The Xero Advanced Certificate Training course workbook includes exercises and screenshots based on 6 months worth of financials for a business startup and you can refer to the workbook as an aid while you’re viewing the videos.
They’re also great to read over as an after-course resource or wherever you’re not using the internet. But, how do we create them?
In my opinion a true and proper course should be a crafted learning journey that introduces students to new concepts and skills while they are performing ordinary work tasks.
Steve Slisar, EzyLearn
The hardest aspects about creating a training course, include:
To the first time bookkeeper or new business startup owner the most stressful financial aspect of the business occurs when they have to perform their bank reconciliation at the end of the first month or quarter.
That is unless they needed to put a business plan together with financial forecasts because they have to borrow money!
Small business owners are SO fixated on either:
This means they focus on their sales and marketing, operations and support but leave the financial and accounting side to their accountant or often an office manager.
If the data isn’t entered correctly or receipts are not kept then it can be very hard to find and prove what the expenses were for. If the information is not accurate it could result in a journal entry for transactions which are yet to be coded or worst still not claimed as a legitimate business expense.
Accounting costs a business in money and time and lots of entrepreneurs don’t believe it’s good use of their time or money because it doesn’t help them bring more customer into the door or money into the bank account.
You also need to keep evidence of your receipts and records otherwise you’ll have no idea what some of the expenses are in your bank statement when you look at it in a months time!
Much of the features that Xero Accounting software promotes about their software relates to:
In our Advanced Xero Course case study students use advanced features of Xero to catchup on 6 months worth of transactions and produce some financial reports that make sense.
After creating the first month of transactions (income, expenses AND capital purchases) we identify the journal entries and transactions that need to be edited and new data entry to be performed to make the information in the accounting software match the information from the bank.
When you have 6 months worth of bank statements that include paying staff, buying property and incurring debts as well as giving credit you have a beautiful learning journey that teaches bookkeeping course students what to look for and how to fix things.
Incorporate GST, taxes, reporting and payroll and the cost of finishing projects you get a true scope of tasks that need to be performed by small and medium businesses in Australia.
In our courses :
Once you master the software and procedures to ensure you have accurate data entry and transaction coding (considered Accounting Beginners Course skills) you go on to learn and understand
After learn about accurate data entry and taxes and obligations you can use your accounting software to it’s full potential to make smart business decisions.
We use the circumstances of Jerry, the ex-corporate manager, to highlight how to sort out some messy accounting for his new business startup and then suggest or recommend alternative ways to get a similar or better financial result.
Jerry makes lots of business and financial decisions very quickly based on all the different business options he explores. Some of those decisions are big an involve him loaning his own personal funds to his business, buying a commercial property etc so his cashflow is very lumpy and unpredictable.
Learn about the Xero Advanced Certificate Course in Cashflow, Budgeting and ROI
Catchup work is tedious and time consuming but most of all it’s stressful work because it’s up to the business owner to recall and validate the information. Most bookkeepers charge extra for catchup work because it relies on the memory of the business owner and how well that owner keeps their receipts and other accounting records.
Finally, we create the knowledge reviews because tests are the perfect method for making sure you truly absorb the training material. Knowledge reviews can be used as a teaching aid for reviewing your knowledge and highlighting what’s important — and then pointing you in the right direction if you make a mistake. Read about our knowledge reviews and try a very simple one.
Working with our graduates we've discovered that organisations are still looking for staff who can…
We receive lots of bookkeeping course enquiries from students who are changing careers and want…
Am I speaking gibberish or just crazy? No, I'm speaking the language of eInvoicing! PEPPOL…
If your finances are under pressure and you need to learn Xero then our current…
Someone made contact with me recently and told me about an opportunity where "I could…
There are times when I wish we all had the choice to only upgrade our…