Xero For Dummies. Heather Smith

      

Xero® For Dummies®, 5th Edition

      Published by

      John Wiley & Sons Australia, Ltd 42 McDougall Street Milton, Qld 4064 www.dummies.com

      Copyright © 2022 John Wiley & Sons Australia, Ltd

      The moral rights of the author have been asserted.

      ISBN: 978-0-730-39461-7

      All rights reserved. No part of this book, including interior design, cover design and icons, may be reproduced or transmitted in any form, by any means (electronic, photocopying, recording or otherwise) without the prior written permission of the Publisher. Requests to the Publisher for permission should be addressed to the Contracts & Licensing section of John Wiley & Sons Australia, Ltd, 42 McDougall Street, Milton, Qld 4064, or email [email protected].

      Cover image: © Xero Limited 2022; © FG Trade/Getty Images

      LIMIT OF LIABILITY/DISCLAIMER OF WARRANTY: THE PUBLISHER AND THE AUTHOR MAKE NO REPRESENTATIONS OR WARRANTIES WITH RESPECT TO THE ACCURACY OR COMPLETENESS OF THE CONTENTS OF THIS WORK AND SPECIFICALLY DISCLAIM ALL WARRANTIES, INCLUDING WITHOUT LIMITATION, WARRANTIES OF FITNESS FOR A PARTICULAR PURPOSE. NO WARRANTY MAY BE CREATED OR EXTENDED BY SALES OR PROMOTIONAL MATERIALS. THE ADVICE AND STRATEGIES CONTAINED HEREIN MAY NOT BE SUITABLE FOR EVERY SITUATION. THIS WORK IS SOLD WITH THE UNDERSTANDING THAT THE PUBLISHER IS NOT ENGAGED IN RENDERING LEGAL, ACCOUNTING, OR OTHER PROFESSIONAL SERVICES. IF PROFESSIONAL ASSISTANCE IS REQUIRED, THE SERVICES OF A COMPETENT PROFESSIONAL PERSON SHOULD BE SOUGHT. NEITHER THE PUBLISHER NOR THE AUTHOR SHALL BE LIABLE FOR DAMAGES ARISING HEREFROM. THE FACT THAT AN ORGANISATION OR WEBSITE IS REFERRED TO IN THIS WORK AS A CITATION AND/OR A POTENTIAL SOURCE OF FURTHER INFORMATION DOES NOT MEAN THAT THE AUTHOR OR THE PUBLISHER ENDORSES THE INFORMATION THE ORGANISATION OR WEBSITE MAY PROVIDE OR RECOMMENDATIONS IT MAY MAKE. FURTHER, READERS SHOULD BE AWARE THAT INTERNET WEBSITES LISTED IN THIS WORK MAY HAVE CHANGED OR DISAPPEARED BETWEEN WHEN THIS WORK WAS WRITTEN AND WHEN IT IS READ.

      Trademarks: Wiley, the Wiley logo, For Dummies, the Dummies Man logo, A Reference for the Rest of Us!, The Dummies Way, Making Everything Easier, dummies.com and related trade dress are trademarks or registered trademarks of John Wiley & Sons, Inc. and/or its affiliates in the United States and other countries, and may not be used without written permission. All other trademarks are the property of their respective owners. John Wiley & Sons Australia, Ltd is not associated with any product or vendor mentioned in this book.

      Xero® For Dummies®

      To view this book's Cheat Sheet, simply go to www.dummies.com and search for “Xero For Dummies Cheat Sheet” in the Search box.

      Table of Contents

      1  Cover

      2  Title Page

      3  Copyright

      4  Foreword

      5  Introduction About This Book Foolish Assumptions Icons Used in This Book Where to Go from Here

      6  Part 1: Getting Started with Xero Chapter 1: Getting to Know Xero Understanding the Advantages of Xero Exploring Xero’s Different Editions Homepage: Checking Out the Dashboard Understanding Your Team’s Needs Integrating Xero into Your Strategic Planning Taking Advantage of Support Options Using Xero in a Training Environment Chapter 2: Getting Organised: Setting Up Xero from Scratch Preparing for Set-Up Signing Up for Xero Understanding Bookkeeping Basics Setting Up Your Chart of Accounts Putting Your Accounts into Practice Adding Ways to Get Paid Tax Rates Chapter 3: Converting to Xero from Another System Preparing to Import Data from a Non-Accounting Program Getting Ready to Convert from an Accounting Program Importing Data into Xero Turning Off Your Old System Chapter 4: Fine-tuning Your Set-Up Tools of the Trade: Understanding the Dashboard Setting Up Users Taking Advantage of Live Bank Feeds Manually Importing Statements Bank Rules Using File Storage and the Xero Inbox

      7  Part 2: Daily Activities Chapter 5: Managing Your Contacts Setting Up Customers Setting Up Suppliers