Xero Software Training

Xero training teaches how to use Xero. We begin with easy steps like adding entries and setting expense categories. Then we move to harder tasks like handling asset depreciation.

Before we touch on Xero, our teachers explain basic accounting. You need to know accounting to use Xero. For instance, you should understand terms like “fixed asset” or how to label an R&D expense.

Consider a company spending $5,000 on a machine. It’s not just an “Operating Expense”. It’s an investment in a capital asset. This asset must be depreciated yearly and written off after its lifespan.

For instance, if a machine costs $5,000 and lasts 5 years and can be sold for $1,000 after 4 years, then yearly depreciation is ($5,000 – $1,000) / 5, or $800. This means you reduce its value by $800 every year.

Many Xero courses don’t discuss basic concepts like depreciation. But we believe understanding these basics prevents errors. So, in our Xero training, we emphasize learning accounting.

Older accountants sometimes struggle because they aren’t familiar with new technologies.¹ Younger accountants might know more about these technologies.

If an experienced accountant doesn’t learn Xero, they might lose their job. It’s like a banker not knowing how to use Excel; you need it to make financial predictions.

We offer Xero training courses to help. But our trainers can’t make you learn. You need to want to learn. If you don’t have an open mind, learning becomes tough.

Most Singapore businesses use Xero. But many companies don’t offer training on it. So, not knowing Xero can make it hard to get an accountant job in Singapore.

Students who finish our course and pass get a certificate. This certificate shows you finished WLP Academy’s Xero training. It proves to employers you know how to use this business software.

Many companies want accountants with university degrees. But a Xero certificate can improve your chances for an interview. In the interview, they might ask about your Xero skills and how you use it.

WLP Academy’s Xero course doesn’t need prior knowledge. But learning basic accounting first is helpful². Business or accounting graduates are already set.

We have short and long Xero courses. There’s also an online option.

By the end of WLP Academy’s Xero accounting training, you should know:

• How to add and remove entries in Xero
• How to add expense and income categories
• How to add bank accounts
• Do reconciliation between figures in Xero and actual figures in bank account
• How to create and send invoices automatically to clients
• How to set up and do payroll automatically in Xero
• How to add depreciation entries in Xero

To get started on Xero now, you can check out our how to use Xero software tutorial.

Understanding how to use Xero is essential for companies now. It’s a program that makes daily accounting tasks automatic. This lets you spend more time on important things. With Xero, you can bring in bank deals, remind people about bills, and create income with Xero projects.

• Xero is one of the largest small business accounting softwares in the world. Chances are, you’ll have to use Xero if you’re doing bookkeeping for a small business in Singapore.
• Xero software training is for accountants and bookkeepers that are looking to re-train and keep up-to-date with technology systems in the accounting industry.
• This is not suitable for accounting beginners since this is a faster paced training course.

You must have an internet connection to use Xero because it’s online. It’s different from Excel, which works offline. But you don’t need a very fast connection. Using Xero with mobile data or cafe wifi should work smoothly.

Xero is compatible with the following browsers:

• Microsoft Edge
• Google Chrome
• Safari
• Mozilla Firefox
• Internet Explorer 11

Different versions of Xero have different minimum requirements from the MacOS or Android

It certainly would. Xero training is designed to cover the following sectors:

• Retail
• Construction
• Information & Technology
• Wholesale
• Import and Export Business
• Law firms

Yes, they do the same job! Xero and Quickbooks are both for small business accounting.³ Even if the software is different, accounting basics like “depreciation” remain unchanged. Your financial reports will look similar.

Learning another software like Xero can show you how it differs from Quickbooks.