Do you want to feel more confident managing the financial side of your small business?

This practical, beginner-friendly workshop will take you through the basics of bookkeeping and show you how Xero can help make managing your business finances easier. We’ll cover invoicing, expenses and receipts, bank feeds and reconciliation, GST/BAS basics, understanding your Profit & Loss, and common bookkeeping mistakes to avoid. Perfect for small business owners who want to better understand their numbers and get more confident using Xero — no bookkeeping experience required.

The workshop combines basic bookkeeping principles with practical Xero guidance, allowing participants to understand not only how to use the software, but also why accurate and regular bookkeeping is important to the overall health of their business.

Main Topics Covered:

Understanding money coming into and going out of the business
Setting up good bookkeeping habits and processes
Creating and managing invoices in Xero
Recording bills, expenses and receipts
Understanding bank feeds and bank reconciliation
Introduction to GST and BAS
Reading and understanding a basic Profit & Loss Statement
Keeping business and personal finances separate
Common bookkeeping mistakes and how to avoid them
Understanding when to manage bookkeeping yourself and when to seek assistance from a bookkeeper or accountant

The workshop will use practical examples and demonstrations throughout to make the information easy to understand and relevant to everyday small business operations.

Suitable for: Perfect for small business owners, sole traders and people starting a business who want to better understand their bookkeeping and feel more confident managing their finances using Xero, note: no previous bookkeeping or Xero experience is required.

It is particularly suitable for those who:

Are new to bookkeeping or Xero
Currently manage their own business finances
Want to better understand their income, expenses and cash flow
Want to improve their invoicing, receipt and reconciliation processes
Would like to better understand GST, BAS and Profit & Loss reports
Want practical, easy-to-follow guidance without complicated accounting terminology

Note:

Xero is a trademark of Xero Limited and this workshop is independently delivered and not endorsed by Xero
The workshop provides general educational information, is not accounting, tax or BAS advice, and participants should check their circumstances with a registered tax or BAS agent.

Note: Maximum of 2 bookings per business.

Presenter: Lynette Smoje, Business Advisor from IPS Management Consultants.

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IPS Management Consultants is a provider of SBDC Regional services in the South West, Peel, Mid West/Gascoyne, Pilbara and Wheatbelt regions.

This SBDC Regional workshop is funded by the State Government through the Small Business Development Corporation.

Contact the host of Learn Bookkeeping with Xero - Held Online