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Courses/Accounting & Tax/Technology for Accountants

Xero Accounting Software #2 Generate & Analyze Reports

Analyze the different types accounting of report in Xero

Created byRobert Steeleworkspace_premium
5.0
(10 reviews)
BeginnerUpdated Nov 13, 2023
Xero Accounting Software #2 Generate & Analyze Reports

What You'll Learn

check_circleCreate the major financial reports of the balance sheet and income statement.
check_circleCreate subsidiary report and analyze how the relate to the balance sheet and income statement.
check_circleManage AR/AP, payroll, inventory, and cash flow reports.
check_circleExport, save, and present Xero data using Excel and visuals.

About This Course

This course is the second in a series of classes covering Xero 2023 comprehensively. Our major focus will be on generating financial statement reports provided by the Xero accounting software.

We will discuss the relationship between most subsidiary financial reports and the main financial statement reports—the balance sheet and income statement.

Explore vital subsidiary reports that provide granular detail, enabling you to:

  • Manage Accounts Receivable and Payable with aging reports.
  • Navigate complex Payroll and 1099 reporting obligations.
  • Track Inventory effectively and understand related reports.
  • Analyze cash flow with the Statement of Cash Flows.
  • Utilize Transaction and Trial Balance reports for detailed review and verification.

Develop practical skills in customizing reports directly within Xero and leveraging its powerful export features. Learn how to efficiently save, organize, print, and export reports (including to Excel for advanced presentation), and even transform raw data into compelling visual graphs (like pie and bar charts) to communicate financial information clearly.

By the end of this course, you will be equipped to confidently generate, analyze, and present a comprehensive suite of Xero reports, becoming an indispensable resource for effective financial management and strategic decision-making.

Your Instructor

Robert Steele
Robert Steele

CPA, CGMA, M.S. Tax, CPI

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star1,926 reviews

Through working with students from many different schools, Mr. Steele has learned best practices for helping people understand accounting fast. Learning new skills and finding the best way to share knowledge with people who can benefit from it is a passion of his. Mr. Steele has experience working as a practicing Certified Public Accountant (CPA), an accounting and business instructor, and curriculum developer. He has enjoyed putting together quality tools to improve learning and has been teaching, making instructional resources, and building curriculum since 2009. He has been a practicing CPA since 2005. Mr. Steele is a practicing CPA, has a Certified Post-Secondary Instructor (CPI) credential, a Master of Science in taxation from Golden Gate University, a Bachelor’s Degree in Business Economics with an emphasis in accounting from The University of California Santa Barbara, and a Global Management Accounting Designation (CGMA) from The American Institute of CPA (AICPA). Mr. Steele has also authored five books that can be found on Amazon or in audiobook format on Audible. He has developed bestselling courses in accounting topics including financial accounting and QuickBooks accounting software. In addition to working as an accountant, teaching, and developing courses Mr. Steele has helped create an accounting website at accountinginstruction, a YouTube channel called Accounting Instruction, Help, and How Too, and has developed supplemental resources including a Facebook Page, Twitter Page, and Podcasts that can be found on I-tunes, Stitcher, or Soundcloud. Mr. Steele's teaching philosophy is to make content applicable, understandable, and accessible. Adult learners are looking for application when they learn new skills. In other words, learners want to be able to apply skills in the real world to help their lives. Mr. Steele’s formal accounting education, practical work experience, and substantial teaching experience allow him to create a curriculum that combines traditional accounting education with practical knowledge and application. He accomplishes the goals of making accounting useful and applicable by combining theory with real-world software like Excel and QuickBooks. Many courses teach QuickBooks data entry or Excel functions but are not providing the real value learners want. Real value is a result of learning technical skills like applications, in conjunction with specific goals, like accounting goals, including being able to interpret the performance of a business. Mr. Steele makes knowledge understandable by breaking down complex concepts into smaller units with specific objectives and using step by step learning processes to understand each unit. Many accounting textbooks cram way too much information into a course, making it impossible to understand any unit fully. By breaking the content down into digestible chunks, we can move forward much faster. Mr. Steele also makes use of color association in both presentations and Excel worksheets, a learning tool often overlooked in the accounting field, but one that can vastly improve the speed and comprehension of learning accounting concepts. The material is also made understandable through the application of concepts learned. Courses will typically demonstrate the accounting concepts and then provide an Excel worksheet or practice problems to work through the concepts covered. The practice problems will be accompanied by an instructional video to work through the problem in step by step format. Excel worksheets will be preformatted, usually including an answer tab that shows the completed problem, and a practice tab where learners can complete the problem along with a step by step presentation video. Mr. Steele makes learning accounting accessible by making use of technology and partnering with teaching platforms that have a vision of spreading knowledge like CPDformula.

Credit Information

Do these courses count toward my professional development requirements?

This portal is provided as a training and development resource for City of Markham employees. Every course is delivered by a qualified subject matter expert or learning organization, is quantifiable in hours, and is verifiable — you receive a documented certificate of completion for every course you finish, stored on LearnFormula indefinitely.

If you hold a professional designation (for example in engineering, accounting, human resources, or law), courses may be counted as professionally relevant, verifiable learning activities toward your continuing professional development. Individual practitioners are responsible for confirming that an activity meets the requirements of their professional body. For questions about the City of Markham's training and development policies, please speak with your people leader or Human Resources.

What Students Are Saying

5.0
Student's Choice
10 reviews

Frequently Asked Questions

We are a registered provider with 327+ associations and regulatory bodies worldwide. We operate across 29 global markets including Canada, the US, Australia, and the UK. Every course page clearly displays its specific accreditations. Upon completion, you receive a professional certificate that can be validated online. Our certificates include all necessary accreditation details, credit hours, and completion dates, and are formatted specifically to meet the submission requirements of most global regulatory bodies.