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Efficient Accounting with Xero

By Jay Kimelman
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  1. Free Chapter
    Chapter 1: Xero Basics – Subscriptions and When to Use Them
About this book
Xero empowers business owners to gain insights into their business and performance and collaborate seamlessly with their accountants and tax professionals. This book goes beyond the basics and explores the more advanced Xero features, techniques, and best practices for managing sales taxes, budgeting, and reporting. You’ll begin by diving right into Xero, setting up a bank feed, and exploring its power while experiencing just how easy it is to use. The book will guide you in setting up Xero the right way to ensure that you succeed in each of your transactions. As you progress through the chapters, you’ll learn what spend money and receive money transactions are and be able to easily send invoices and collect receivables or payments, collect and pay bills, and even track your business assets with Xero. Toward the end, you’ll be proficient at producing powerful reports, giving you the keys to running or advising any business. By the end of this Xero book, you’ll have gained the confidence to add a company to Xero, set up the bank feeds, reconcile the transactions, send invoices, and pay bills, ending up with beautiful financial statements.
Publication date:
April 2023
Publisher
Packt
Pages
306
ISBN
9781801812207

 

Part 1: Hitting the Ground Running

The objective of this section is to familiarize you with the different parts of Xero, as well as the subscription plans that meet your needs the most. Here, we will lay the foundation of using Xero within a business setting so it is set up to succeed when we start posting transactions. 

This section comprises the following chapters:

  • Chapter 1, Xero Basics – Subscriptions and When to Use Them
  • Chapter 2, Exploring Bank Feeds – the Heart of Xero
  • Chapter 3, Setting Up Your Organization’s Financial Settings in Xero
  • Chapter 4, Restarting with the Fresh Start Method
  • Chapter 5, Conversion to Xero Made Easy
About the Author
  • Jay Kimelman

    Jay Kimelman, CPA, is the Director of Technology and E-Commerce Lead for High Rock Accounting, a leading tech-forward accounting firm. Previously, Jay was the Founder and CEO of The Digital CPA, which was acquired by High Rock in 2021. He helps accounting professionals leverage technology to build efficient, profitable practices. Jay is currently a National Xero Ambassador and previously sat on Xero's partner advisory council. Jay earned a B.S. degree in Accounting from the University of South Florida in 1990. He became a CPA in 1996, working in accounting leadership positions through a variety of industries before striking out on his own.

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Efficient Accounting with Xero
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