UPDATE - After making this video I was approved for the Xero affiliate program. If you'd like to give Xero a try then here is my new affiliate link: xero5440.partnerlinks.io/08mfchsgfw8z
This was a very quick and thorough overview of Xero. Being an accountant already that uses QB, I feel I could head right into Xero with ease now if I need it for a client. Thank you for this great overview. Your narration was spot on as well for my comprehension.
@@davidmarx5866 The ultimate example of "Funny... Not Funny" ...😅 It's like knowing that my life partner is 'homely' but it only bothers me when someone points it out. 🙀 😉 😂😂😂😂
Great content. Can you do a 'which is better: QB vs Xero" review where you discuss the pros and cons of each to help us decide what to use on our business? Please and thanks!
Brother your way of Teaching is very impressive. 4 years in college < 20 minutes of your videos worth more. Your video is very helpful for us for cracking interviews 😅. ❤ From Pakistan 🇵🇰
Awesome video James! I'm about up to speed with the Xero basics now - what about a video about understanding the numbers/figures in Xero? I'm looking for a deeper dive into the report functions? The organisation I'm working with makes money on each job but is not turning a profit so i need to use xero to figure it out!
Do you have a video on how to process a payment to a credit card? I see a bunch of payments that I made back to my credit cards for monthly memberships such as Xero, and for materials purchased for the company. How do these left side items line up on the right side ?
How about doing an A2X video for FBA? If it is as good as this one I'd definitely watch and I'm an accountant so well done and thank you for your clarity of delivery.
So, I receive a check that often includes payment for multiple invoices to the same customer for different jobs. (99% of inv billed to 1 customer ) I've been using QB, which has a receive payment button, just select a customer, and then invoices for that customer and make amount changes. The check is then kept in the deposit balance until I record the deposit. I don't see how it's done in Xero. It appears to go directly into the checking account for each inv. Also, can I import my QB file into Xero? I canceled my subscription to QB because they were screwing me on price and holding me hostage to my software which has now been deactivated by them TOTAL BS! So I need a new system.
Hey bro, thank you for your amazing content, I'm new in this niche and I'll love to understand the basics. I've a question (could be pretty basic) but I don't quite undertand the difference between the Chart of accounts and the general ledger, can you plese help me with that? Thanks again bro. Blessings and have a wonderful life :)
The Chart of accounts is just a list of all categories (eg Fixed Assets could be one category) in the Accounting records - it does not include amounts. Transactions are recorded in the General Ledger. Hope that helps
Hi. I knew Accounting Stuff 3 years ago, and now I know about this Xero video. This is a fantastic summary. But I wanna dive deeper. Do you recommend any online (and free preferably as I'm broke) courses about Xero I can follow? Thank you so much.
Hey, this is amazing but is it any different to the Australian Zero? If so, can you state the differences and maybe make a video using the Australian one?
Xero doesn’t support US tax accounting as well as it does Australian. It doesn’t support US MACRS depreciation for example, which is close to but not quite identical with double declining balance.
If I’m small enough for Xero to make sense why would I bother with either hideously complex accounting standard? Keep your books according to the tax system you find yourself in.
Think best thing to do is set up petty cash as a separate account in same way as you set up Bank account - you can then do transfer from main account to petty cash
If you want a good program I'd advise finding something else. Support is non existent and it required the usual 2 step authorisation to log in, but you might be waiting hours for that SMS.
Hi James, pls explain what is means at the Shark Tank, when it says the part of "seeking $500k for a 10% stack".. will be very helpful to understand it, Thanks so much
Hi, i have a technical question, i was told to set up Auto BAS from Ato under a billing entity for non billing entity in green xero, first i set up BAS job for non billing entity under the billing one ,then went to non billing entity (client) and activate retrieve auto Bas from ATO but the AS was not retrieved could i ask you why? Can you assist me
Yeah but you don't explain anything... this is like the briefest overview ever. When you enter a bill you just skimmed over the process, you didn't teach anything, the website itself is as explanatory as this video is. There's a drop down called "item" when you enter a bill. You have to choose a number. What's the number for? What number do you put in? You just went past that super fast without explaining anything. Coooooool thanks for the help on how to use xero.
If I remember correctly that drop down relates to products / if you have saved some of the more common products you sell you could then find them in drop down list - just saves you time entering them
did not like this. I need to see the actual accounting all day long--- AP entry, creating AR invoice, AP payment AR invoicing----this is just all peripheral stuff
Hello sorry for interrupting But Jesus died for your sins and he wants you to be with him eternally in heaven, Jesus died for your sins and paid the penalty for your sins. You only have to repent and accept him as your personal Savior and Lord. Romans 10:9 If you declare/confess with your mouth that Jesus is Lord and believing in your whole heart that God raised him from the dead you will be saved. [ Say that loud on your prayer+ repent and Accept Jesus in your heart ]
@@AccountingStuff How confusing and difficult it is to navigate. Like most videos they seem to rely on a user signing into a bank account which i don't do. In other apps I can enter my expenses and income quickly and access what account to send it to. I tried the app for 2 days and still could not make a transaction. Wave and zoho are much easier. Wave is a bit limited I kinda wish I would have found zoho earlier as it has projects but now I no longer need that. I have used simply accounting and quickbooks back when you installed them. I am not new to book keeping software but I can't get my head around how to use xero.
Thanks for this useful video. I'd like to save it to a playlist for future reference but there's no option to do so - have you turned off the save option? If so, why?
Hi there! I really like your videos, We learn a lot, but I have a question, Sometimes you say NO BUENO (Spanish) The question is Do you speak Spanish? That be great if you do, and Please give us videos in Spanish, Believe me, there is not too much info in Spanish. That be great!!
![Lp. Сердце Вселенной #60 РОЖДЕНИЕ ЛОЛОЛОШКИ [Финал] • Майнкрафт](http://i.ytimg.com/vi/YoR0pAV9FVQ/mqdefault.jpg)
UPDATE - After making this video I was approved for the Xero affiliate program. If you'd like to give Xero a try then here is my new affiliate link: xero5440.partnerlinks.io/08mfchsgfw8z
This was a very quick and thorough overview of Xero. Being an accountant already that uses QB, I feel I could head right into Xero with ease now if I need it for a client. Thank you for this great overview. Your narration was spot on as well for my comprehension.
Ditto!
Dude thank you for making a video on Xero! My firm uses it on the regular so this will be very helpful!
No problem Noah! Hope you find it useful :)
this is what I needed ! Thank you very much
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My accounting teachers send us links to your videos :) Thanks so much for providing clear, concise content. Love the Kath Day-Night reference ;)
Haha, well spotted!
I literally installed it yesterday and had no idea how to use it and then i see this the next day!
Best of luck! Hope it helps :)
They are watching you...
@@davidmarx5866 The ultimate example of "Funny... Not Funny" ...😅 It's like knowing that my life partner is 'homely' but it only bothers me when someone points it out. 🙀 😉
😂😂😂😂
This is very useful. Thanks a lot.
Appreciate your Kath & Kim references!
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Thank you, I'm glad someone knows how to make an instructional tutorial. Great information, well explained. Easy peezy. Grateful for your explanation.
Glad you enjoyed it!
Thankyou, a video on setting up opening balances would be great. That’s is entering an existing business into a new Xero subscription.
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Welcome back, been waiting for your video
Thanks, there's more to come!
Hi James, thanks for this! Great help!
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Thanks for the overview of Xero!
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Great content! and I love your channel's name
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Great content. Can you do a 'which is better: QB vs Xero" review where you discuss the pros and cons of each to help us decide what to use on our business? Please and thanks!
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Multiple businesses make online subscription services expensive. Would love to hear someone's detailed explanation of pro and con too
Please 🙏. At least a pro and con
QBO is much more better than Xero. Being an Accountant for 4 years straight I can say that at this time no software comes even closer to QBO.
Awesome. Every tutorial is just so much more pleasant with a cheerful British accent. 🙂
Haha thanks!
My company uses Xero to service our clients. It is such a flexible cloud accounting softwares!
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Awesome video James....very useful for beginners...we need a more video like this..
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Brother your way of Teaching is very impressive. 4 years in college < 20 minutes of your videos worth more. Your video is very helpful for us for cracking interviews 😅. ❤ From Pakistan 🇵🇰
Thanks for your kind words! All the best :)
Another great video James, not used this software yet, but I watched your video all the way to the end as you make it exciting
Cheers mate, much appreciated!
Great explanation! 🙂
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Love your video! Can you please do Xero month end process and year end process video?
more please. you should do a whole course. i love you
Cheers Cory, I'm working on more as we speak
Extremely helpful. Will look more into utilizing this software
Thank you, actual use of the actual system
You're very welcome :)
This is so useful - thank you
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Thanks for the video =)
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Awesome video James! I'm about up to speed with the Xero basics now - what about a video about understanding the numbers/figures in Xero? I'm looking for a deeper dive into the report functions? The organisation I'm working with makes money on each job but is not turning a profit so i need to use xero to figure it out!
Would love a video on intercompany transactions/ journals between sister/parent companies within Xero 😬
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Just do a JE where expense is recorded on the Due From under Other current assets and the deposit is recorded under liability in Due to account head
extremely usefull thank you
That's great to hear thanks!
Welcome back master
⬆️✍️✍️✍️✍️
Thank you. 😊
You're welcome! Btw.. I released an updated version of this video today: ua-cam.com/video/fVOn-DG_ZzE/v-deo.html
Wonderful Job!
very well and efficiently explained and given the overview of each navigation bar.
Thank you
Thanks Ramesh!
Great video!!!
Thanks!
Thank you for a great and very informative video.
You're very welcome :)
Please make a video on Sage 50. Your work is truly appreciated. Thanks
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Wow thank you so.much
Would love you doing a waveapp tutorial. You have great content. I’m just on another tool.
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Please create more videos and tutorials on Xero especially on creating transactions (with tax rate?) and reconciling. 🙏😆 Thank you!
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Oh please do a Xero tutorial on cost of goods sold too! 🙏🙏
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Awesome!
Thanks :)
Do you have a video on how to process a payment to a credit card? I see a bunch of payments that I made back to my credit cards for monthly memberships such as Xero, and for materials purchased for the company. How do these left side items line up on the right side ?
James! Great to see you ! Please come to visit more often 😀
Thanks Mona! I'm working on more as we speak :)
Interesting I liked this video Accounting Stuff yes!!!!👍😅
Thanks
Can you please do a video on NetSuite?
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Yay been waiting for you to a video on Xero. Quickbooks is crap is comparison
Hope it's useful for you!
@@AccountingStuff can you please please do a 2-3 hour course? I’ll pay
Great 👌
You're most welcome :)
How about doing an A2X video for FBA? If it is as good as this one I'd definitely watch and I'm an accountant so well done and thank you for your clarity of delivery.
👆
So, I receive a check that often includes payment for multiple invoices to the same customer for different jobs. (99% of inv billed to 1 customer ) I've been using QB, which has a receive payment button, just select a customer, and then invoices for that customer and make amount changes. The check is then kept in the deposit balance until I record the deposit. I don't see how it's done in Xero. It appears to go directly into the checking account for each inv. Also, can I import my QB file into Xero? I canceled my subscription to QB because they were screwing me on price and holding me hostage to my software which has now been deactivated by them TOTAL BS! So I need a new system.
Great... From sudan 😍✌️
Thanks Waleed!
Hey bro, thank you for your amazing content, I'm new in this niche and I'll love to understand the basics. I've a question (could be pretty basic) but I don't quite undertand the difference between the Chart of accounts and the general ledger, can you plese help me with that? Thanks again bro. Blessings and have a wonderful life :)
👆
The Chart of accounts is just a list of all categories (eg Fixed Assets could be one category) in the Accounting records - it does not include amounts. Transactions are recorded in the General Ledger. Hope that helps
Great
Thanks mate!
Would be great to see a QuickBooks vid! 👀
I've made a couple covering QuickBooks already -> ua-cam.com/video/MdPfY4vcbmk/v-deo.html
Netsuite please
Thanks for your request!
Hi. I knew Accounting Stuff 3 years ago, and now I know about this Xero video. This is a fantastic summary. But I wanna dive deeper. Do you recommend any online (and free preferably as I'm broke) courses about Xero I can follow? Thank you so much.
Not sure about free xero course but there are loads of free videos out there plus you can ‘trial’ xero for a month without paying anything
hello, thank you. Is there a way to scan in hard copy invoices rather than manual inputting into contacts/billing
Hey James can you make a video tutorial on how to use a calculator efficiently?
Thanks for your request!
Hey, this is amazing but is it any different to the Australian Zero? If so, can you state the differences and maybe make a video using the Australian one?
👆✍️
Dont think there is a big difference Alison - of course currency plus tax rates will be different but other than that pretty similar
Xero doesn’t support US tax accounting as well as it does Australian. It doesn’t support US MACRS depreciation for example, which is close to but not quite identical with double declining balance.
Hi,
How can I link my retail system EBMbook with Xero?
Thank you for your videos. Could you post a tutorial for Clio and Microsoft dynamics
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Hi James,
Do you have a video that explains the accounting standards (GAAP & IFRS)?
If not, can you make one, please?
Thank you.
I haven't made a video on that topic yet. Thanks for suggesting it to me :)
@@AccountingStuff Please do. It's very important for us. Thank you.
If I’m small enough for Xero to make sense why would I bother with either hideously complex accounting standard? Keep your books according to the tax system you find yourself in.
Can you explain Xero to Xero vs eInvoice?
Thanks for your request!
Could you make a video on zoho books?
Cheers for your request :)
what is the mean of expense claim feature in xero. there are no such thing in qbo
Totally baffled! I just use a simple spread sheet but I'm being forced to use Xero :-(
Being a small business owner, can someone who does not have an accounting background use this?
Possibly, if they are shown the way. The key bit is the set up which I wouldn't recommend doing without any accounting experience.
How do I transfer my QB to Xero without rebuilding my book? Thx
this software can do vessel's costing
Can you please explain how can I create a Cash in hand Account and withdraw money from bank as a Petty cash and keep in Cash account
Thanks for your request!
Think best thing to do is set up petty cash as a separate account in same way as you set up
Bank account - you can then do transfer from main account to petty cash
Hi Dear! I want to work as an accountant on a Freelancing Platform pls help me to learn how I can learn online accounting software
Please make video on TALLY ERP 9
Cheers for your request!
i am using python django,so when i create user there,,will user be created here automatically?? or isnt it possible??
Has James been working out?
yo please make a video on types of errors and how to correct the errors using journals and SUSPENSE ACCOUNT, PLEASE!
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Is MyBooks software legit?
If you want a good program I'd advise finding something else. Support is non existent and it required the usual 2 step authorisation to log in, but you might be waiting hours for that SMS.
Hi James, pls explain what is means at the Shark Tank, when it says the part of "seeking $500k for a 10% stack".. will be very helpful to understand it, Thanks so much
Pls assist to explain it in a video.
Thanks for your request!
hey i need accurate software for next time...
Hi, i have a technical question, i was told to set up Auto BAS from Ato under a billing entity for non billing entity in green xero, first i set up BAS job for non billing entity under the billing one ,then went to non billing entity (client) and activate retrieve auto Bas from ATO but the AS was not retrieved could i ask you why? Can you assist me
SUSPENSE ACCOUNT, PLEASE 🥺
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Yeah but you don't explain anything... this is like the briefest overview ever. When you enter a bill you just skimmed over the process, you didn't teach anything, the website itself is as explanatory as this video is. There's a drop down called "item" when you enter a bill. You have to choose a number. What's the number for? What number do you put in? You just went past that super fast without explaining anything. Coooooool thanks for the help on how to use xero.
If I remember correctly that drop down relates to products / if you have saved some of the more common products you sell you could then find them in drop down list - just saves you time entering them
Couldn’t finish listening because of the sticky mouth sounds. I’m still curious om te content
Thanks for your feedback! I recorded a newer version with a better microphone which you might prefer: ua-cam.com/video/fVOn-DG_ZzE/v-deo.html
did not like this. I need to see the actual accounting all day long--- AP entry, creating AR invoice, AP payment AR invoicing----this is just all peripheral stuff
👆
Hello sorry for interrupting
But Jesus died for your sins and he wants you to be with him eternally in heaven, Jesus died for your sins and paid the penalty for your sins.
You only have to repent and accept him as your personal Savior and Lord.
Romans 10:9
If you declare/confess with your mouth that Jesus is Lord and believing in your whole heart that God raised him from the dead you will be saved.
[ Say that loud on your prayer+ repent and Accept Jesus in your heart ]
👆
will say this app is terrible and there is really no help in this video
What don't you like about it?
@@AccountingStuff How confusing and difficult it is to navigate. Like most videos they seem to rely on a user signing into a bank account which i don't do. In other apps I can enter my expenses and income quickly and access what account to send it to. I tried the app for 2 days and still could not make a transaction. Wave and zoho are much easier. Wave is a bit limited I kinda wish I would have found zoho earlier as it has projects but now I no longer need that. I have used simply accounting and quickbooks back when you installed them. I am not new to book keeping software but I can't get my head around how to use xero.
Thanks for this useful video. I'd like to save it to a playlist for future reference but there's no option to do so - have you turned off the save option? If so, why?
Hi there! I really like your videos, We learn a lot, but I have a question, Sometimes you say NO BUENO (Spanish) The question is Do you speak Spanish? That be great if you do, and Please give us videos in Spanish, Believe me, there is not too much info in Spanish. That be great!!
I lived in Paraguay when I was younger so picked up some Spanish there
@@AccountingStuff SO DO YOU SPEAK FLUENT SPANISH?
Not anymore. I left when I was 10 years old so haven't had a lot of practice since then@@annad6496
Great explanation! 🙂
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