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Introduction to Accounting with Xero Learn
Introduction to Accounting with Xero Learn
Introduction to Accounting with Xero Learn
Introduction to Accounting with Xero Learn
Introduction to Accounting with Xero Learn

Introduction to Accounting with Xero Learn

ISBN:

This package is designed to support higher education students in using Xero for the first time.

The package includes:

  • Two online, guided simulation exercises
  • 4 months access to the Xero Learn platform
  • 2 additional "Blank Slate" company files, which may be used for assessment purposes by your university.

Simply purchase the package, and an account will be created for you in Xero Learn to access the company files and learning materials.

Note that this is a DIGITAL ONLY product - no printed textbook is included. 

 

 

TABLE OF CONTENTS

Exercise 1 - Sweet Pink

  1. Introduction

  2. Chart of Accounts

  3. Introduction to Xero Learn

  4. Set up the Chart of Accounts

  5. Record May’s transactions:

    1. Credit Purchases

    2. Credit Sales

    3. Payments

    4. Receipts

    5. Returns

  6. Reconcile Bank Account – May

  7. Prepare listings of Accounts Receivable and Accounts Payable – May

  8. Prepare a P & L Statement for the month and a Balance Sheet – May

  9. Record June’s transactions:

    1. Credit Purchases

    2. Credit Sales

    3. Payments

    4. Receipts

    5. Inventory Adjustments

    6. Depreciation

  10. Reconcile Bank Account – June

  11. Prepare listings of Accounts Receivable and Accounts Payable – June

  12. Prepare a Trial Balance at 30 June

  13. Prepare a P & L Statement for the month and a Balance Sheet – June


Exercise 2 - Board Ryder

BOARD RYDER - CLIENT INFORMATION AND TRANSACTION DETAILS
Chart of Accounts
Transactions for July
Transactions for August
Transactions for September
Introduction to Xero Learn

RECORDING TRANSACTIONS
(a) Enter Opening Balances at 30 June 2019 into Xero
(b) Enter July transactions
(c) Reconcile Bank Account – July
(d) Prepare listings of Accounts Receivable and Accounts Payable – July
(e) Prepare a Profit & Loss Statement for the month and a Balance Sheet – July
(f) Prepare an Inventory Tracking Report
(g) Enter August Transactions
(h) Reconcile Bank Account – August

PRODUCING REPORTS
(i) Prepare listings of Accounts Receivable and Accounts Payable – August
(j) Prepare a Profit & Loss Statement for the month and a Balance Sheet – August
(k) Prepare an Inventory Tracking Report
(l) Enter September Transactions
(m) Reconcile Bank Account – September
(n) Prepare listings of Accounts Receivable and Accounts Payable – September
(o) Prepare a Profit & Loss Statement, Balance Sheet and Fixed Asset Report – September
(p) Prepare BAS 01 July – 30 September
(q) Prepare Inventory Tracking Report