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Accounts Payable and Accounts Receivable Using Xero

Manage your Sales and Bills using Xero

Manage & protect cash flow using Accounts Receivable and Payable in Xero

Accounts payable and receivable are vital for cash flow management by showing when you get paid and what you owe. In this course you will learn how to manage your accounts payables/creditors and receivables/debtors in Xero.

By managing your receivables effectively you get paid as quickly as possible, while with your accounts payables you pay when due. Thereby maintaining cash flow in your business and avoiding potential bad debts by following up unpaid invoices efficiently. All of which can be automatically managed in Xero via email correspondence and reporting.

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  • Online Learning

  • 5 CPD hours per course

  • Certificate of completion

  • Instant access, start NOW!

Xero Course Options

Xero Accounts Payable and Accounts Receivable

 

Manage Invoices and Bills in Xero

5 CPD Study Hours
Digital training manual included
Follow along with the practical exercises
Manage Cashflow
Reporting in Xero

$209 RRP $245

Payment Plan Available $29.44 per week for 9 weekly instalments

Xero Bundle
Online Learning

 

Accounting, Payables, Receivables, Payroll and Advanced Courses

21 CPD Study Hours
Four course bundle
Digital training manuals included
Follow along with the practical exercises
Access to Xero Advisor Certified course

$506 RRP $595

Payment Plan Available $68.33 per week for 9 weekly instalments

  • Xero Experts

    Accounting Software Training experts since 1999

  • Online Tutorials

    Instant Access

  • Amazing Support

    Experienced trainers and passionate support

  • PDF Resources

    Australian written learning material

Xero accounts payable and accounts receivable - What you will learn

Xero accounts payable and accounts receivable

Chapter 1. Basic Accounting concepts

In this chapter, we will discuss basic accounting concepts and legislation that impact the bookkeeping industry.

  • Double entry Accounting
  • The Accounting Process
  • Financial Industry Legislation and Codes of Practice

Chapter 2. Using Xero as a Cashbook

  • Set up Xero Free Trial
  • Access the Demo Company
  • Xero Navigation
  • Chart of Accounts
  • Tax Rates
  • Creating a bank account
  • Understanding Xero bank feeds
  • Bank Rules
  • Discuss Transactions
  • Bank Transfer Transactions
  • Create a Transaction
  • Cash Coding
  • Finding your Account Transactions
  • Bank Reconciliations

Chapter 3. Manage Accounts Receivable – Subsidiary Ledger

  • Activity
  • Invoicing Requirements
  • Invoicing in Xero
  • Amending Tax Invoices in Xero
  • Identify outstanding debtors in Xero
  • Payment Terms & Advice
  • Handling Debtor payments
  • Amending Payment Receipts
  • Debt Recovery
  • Activity
  • Debt Recovery in Xero
  • Bad Debts
  • Activity
  • Debtor Reporting to Management
  • Returns and Credits

Chapter 4. Manage Accounts Payable – Subsidiary Ledger

  • Activity
  • Products and Services
  • Entering Bills in Xero
  • Pay Bills
  • Reconciling Supplier Statements to Xero

Chapter 5. Generating Key Reports

  • Trial Balance
  • Profit and Loss
  • Balance Sheet

What distinguishes accounts receivable from accounts payable?

Who owes money is the primary distinction between accounts payable and accounts receivable. Accounts payable deals with the cash you owe suppliers and vendors for costs incurred by your business. On your balance sheet, these accounts are often treated as recurring current liabilities.

The money your clients owe you for your goods and services is known as accounts receivable. They appear on balance sheets and other accounting reports as a current asset.

Why are accounts receivable and payable important?

Accounts payable and receivable make ensuring the company has enough money flowing in to pay its bills and, ideally, have money left over. You can't effectively manage your cash flow if you don't keep track of your payables and receivables.

Managing both types of accounts enables you to plan your spending for foreseeable expenses, identify opportunities to negotiate better prices with vendors and suppliers, and encourage clients to pay their bills more quickly. Additionally, it helps speed up the process of collecting past-due accounts. You don't think cash flow management is crucial? Approximately 80% of business failures are the result of poor cash flow management.

Accounts Receivable Job Description

Learn about the essential qualifications, tasks, obligations, and abilities that are required in an accounts receivable job description.

By ensuring that customers are accurately billed for goods or services, accounts receivable specialists help businesses make money. In collaboration with other departments, they carry out various responsibilities to guarantee client payments, such as recording and verifying transactions, resolving account inconsistencies, and resolving account discrepancies.

  • Short online assessments to test your knowledge are included on the student learning platform with a Certificate of Completion available after the final online quiz.
  • Digital Certificate of Completion, available as a printable PDF and has a QR code to verify authenticity.
  • 5 Hours CPD each course - Xero Accounting and Xero Payroll

Applied-Education-Digital-Certificate
Certificate shown for illustration purpose only.

Most students complete each Online Xero Course in around 5 hours and the classroom courses, when available, are a full day.

  • You will have 12 months of access to the online tutorials, digital training manual and the Applied Education student portal.
  • Study online at a pace that suits your personal situation.
  • You can watch the videos and refer to the learning material on the Applied Education platform as often as you need.
  • Online Access to Learning Tutorials
  • Course Presentation Slides
  • Electronic PDF Course Manual
  • Resources and Publications Where Applicable

The course content is accessed via our online student portal, with additional resources and extra learning materials also available. Please note due to copyright the electronic manuals cannot be printed or edited. If you prefer hard copies when studying, they can be ordered and purchased when enrolling in your course.

Course Fees and Payment Plans

We understand not everyone has the financial resources upfront to invest in training, so we offer a 9-week payment plan to get you moving faster towards your future.

  • An administration fee of $20 is added for this option
  • All you need is a valid credit or debit card
  • Pay first weekly instalment on enrolment of course
  • Remainder to be paid over eight equal weekly instalments. Total of nine payments.

Internet access – a reliable internet connection is required. All data files and learning activities are available via the student platform.

  • Xero also offers official Xero Certification that is completed via Xero Central Learning
  • We recommend students complete our Xero Learning Bundle before attempting the Certification lessons.

Dan Xero Certified Advisor

Our Xero-Certified Trainers

Xero Certifiied

Accounts Receivable and Accounts Payable Using Xero 1Brett Thornett

Brett has over 20 years experience at the forefront of accounting software training. Applied Education was one of the first companies in Western Australia to deliver and write Xero Accounting training courses, and we pride ourselves on our outstanding accounting knowledge and experience to deliver a thorough and comprehensive training course.

Accounts Receivable and Accounts Payable Using Xero 2Dan Logan

Dan is a Xero-certified trainer at Applied Education and a specialist in IT Systems & Applications and Project Management. His in-depth knowledge and practical experience in Enterprise Computing, Microsoft applications, Google Suite and more recently cloud architecture implementations. Dan’s passion in education began with his early role as a high school teacher.

Accounting Software Training bundles

Xero & MYOB Masterclass Bundles Available

Up to 57% saving off the RRP of $937

Choose A Bundle to suit your career - MYOB and Xero Bundles or the Complete Masterclass

Over 20-hours of on-demand tutorials

Detailed training manuals in PDF format (non printable)

Access anytime

Certificates of completion

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