How To Use XERO | Accounting Software Tutorial for Small Business (Beginners Overview)
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- เผยแพร่เมื่อ 2 ก.ค. 2024
- In this Xero tutorial for beginners, I guide you through how to get started and leverage Xero to manage your day-to-day accounting and business tasks. I walk you through Xero accounting software from the perspective of a small business owner (ME - not an accountant).
🛠️ My Top Recommended Tools for Small Business 🛠️
👉 stewartgauld.com/tools
Xero is a leading, user-friendly online accounting software designed for small business. Xero is a great option for small business owners that would like to streamline their business operations and transactions. Essentially, Xero takes the hard work out of daily accounting requirements.
Talk to your accountant about the best plan for your small business. You also have access to a 30-day free trial to see if Xero is the right option for your small business.
If you're interested in reading our full article on how to get started with Xero, you can do so here:
stewartgauld.com/how-to-use-x...
► In this Xero tutorial for beginners we cover the following:
0:00 Intro
01:40 What is Xero?
03:18 Business Settings
06:03 Connect Business Bank Accounts
08:25 Xero Dashboard
12:08 How To Reconcile Items
14:58 Business Options
15:42 Invoice
16:48 Bills
17:59 Accounting Options
19:47 Payroll Options
20:34 Project Options
21:08 Contact Options
21:38 Xero Apps
22:22 Xero Pricing
22:44 Outro
► Are you interested in joining our small business community?
Join us to receive actionable tips, tutorials and tools to grow your small business online (Subscribe to our email list here): mailchi.mp/71ac3fcdbfdf/stewa...
Let me know if you found this Xero tutorial helpful. Also, if you have any questions make sure to drop them down below.
Thanks for watching and enjoy!
#xero #accountingsoftware - แนวปฏิบัติและการใช้ชีวิต
Fantastic video. I didn’t know this software and in 23mins I learned a lot. Thank you 😊🥳👏👏
Glad it was helpful!
Great video with clear explanation! Thank you!
Welcome!
This is awesome! Thank you...Well done for the presentation and very clear to understand.
Welcome mate!
Thank you, that's really well explained and informative.
Glad you enjoyed it!
Hi, Stewart! Great video, very detailed and clearly explained! Watching from the Philippines. Liked the video and subscribed already. 🥰
Welcome 🤗
Attended a training on this software but I didn't understand now watching your video is more easy and xero is user friendly thank you
You are welcome!
Thanks for the tips, Xero has been awesome for our businesses.
Hi Corey! It's great right. We moved from Google sheets to this a few years back!
Thanks for the great overview of XERO
Glad it was helpful!
Thank you. This was clear and fruitful
I'm glad!
Inspirational. Well presented. Thank you.
Welcome 🤗
As someone who is from NZ I am proud and grateful for this video, unfortunately my school that I go to only teach us things that are needed to pass, so I am just blindly following instructions without even knowing what things mean, Thanks for the video
Sorry to hear that! I'm glad you got some value from this video though!
I understand that feelings. I was in that same shoe sometime ago.
great overview! Thank you!
Cheers!
Awesome once again Stewart.
Thanks for that Stuart! Catch up soon!
Thank you so much for a very nice video, i learned a lot!
Welcome!
Thanks Stewart, dreading the move from paper to computer as hate the ruddy things! My diary and folder cant crash or be hacked either!😄😄Thanks for introduction, very useful thank you!
Very welcome!
thank you for the detailed tutorial Stewart
Welcome!
Hi Stewart, thanks for this very informative video! 😊
Glad it was helpful!
Amazing. You are a fantastic tutor. God bless you.
Welcome!
Hi Stewart, detailed learning, thank you so much. Watch from start to finish.🤗
Welcome! 🤗
Great vid, great deals taking place with that field recently
Good stuff! Glad I could help!
You have given an excellent explanation. I understand Xero accounting software now. I find it very suitable for a small business.
Glad it was helpful!
wow! thank you so much, it was really informative ❤
I'm gald!
Thankyou. Very clear!
Glad it was helpful!
Hi stewart. Lovely video and very educational. Well explained.....
Thanks 😊 glad you got value
I'm so thankful I am watching this vid🙏😭. All the way from South Africa 🇿🇦💃.My new client uses xero and I was so scared of using it, after this vid I'm definitely going to familiarize myself with xero. It looks very use friendly👌
Hey mate! Go for it. Extremely user friendly.
Hey Tsepo please assist me im in Kzn South Africa
Thank you for the video. Good clear explanation.
Welcome!
Very well explained
Well done
Glad it was helpful!
Amazing video thank you so much❤
Welcome 🤗
Crystal clear , thank you so much.
Glad it was helpful!
Thank you u made it so easy to understand ❤
Welcome 🤗
Really helpful- thank you
Hi Wendy,
You are very welcome.
Thanks so much for good info. 🙂 i have just finished my degree 😎 getting info. About the accounting softwares before applying jobs. 😇 this video is awesome.
Glad it was helpful! All the best!
Thanks for the video. I learned a lot.
Welcome 😊
Thank You - good start point
Thanks Michael
Thank you, we used this for how to navigate xero in my accounting class lol
Haha all the best!
I am an accountant but I learn a lot from you thanks
Glad to hear that!
Great explanation
Glad you liked it
Very helpful. Thank you
Glad it was helpful!
Interesting . Thanks you
Welcome 🤗
thanks!!! very helpful :)
Welcome Sara!
Great stuff. thankyou so much
No problem!
Good overview. Thank you
Thanks mate
big thanks, sir!
Welcome!
Thanks Stewart!
You're welcome!
Thanks mate helped alot
Glad it helped
Thank you so much
Welcome!
Nice video, thanks for taking the time. Just wondering whether at 13:13, (bank reco) it was an expense incurred of 4500 rather than a sales receipt in the bank.
Hey John,
Yes you are correct!
Thanks Stewart, I agree Xero is awesome, very intuitive
Hope you are doing well
Zanet
Hi Zane! It's fantastic, been a game changer for us. Thank you too mate!
Excellent
Thank you! Cheers!
THANKS USEFUL
Glad it helped!
Your explanation is so nice. Only a small mistake you did. Instead of a Spent (Dr) you thought it as Receipt (Cr). Apart from this you are exceptionally presented. Here in India majority of the Small and Medium businesses will use Tally accounting software. Lots of Love from India. ❤
Thanks!
I appreciate that! Thanks!
Thanks so much for your time and help, great information.
Welcome!
Thanks for video
Welcome!
my teacher Bernie used your video for class today
Awesome to hear! Thanks
Good Explanations 👍
Thanks mate!
Very well explained, thank you
Glad it was helpful!
thank you so much
Welcome! 🙌
I just got an interview call and the company i have applied requires me to understand the use of xero. Andd omg, just reach out this video and iam like i already understand the basis of this sofware. Beside this software is a user friendly, your explanation is really go through my understanding and make me easy to see all the basic function of xero. Thanks man, you are really helping me.
You got this!
Nice Video indeed.
Thank you very much!
Very Good 👍
Thank you! Cheers!
Hi Mr. Steward Gauls the video was good and well understood. Is it possible to have have multiple companies with different type of business?
Yes you can multiple accounts in Xero.
Hi Stewart, hank you so much for this video it was really helpful. I have just opened a new business of servicing cars and wanna use xero software. Looking forward to many tutorial videos.
Do you have the one that shows how to raise journals?
Hi Sophie,
All the best with your new venture.
No I do not sorry. We are looking at bring out more updated tutorials covering each section of Xero shortly!
Nice Video, Sir, please would it be possible to have the same video and explanation for Dashboard, Business, Accounting, Payroll projects, all the features like the way you are doing here. Thanks
I will create one soon!
Thanks, great video. I wish the exploration was a bit slower, as I found it hard to follow.
Hi mate, glad to hear. Thanks for your feedback ☺️
Great way to explain, can you do one on G.S.T :)
Thanks for that! Will look into it. Cheers!
thanks for the awesome videos you make! i want to ask you, what app in your oppinion is more friendly for bookkeeping for an llc ? xero , wave, or quikbooks ?
Hey mate,
We prefer and have had more experience with Xero. However, I do love how wave makes accounting easy for small businesses too.
Great
Thanks ☺️
Thanks this was a great video.
Hoping you can help, I have opened a new Xero account how do I transfer a previous organisation from my old account with all the data still in tact?
Thanks in advance.
Hey Kylie,
You will need to get in touch with Xero for support with that.
hello Stuart in creating an invoices do I need to input all the information needed such as the date of invoice, amount,particulars and so forth , thanks ?
Hey mate,
In the invoice not all the information is required. Just what is relevant.
Great video. Do you have a video how to transfer our data from 2023 Quickbooks to Xero? I’m sure a lot of us want to close out Quickbooks due to how expensive it is to use. Thx
I do not! Good question though. I will look into this.
@@StewartGauldCan you please create a new video on how to transfer data from QB desktop to Xero? I would love to start creating my 2024 entry journal.
Also, is there a coupon code for new signups? 🙏
Hi Stuart, Did you add a payment to an income account in that reconciliation demo?
Hey Pamela,
I'll have to double check. Updated tutorial coming soon.
What if we used our business account for personal transactions and our personal bank for business transactions? Do we have to manually adjust those transactions?
Hey!
You can just label those drawings.
Really helpful ❤❤❤❤
Glad it was helpful!
Great filming quality !! What did you use to film it ??
Thanks! Filmora wondershare 9
@@StewartGauld Thank You but what camera ?
Hi the plan are you giving us a tutorial on?? What plan is this ? Because the cheaper version 1&2 doesn’'t have this configuration that you are teaching us.
Hey!
This is an older version using the basic plan. We will be updating this soon
@@StewartGauld thanks Stewart
Hello Stewart Gauld, the video was good, and like it. Could you please let me know how to access all companies in a single Xero account. I have 12 Companies and how can I manage it daily basis.... Urgent and waiting for your reply......
Hi mate you can connect all your companies to one Xero account so you can access them all. Simply click your business name on the left and 'Add a new organisation' to connect all your other businesses.
❤
Thanks!
Thank you for this lesson, so i want to ask? if I am a bookkeeper for a small business, does the business owner have to be the one to buy the licence for Xero? and add me as a user? or can I set up my own account but manage the operations of the business?
Also, if the business already has management software that assists the business in debit orders, collections, and marketing can we use Xero as the accounting software for the business?
Hey!
You can go into a partnership with Xero and manage multiple accounts through your accounting dashboard. Yes, you sure can. Xero integrates with many external apps and tools.
How can we create a cash in hand account or petty cash account in Xero and under which head
I'll have to look into this.
In regards to bank account reconciliation, let’s say I pump gas 7x monthly. Can this software lump all 7 gas expenses as ONE monthly entry vs 7 different entries? Thx
It will be 7 individually for reconciliation.
Am looking at applying for a bookkeeping PT job that's asked for Xero. Is it possible to teach myself in a short time lol going to wing it. Did use pulsar accounts over 30years ago! This looks more user friendly
Hey mate,
There is a small learning curve. I suggest signing up and practicing with the test company account you can access.
Hi Stuart, looking at purchasing the software for my startup business. Just one question if I set my salary at 20k but decide the out goings were too high. How would I reduce my salary for that month when doing payroll?
Thanks in advance
Hi Daniel,
You can simply edit and adjust each element within your reports. We are putting together a more advanced walkthrough when it comes to amending reports and reconciliations. We have added this question to our notes. This should be released in a few weeks. Cheers!
@@StewartGauld thank you very much Stuart will hit the subscribe button 👍
@@StewartGauld Hi Stuart sorry to be pain, so let's say this month i want to pay my self $500 would i just have the change the salary to $6,000?
Hey Hi Gauld hope you are doing gud.. i need help on Posting or invoice k-off (paid invoice from customer) specially Bulk upload process in Xero ..
Hi mate!
I will keep this in mind for a more in-depth tutorial. Cheers!
Hi i know zero streams your expenditure from your bank account but does it stream your incomings too please?
Hey mate,
Yes debit and credit. You can reconcile both income and expenditure.
Does it send invoices automatically via email for subscriptions?
Hi mate,
Yes you can set this up to automate invoices for reoccurring work.
Should tax deductions that doesn’t come out of any business account as an expense be recorded, and if so, how?
For example, I claim a portion of my personal phone bill as an expense on my taxes for business use, as well as a daily DOT per diem deduction for being away from home.
Hi mate! This is something you will need advice on from your accountant. Cheers!
Exampted
How can I delete a bill that I have already marked paid? And How do I change the amount for payment once the bill is already approved and in AWAITING status? for instance I have put 50 but I have to pay 75
Hey mate thanks for the question, we are going to release a more detailed tutorial based on everyones questions.
Im having trouble manually entering bank statements into xero. My bank statement comes with date, paeyer/payee, debit, credit and balance. How on earth do i manually enter this into Xero?
Hey mate,
You can upload manually if you like. Is Xero connect to you back too?
first of all, nice and informative video so can you help me to learn about xero software. because I am from Thailand so I need the jobs.
I’m glad 🙂
I'm about to get started as an amazon seller and I just want an easy way to keep track of cost of goods vs total sales. I don't have a business account yet, can I use my personal bank account with this software?
Hey Travis,
You can but I would advise against that. At least get a seperate account to set up with Xero. This will make your life a lot easier when it come to sorting out your taxes.
Thanks sterwart, I've looking about it I'm planning to applying a bookkeeper.
But I don't have knowledge about xero.
Can you also make a video about the quickbook.
Yes, absolutely. I will look into this.
@@StewartGauld
Thank you
Hi Stuart, would this be possible to have a private call/conference regarding this software, so I can initiate it in my all small business companies. I manage about 10 small companies?
Hey Maja,
I suggest engaging with an accountant that is familiar with the software.
Hii Stewart. I want day book. How can we get day wise transactions in Xero?
Hey mate,
I will have to look into this.
Yeah please give that option info ASAP
I have received a GST refund from purchases made and i can see that amount in my bank statement, how do i record properly.
Hey Ida,
You will need to talk to your account about this.
Cheers,
I added my bank account but it would let me enter a big date range. Would only upload from beginning of the month. I need to upload my bank account details since last July 😢
Hey Tina,
You should be able too.
@@StewartGauld no it won’t let me at all. I’ll have another look today as I think there is something it says. But yes it won’t load.
What are the functions of Dashboard, Business, Accounting?
FYI, this video starts at 3:15
Thanks John
Where can I get a free Xero software for leaning purposes?
Have you looked at using Wave accounting?
No, as anytime I tried any free software it mess up my computer
What is Wave accounting?
Hi. I am iranian and I am studying accounting in London .Can you help me more about this software😊🙃🙃
What do you need help with mate?
Does it requires a license???
Hey mate! No you just need to signup to a subscription.