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Xero Accounting - Beyond the Basics

  • Canning River Eco Education Centre (CREEC) Corner Kent St & Queens Park Rd Wilson, WA 6107 Australia (map)

A follow on from the Intro to Xero workshop, this advanced Xero Workshop will cover in-depth Bank Reconciliations, fixing errors and Payroll Management where we cover the common scenarios experienced when managing payroll.

Topics Covered :

1. A closer look at bank reconciliation

  • Reconciliation issues 
  • Creating Bank Rules 
  • Cash coding 
  • Reconciling errors 
  • Incorrect bank statement balance 
  • Bank Reconciliation reports 

2. Annual leave

  • Creating & processing leave
  • Create a new leave type
  • Accruing leave 
  • Processing leave taken
  • Delete a new leave type
  • Adjustment to leave balances
  • Understanding leave requests
  • Reversing leave hours
  • Adjustment to leave balances using an unscheduled pay run

3. Managing pay adjustments

  • Managing pay adjustments (within existing pay run)
  • How to add a recurring tax adjustment
  • How to manage irregular payments
  • Unscheduled pay runs (out of cycle)
  • Unscheduled pay runs to rectify errors in posted pay runs
  • Correcting errors to resc (reportable employer superannuation contribution)

4. Overpayments

  • Reducing the Next Pay Run
  • Expense Claims and Reimbursements
  • Non-Cash Payments of Wages

5. End of period processing

  • Reconciliation of payroll to financial statements 
  • Reconcile periodic profit & loss items 
  • Reconcile superannuation fund liability with outstanding fund payments
  • Reconcile wages payable – payroll liability account 
  • Create a leave liability journal 
  • Payroll reports for IAS preparation 

6. ETP & termination payments

  • Annual Leave Entitlement on Termination Pay
  • Processing the ETP Component

7. Troubleshooting

  • Changing an employee’s superannuation fund
  • Employee’s not appearing in a pay run
  •  Unposting a pay run

8. Payment summaries

  • Payment summary details report
  • Preparing payment summaries during the year

Please Note:

This course does not cover any legal or accounting aspects of payroll preparation or reporting not related to Xero.

If terms like Net Wages, PAYGW and Activity Statement are unknown to you or you have never processed a pay run before this course is not suitable for your requirements

Cost: 

  • Free

presenters_sharon_bagnall.jpg

Sharon Bagnall - Aquarius Business Support

Sharon Bagnall, as a registered BAS agent, is the go to person for all things bookkeeping.

Fully trained in all areas of bookkeeping and an accredited Member of the Institute of Certified Bookkeepers she is experienced in a range of software packages including but not limited to Xero and MYOB.

Utilising her vast experience in Senior management and general management roles Sharon can aid your business with this knowledge and provide a higher level of bookkeeping and overall business support services.

 
Earlier Event: April 13
Intro to Xero
Later Event: April 18
Present to Influence "Sundowner"