Xero Cloud Accounting

 

Are you taking control of your numbers?
Xero Cloud Accounting software makes running your organization easier and faster, with access to real-time financial data anytime, anywhere through your laptop, mobile phone and other smart devices for better cashflow management and a full financial picture of your business.
Start taking control and join our 2-day hands-on, practical training in Xero Cloud Accounting today!

Course details

Course Overview

Overview:

This course, designed for Accounting Professionals and Personnel, is taught by our qualified and friendly Xero-trainers who are experienced bookkeepers and Xero-certified advisors. Using practical case studies for Xero demo, you will gain greater knowledge to navigate the Xero software and confidently apply the Xero accounting system functionalities for your day-to-day business transactions. 


Course Highlights:

  • Understand functions, features and benefits of Xero
  • Navigate Xero, dashboard, business, accounting, contacts and shortcut tools
  • Control cashflow
  • Manage customer quotations and invoices
  • Manage supplier bills and expense claims
  • Generate financial and accounting reports

 

Who Should Attend:

Accounting Professionals and Personnel and anyone with accounting background from both accounting and non-accounting firms who are seeking to capitalise on Xero cloud accounting software to guide the business to the next level.


Mode of Delivery:

  • Classroom (face-to-face) or Online-based


Course Duration:

  • 16 hours (typically over 2 full days)

 

This module comes under the WSQ Skills Framework: ACC-ICT-3001-1.1 Accounting and Tax Systems-3

Course code: TGS-2022013519 (Face-to-Face)

Course code: TGS-2022013520 (Online)

Upcoming Classes

Our Class Schedule: 


SEP 2022 (classroom mode only)

  1. 8 to 9
  2. 22 to 23


OCT 2022 (classroom mode only)

  1. 4 to 5
  2. 25 to 26

 

NOV 2022 (classroom mode only)

  1. 8 to 9
  2. 22 to 23

 

DEC 2022 (classroom mode only)

  1. 6 to 7
  2. 20 to 21

 

Class Timings

Day 1 – 9am to 6pm (includes 1 hour lunch break at 1pm)

Day 2 – 9am to 6pm (includes 1 hour lunch break at 1pm)

Assessment

There will be a 90 minute assignment to be taken on Day 2. Passing of the assignment is required, in order to earn the Certificate Of Attainment (COA), and *SSG course fee grant entitlement.

*Only SG/PRs.

For any queries, please email us at admin@acctrainacademy.com.sg or whatsapp us at 9457 8086.

 

Course Fees

Full Course Fee (no subsidy) @SGD $680 /-

Here are the nett fees for the following:

  1. Any Self-Sponsored Singaporean or PR aged from 21-39yrs  @SGD $340/-
  2. Any Self-Sponsored Singaporean aged>=40, or *SME Company-Sponsored (Any age Singaporean or PR) @ SGD $204/-
  3. Company-Sponsored Singaporean or PR working in *Non-SME @ SGD $340/-

*The Government of Singapore declared new parameters for what defines a Small and Medium Enterprise. According to the Ministry of Trade and Industry, an SME will be defined as an enterprise with an annual sales turnover of under S$100 million, or that employs less than 200 workers.

Funding Support

Here are the types of funding support available for the course:

SSG Training Grant
Funding Period: Until 8 May 2024
Course Ref No.: TGS-2022013519 / TGS-202201352o

*Approved Funded Hours: 24 hours.

1. Company-Sponsored Employees
  • Company-Sponsored SME Singapore Citizens and PRs – Funding capped at up to 70% subsidy.
  • Company-Sponsored Non-SME (Singapore Citizens or PRs 21-39 years old) – Funding capped at up to 50% subsidy.
  • Company-Sponsored Non-SME (Singapore Citizens or PRs 40 years old and above) – Funding capped at up to 70% subsidy.
2. Self-Sponsored Learners
  • Singapore Citizens (40 years old and above) – Funding capped at up to 70% subsidy.
  • Singapore Citizens (21-39 years old) and PRs – Funding up to 50% subsidy capped at $15/hr.
3. SkillsFuture Credits (for Self-Sponsored)
  • Singapore Citizens (21 onwards) may use their SkillsFuture Credits to offset the nett payable course fee. find out more.
4. Absentee Payroll (for Company-Sponsored)
  • The training provider will submit on your company’s behalf your employee’s enrolment, attendance and assessment records via TPGateway. Thereafter, your employer will be notified to log into Enterprise Portal for Jobs & Skills (EPJS) to declare necessary information for Absentee Payroll funding.

 

Course Outline

Topics Covered:

Topic 1: Getting Started with Xero

  • Introduction to Xero cloud-based accounting system
  • Functions, features and benefits of Xero
  • Navigating Xero, dashboard, business, accounting, contacts and shortcut tools

Topic 2: Set Up Company in Xero

  • Creating a new company in Xero
  • Enter basic organisation settings, manage users
  • Financial settings, lock date, tax rates

Topic 3: Setting Up Chart of Accounts / Inventory Items / Contacts

  • Set up chart of accounts
  • Create or import chart of accounts
  • Manage contacts
  • Set up inventory items
  • Creating untracked and tracked inventory items
  • Importing inventory items into Xero

Topic 4: Setting Up Bank Account

  • Adding bank account and account code in Xero
  • Set up bank feeds to automatically import bank statements
  • Manually importing bank statement transactions
  • Petty cash account

Topic 5: Manage Customer Quotes and Invoices

  • Create sales quote, converting into a new sales invoice
  • Record customer payments, prepayments and overpayments
  • Issue credit note
  • Sending customer invoices and statements
  • Recurring or repeating sales transactions

Topic 6: Managing Supplier Bills and Expense Claims

  • Create and send purchase orders
  • Copy purchase order to a new bill
  • Create payments to suppliers, scheduling payments
  • Issue supplier credit note
  • Manage expense claims

Topic 7: Bank Reconciliation

  • Reconcile invoices and bills
  • Manage part payments, overpayments, bank fees, minor transaction amounts
  • Create transactions for daily spendings and receipts, transfers between banks
  • Bank rules and cash coding
  • Bank reconciliation report

Topic 8: Set Up and Manage Fixed Assets

  • Add and register fixed assets
  • Run depreciation on fixed assets
  • Manage fixed assets register

Topic 9: Manage GST

  • GST tax set up
  • Check and submit GST returns
  • Generate GST reports

Topic 10: End-of-Period Closing Procedures

  • Create journal adjustments
  • Record provision, accruals and prepayments

Topic 11: Browse Reports

  • Profit and loss statement
  • Balance sheet
  • Other accounting and management reports

Xero Cloud Accounting