November 2023
Xero is one of Australia's most popular cloud accounting software platforms, used by hundreds of thousands of small businesses. If you're new to Xero, this guide will help you get started.
Xero is cloud-based accounting software that lets you manage your business finances from anywhere. It connects to your bank accounts, processes invoices, tracks expenses, manages payroll, and prepares reports — all in one place.
Start by entering your business details, connecting your bank accounts, and setting up your chart of accounts. Xero has setup wizards to guide you through the initial configuration.
Creating and sending invoices in Xero is straightforward. You can customise your invoice template with your logo and branding, set up recurring invoices, and track which invoices have been paid.
Xero's bank feed feature automatically imports your bank transactions. You then match (reconcile) these transactions to your invoices and bills, keeping your books accurate and up-to-date.
PRZ Tax & Accounting can help you set up and manage Xero for your business.