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Xero Accounting Software #2 Generate & Analyze Reports

Analyze the different types accounting of report in Xero

Created byRobert Steeleworkspace_premiumBest Instructor
BeginnerUpdated Nov 13, 2023

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.

Course Content

1 activity • 26 videos • duration: 6h 53m

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Section 126 videos • 6.9 hours
  • videocam1640 Reports Overview
    Duration 33:22
  • videocam2020 Balance Sheet Report Overview
    Duration 18:01
  • videocam2040 Report Formatting Basics
    Duration 20:38
  • videocam2100 Comparative Balance Sheet Creation977fff.autosave990508.autosave
    Duration 14:39
  • videocam2120 Balance Sheet Vertical Analyses
    Duration 9:49
  • videocam2180 Reports - Print, Save as PDF, & Organize
    Duration 17:56
  • videocam2181 Export Balance Sheet to Excel
    Duration 14:59
  • videocam3020 Profit & Loss, P&L, Income Statement Overview
    Duration 17:16
  • videocam3040 Comparative Profit & Loss, P&L, Income Statement
    Duration 11:10
  • videocam3060 Vertical Analysis Profit Loss, P&L, Income Statement
    Duration 8:06
  • videocam3100 Print, Save as PDF, & Organize Profit & Loss or Income Statement Reports
    Duration 13:38
  • videocam3105 Export to Excel Profit & Loss or Income Statement Reports
    Duration 15:29
  • videocam4020 Statement of Cash Flows
    Duration 18:06
  • videocam4040 Accounts Receivable Aging Reports
    Duration 12:55
  • videocam4060 Accounts Payable Aging Reports.
    Duration 10:39
  • videocam4065 1099 Reports
    Duration 14:33
  • videocam4080 Sales by Customer & Sales by Item
    Duration 14:41
  • videocam4140 Inventory Reports
    Duration 15:13
  • videocam4160 Payroll & Employee Reportsf766c7.autosave
    Duration 18:33
  • videocam4180 Reconciliation Reports1f8b65c.autosave
    Duration 15:58
  • videocam4200 Transaction Reports
    Duration 11:23
  • videocam4225 Trial Balance
    Duration 10:40
  • videocam4240 Budget & Financial Performance Reports.tscproj
    Duration 23:42
  • videocam4260 Accounts Receivable Graphs
    Duration 15:14
  • videocam4300 Accounts Payable Graphs
    Duration 17:05
  • videocam4320 Sales by Customer, Account, & Item Graphs
    Duration 19:17

Your Instructor

Robert Steele

CPA, CGMA, M.S. Tax, CPI

menu_book294 courses
star1,974 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

Is this course eligible for my CPD requirements as a Canadian CPA?

Provincial regulators of CPAs in Canada do not require that independent providers of CPD be approved to offer courses. Instead, individual CPAs are responsible for assessing whether a CPD activity meets their requirements, and may take activities from any source provided those requirements are met.

Every course offered on LearnFormula is delivered by a qualified subject matter expert or learning organization, and advances learning objectives that are relevant to the responsibilities or professional competencies of Canadian CPAs. All activities on LearnFormula are quantifiable in terms of hours, and are also verifiable, in that users receive documented evidence of their attendance via a certificate of completion after finishing a course (and this certificate is stored by LearnFormula indefinitely). Nearly 100,000 Canadian CPAs successfully satisfy their CPD requirements via LearnFormula on an annual basis.

What Students Are Saying

5.0 out of 5
Student's Choice
11 reviews
  • NS
    Natalie S.
    starstarstarstarstar

    The course was great, learned a lot! Very applicable to my (new) job.

Frequently Asked Questions

We are a registered provider with 300+ associations and regulatory bodies worldwide. We operate across 27 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.

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