This course will jump right into bank feeds and how to use them.
Many Xero courses will spend a lot of time talking about how a full-service accounting system works using Xero. We do recommend spending time learning the full accounting process, and we do have a course that does this.
However, many small businesses want to get right down to data input as fast as possible, and others already have a good understanding of the system and want to focus specifically on bank feeds.
This course will do just that.
For example, some small businesses may be perfectly happy using a cash basis system and will, therefore, not need some of the functions used in a full accounting cycle. Businesses that use a cash basis model can structure their data input to be much more heavily dependent on the bank and bank feed data.
We will discuss types of businesses that fit well into a cash basis model as we work through the practice problems. We will also discuss some problem areas many businesses have and how to set up a system that works.
This course will work through a practice problem and will provide test data that learners can use in their system to follow along if they choose.
One obstacle to learning bank feeds is access to a clean company data file to practice with. Xero is a great resource because they currently offer a free 30 trial.