'm in Australia, but found this highly enlightening. Thank you very much.
You're very welcome, thank you x
Superb!
The 30-minute session is packed with knowledge, I appreciate the effort.
It was quite helpful to understand the software
Thank you 😊
Thanks for your valuable explanation about XERO Software. I am from India and thanks I hope you will share more videos for us on Xero.
Great. Nice overview of how Xero works without getting too bogged down in details.
Hi there,
I am brand new to Xero and I have a couple of questions that I can't seem to find a video about.
1. Do I connect Credit card accounts the same way as my bank accounts?
2. How do you reconcile a credit card payment?
Hope you can help! You are really great at tutorials.
That was awesome. I have never used Xero and feel confident going forward. Thanks so much
That’s great!!!
A very good soft ware. Excellent tutoring. Xero is life made easy.
Thank you soooo much. I'm applying for a job at a guesthouse and I want to learn before the interview since I have not done this before.
I'm so glad it helped ☺
Thank you, this video tutorial has been so helpful - would love to know if there is a tutorial to assist with inventory postings and how this all works
you were just awesome . Each and every point you explained was so easy for someone with no knowledge about the software to understand
Thanks for watching!
Comprehensive, clear and easy to follow, thank you :)
Your video was so very helpful. Your presentation was professional and easy to understand. Thank you.
Thanks for watching! 😀
Thank you for the fabulous tutorial. You're a pleasure to listen to and explain everything very well.
Thank you! 🩷
Really good. Well explained and keeping it simple. I also loved that it was upbeat but not over the top. Many thanks
You are amazing! Thank you so much for such an informative video which is so easy to follow :0) I'm so looking forward to checking out your other videos :0) Once again Thank you xx
You are so welcome! 🤗
Thank you.... Your efforts have given me a great idea about xero..... I greatly appreciate it......
0:57 dashboard, business, accounting, contacts tabs
11:35
1:20 dashboard
1:39
3:18
4:23
4:55
5:40
7:50 processing bank transactions on the bank reconciliation screen
8:00 green transactions on the RHS
8:14 how to read the transactiom
8:43 matching 2 transactions together to mark an invoice as paid
- a bank receipt is when you receive money from an invoice
9:10
9:32 what does bank reconciliation mean?
9:39 why being on top of bank rec is important?
11:35
11:50
11:59
- invoices that you send to customers (sales invoices)
- invoices that suppliers send to you (purchase invoices)
12:23 sales invoices within xero
12:40 how to create a new invoice in xero?
13:05 due date trick
13:20 invoice numbers
13:45 reference
14:00 description
14:20 preview button for invoice
15:15 hit approve button
15:53 after approving the invoice
16:47 quote and raise quotes in xero.
- what is the difference between a quote and invoice?
17:30
17:38 testing quotes and sales invoices
18:04 marking a quote as accepted, and transferring all the quoted details onto an invoice
18:24 summary
18:50 how to process bills/invoices that you get sent from suppliers
19:26 codes
20:15 , 20:52
20:58
21:14 summary
21:27 how to run reports in xero to tell you about your business
21:40
22:18 profit and loss report
23:33
25:55 AR and AP report
27:00 summary
27:09 contacts
27:30
27:53
28:10
Thank you so much, as a student it was very helpful for me.
I really appreciate your way of teaching is very good, you have conveyed everything about XERO in just few minutes. Thinks for this
That's great! 😊
This video is very helpful. Thank you very much. I just get started with Xero. I am not sure after bank reconciliation if I also need to do entries.
very detail and super fast training, i m CA i want to learn this xero it is almost simliar to quick book and peach tree
Thanks for your help! Picked up some great tips after signing up today
You're most welcome 😊
This was exactly what I needed. Coming back to bookkeeping after 10 years or so, and this really helped me figure out what Xero is like compared to the computerised accounts systems I trained on.
So glad this video was helpful for you!
I'm in the same boat. Looking at finding part time work.
Thanks for taking the time to give this tutorial. Looking at the moment at a potential change from Sage to Xero, but my own book-keeper won't use it at all so perhaps its time we had a chat. Really appreciate your support.
You're very welcome! If you go onto my bio on Instagram (accountant_she) i'm sure we can book some time in to speak!
Just what I was wanting, minutes well spent, thanks.
Great video, just trying to find out how do you set up charts of accounting, Thank you
Wow this looks exciting. Thanks for sharing! Surely already subscribed to your channel
Aww thank you!!
Brilliant, clear and concise. Thank you!
You're very welcome! 😊
This is an excellent starter video. Well structured and enjoyable to boot. Thank you!
Thank you! 😊
thank you for this tutorial.. very informative and detailed..
Thank you. I start a new finance manager role tomorrow.
Congratulations!
This was excellent thank you!! I understand it all and know I can use this in a job more confidently!
Good presentation. Thank you so much. Do we register to use the version Demo to try using?
Hello. Im from the philippines. Your video is very interesting. Im learning online about how to run Xero.
Hi 👋 Thanks for watching 🙂
This is lovely breakdown for a novice person with seasonal accounting software knowledge and packages. With that said, I am trying to put everything in perspective for the company, especially with regard to accounting, entirely.
Simply put, I am trying to record everything from invoices, expenditure bills and alas in retrospect so that my company bookkeeping has meat to fist in. I'm now stuck on invoices, that's where I started.
This is what I did, recorded all invoices that fell within the 2022, as per the business financial year. Approved the invoices from Awaiting paymentsand now I want to know HOW to get them to the 'paid' icon. Bare in mind I am working in retrospect to date.
Thanks in advance. I hope to hear from you.
this is my first search on Xero... Thank you very much. feel like I learnt a lot...
Excellent Xero video! You have ALMOST convinced me to turn away QBO for Xero for our Bar. But I have a conundrum I would love to ask you how to do: We have daily/weekly sales data in our POS (Lightspeed U-Series). I need to either A) import that POS-exported beer/liquor/food/tax/tips sales data into Xero in a clearing account, or B) Manually enter that same sales data... on a regular basis...and then, the entered Sales data to be reconciled with future deposits into the actual bank account from our Credit Card payment processor. QBO offers a terrible and excruciating method to enter sales data for bars/retail, but I do not see where Xero offers any similar ability at all. What's a bar owner to do to get the sales data entered CORRECTLY into XERO, and have it reconcile nicely upon the subsequent CC deposits? THANK YOU!
the training is great! thank you
"Welcome to your happy place" :) Great video, fab energy. Thank you for your help! :)
Thanks for watching!
This is a fantastic video! Thank you so much for taking the time to create this for us. 🙂
Thanks! 🤍
Great video as a start up business owner. Thank you! Should inventory not yet sold sit on the balance sheet as an asset and the cost of goods moved across once sold?
Yes, inventory that is on hand is a current asset. The cost is realised upon sale. Which will be recognised as an expense on your profit and loss.
Nice slow and steady I can keep up! lol would be good to know if I would need to start over again if I wanted to upgrade to a more comprehensive package?
Hello Rachel, Thank you very much for the video and the demonstration.
Please can you be able to show us about xero for accountant as I am an accountant and I would love to know more about xero for acountant!!
Thank you
I have a video about this coming out very soon!! 👀👀
OMG all I can say is thank god I found you! I have been attempting to do the Xero training courses and they are so confusing. You have just taught me so much in this half hour. Do you have any other videos on Xero? Thank you!
Thanks for watching! this is the only other video on xero- th-cam.com/video/oBU2rvq1Xig/w-d-xo.html
Rachel, never saw such an informative video regarding accounting. You are very well instructor may allah guide you
Thanks for watching!
thanks you for sharing the most necessary and valuable information about it .
thank you very much, i am new to Xero and this has helped. i don't mind the music by the way.
Very clear and comprehensive. Thanks
Excellent instruction, friendly and clear
This was great and very informative. Just a quick question on when in bank recon. if they are already green, how do you add the Why? If you want to add more information?
Very useful! thank you.
They are not much different than MYOB, right? do you have a video to compare the two?
Thanks for this, i will be moving from Sage to Xero in June! looks much more simpler.
Can i ask, Are you able to print a customer pricelist from products and services?
That's great to hear! I hope it's easier for you!
yes! go into products and services and export it. For xero related questions there's a help button in the top righthand corner in xero 😊
@@accountantshe Brill, will this only show customer (retail pricing) and can you alter the design of the pricelist?
thank you. Can I get a demo and training for practice ?
hi, there I am a novice in this field. I am trying to learn bookkeeping business with no experience during learning I have come across Xero software which looked difficult to me, but after watching your video I concluded that I will and can learn it with my hard work. please guide me more thanks.
Super informative and easy to understand. Completely helped me to recall my learnings thoroughly. Highly recommended!
Great to hear! Thank you for your feedback x
Thank you. Women tend to over present and I would prefer you just got to the point.
Thank you for making it so clear and easy.
🩷🩷
so simple yet informative.