Xero for bookkeepers: bank reconciliation, bills, invoices and files

Skills you'll practise

• Explain what a Xero bank feed does and doesn't do, and what to use when no feed is available
• Reconcile bank lines by approving correct suggested matches and rejecting wrong ones
• Use bank rules and cash coding for repeating, similar transactions and check what they post
• Move a supplier bill from capture to approval to payment while respecting roles and duplicate warnings
• Send invoices with reminders and recognize when an incoming payment should be matched to an invoice
• Attach the source document to every bill, expense and invoice

Course outline

1. 1.Xero for bookkeepersVideo · 2 min
2. 2.Bank feeds and reconciling in XeroLesson · 16 min
3. 3.Bills and invoicesLesson · 15 min
4. 4.Files, evidence and judgmentLesson · 14 min
5. 5.Xero for bookkeepers: bank reconciliation, bills, invoices and files: knowledge checkKnowledge check · 16 questions
6. 6.Final exam8 questions · passing it completes the course, so people who already know the material can test out

Sources it draws on

The lessons and questions are written from these references, so learners can go back to the original.

• Xero: Bank reconciliation (auto bank reconciliation with JAX: rule, match, memory, prediction; bank rules; cash coding; bulk reconciliation)
• Xero: Connect your bank (bank feeds, suggested matches, bank rules, read-only feeds, statement upload)
• Xero: Pay bills (bill capture, draft bills for approval, roles and permissions, duplicate detection, planned payment dates, repeating bills, batch payments)
• Xero: Send invoices (templates, sending, Pay now, reminders, repeating invoices, invoice tracking)
• Xero: Store files (attach source documents, email documents to Xero)
• Xero guide: How to do a bank reconciliation