Xero accounting Training Course Singapore

WSQ Xero Accounting Software Training Course in Singapore

Learn to manage finances efficiently with our Xero Accounting Software Training Course in Singapore. Master invoicing, bank reconciliation, expense tracking, and financial reporting. Ideal for business owners, accountants, and professionals seeking hands-on expertise in cloud-based accounting solutions.

WSQ

Singapore Workforce Skills Qualifications

SkillsFuture Eligible

PSEA

Post Secondary Education Account

Schedule

Days: 3 Days
Time Duration: 21 Hours
Timing: 9:30 AM – 5:30 PM
Venue: 10 Anson Road, International Plaza, Singapore 079903

SSG Course Details

TGS-2020501882
Mode of Training : Physical Training
Course Validity : Until 31-12-2024

Key Features

Hands-On Exercises
Attention to each participants
10 Year Experienced Trainer
SkillsFuture Approved Course

Step-By-Step Course
100% Satisfactory Record
Trained more than 10000 Participants

Entry Requirements

Above 16 years old

High School Level English

Basic internet & computer operation skills

Who Should Attend WSQ Xero Accounting Software Training Course

The WSQ Xero Accounting Software Training Course is ideal for small business owners, finance professionals, aspiring accountants, and career switchers. Learn to manage finances, automate transactions, and generate reports efficiently using Xero, enhancing your accounting skills and business productivity.

Analyst

Business professionals

Entrepreneur

Training Professionals

Student

What Will You Learn WSQ Accounting For Non-finance Managers Course

By the end of this course, participants will gain essential accounting knowledge and skills tailored for non-finance managers. The key learning outcomes include:

Understanding Financial Statements: Learners will become proficient in reading and interpreting financial statements, including balance sheets, income statements, and cash flow statements.
Basic Accounting Principles: Participants will grasp fundamental accounting concepts such as double-entry bookkeeping, accruals, prepayments, and inventory management.
Budgeting and Forecasting: Learners will acquire the skills to create, manage, and analyze budgets, as well as perform financial forecasting to support strategic decision-making.
Financial Performance Analysis: Participants will learn to evaluate financial performance using key metrics and ratios, enabling them to make informed business decisions.
Cost Management: Learners will understand cost behavior and cost allocation, helping them to identify cost-saving opportunities and improve overall financial efficiency.
Compliance and Reporting: Participants will be introduced to regulatory frameworks and compliance requirements, ensuring accurate financial reporting and adherence to relevant guidelines.
Communicating Financial Information: Learners will develop the ability to effectively communicate financial information to non-financial stakeholders, enhancing collaboration and understanding across departments.

Course Fees:

Any 1 level: $245/pax/ 1-level
Any 2 level: $450/pax/ 2- level
All 3 levels: $525/pax/3-level

The mentioned course fee is excluded of GST. New GST rate of 9% will be applied for all registrations made after 31st December 2023

This price includes also the training materials, and training laptop.

You are also entitled to a free refreshing course (one time) with us within 6 months after the course. The refresher course is one time booking, no rescheduling. You can always check out the schedules via our website and email to us to book.

Group discount:

From 4 participants joining together, there is 5% discount for each participant.

From 5 participants joining together, there is 10% discount for each participant.

Corporate training:

For a group with a minimum of 12 pax, we can conduct the private/in-house training. The course outline can be customized upon request. (Course fee depends on the number of participants and customized program).

Funding:

Currently, only our Basic level is under the Gov fund, the Intermediate and Advanced levels are not yet under the Gov fund.

For individual self-sponsor:

The Intermediate and Advanced levels are not claimable yet.

The breakdown is as follows:

Pay the Intermediate & Advanced levels+GST:

$280*1.09=$305.2

For those taking 3-Day Xero Course together can partially claimable by UTAP for NTUC members: 50% of the unfunded course fee, cap at $250/year/pax. Unfunded course fee refers to the balance course fee payable after applicable government subsidy (Applied to course starting before 31 Mar 2025)

Before the course:

Book via this link: http://www.inspizone.com/course-registration-form/
Receive the invoice and claim/payment instructions from Inspizone:

Pay the Intermediate level+GST:	$2051.09=$223.45*
Pay the Advanced level+GST:	$751.09=$81.75*

After the course:

Submit the claim from UTAP and get back

50%* $305.2=$152.6 (Cap at $250/pax/year)

(NTUC will transfer you 2-3 weeks after you submit the claim).

Course Schedules:

Basic Level Physical Class (day 1)	Intermediate Level Physical Class (day 2)	Advanced Level Physical Class (day 3)
24 June 2024	25 June 2024	26 June 2024
29 July 2024	30 July 2024	31 July 2024
5 August 2024	6 August 2024	7 August 2024
11 September 2024	12 September 2024	13 September 2024

Note:

From 5 participants joining together, we can open a new class on requested schedule, subjected to trainer availability.
From 8 participants, we will be able to conduct in-house training with customized course outlines also.

WSQ Xero Accounting Software Course Outline: Basic Level

Module 1. Basics Of Accounting

What is accounting?
Bookkeeping
Financial accounting

Module 2. Financial Accounting

Financial accounting
Overview of the balance sheet
Balance sheet example
Limitations of the balance sheet
Differences between the balance sheet and income statement
Overview of the income statement
Income statement example
Overview of the cash flow statement
Cash flow example
Summary of financial reporting

Module 3. Managerial Accounting

Product costing
Break even
Budgets
Real life examples of managerial accounting

Module 4. Xero Account Setup

Sign Up Xero Online
Xero Online Plan
Xero Online Dashboard
Chart of Accounts Setup
Company Setup
Setting: Organization
Setting: Charts of Account
Setting: Others

Module 5. Set Up A Bank Account

Create a bank account + bank feed setup
Import data into the bank account

Module 6. Issue An Invoice

Directly Issue an invoice
Issue a quotation
Convert the quotation into invoice
Enable online payment to the invoice
Add credit note to write off bad debt
Overview on invoice management

Module 7. Expenses

Purchase Order / Bill
Claim Expense

Module 8. Tax

Setting up the tax
View the tax report

Module 9 – Reports

All Reports
Popular Reports
Running Reports

Module 10. Other Tasks

Manager Users
Connected Apps
Help & Resources

WSQ Xero Accounting Software Course Outline: Intermediate Level

Module 1 - How To Set Up And Manage A Chart Of Accounts In Xero

Adding General Ledger Accounts
Importing Charts of Accounts

Module 2 - How To Bring In Account Balances When Converting To Xero

Setting the Conversion Date
Bank Accounts Conversion Balances
Accounts Receivable Conversion Balance
Accounts Payable Conversion Balance
Other Accounts Conversion Balances
Comparative Balances

Module 3 - How To Set Up And Use Tracking Categories

Creating, Managing and Using Tracking Categories

Module 4 - How To Manage Expense Claims

Submitting a Claim
Approving and Paying Claims

Module 5 - How To Use Products And Services (Inventory) In Xero

Adding Services
Adding Untracked Products
Adding Tracked Products
Importing Products and Services
Importing Inventory Opening Balances
Inventory Adjustments

Module 6 - How To Process Manual Journals

Posting Journals
Auto-Reversing Journals
Repeating Journals
Importing Journals

Module 7 - How To Set Up And Manage A Fixed Asset Register In Xero

Adding Assets Owned Before Xero Conversion Date
Running Depreciation
Adding Assets from Bank Transactions
Adding Assets from Spend Money Transactions
Fixed Assets Reports

Module 8. Budget Manager

Create/Import Budgets
Edit/Delete Budgets
Prepare cashflow forecast
Budget Summary Report
Budget Variance Reports
Export Budgets

Module 9. End-Of-Period Closing

Month-End Closing entry
Year-End Closing Entry

Module 10. Advanced Xero Functions

Inventory Adjustments
Setting up Multiple Currency and handling Transaction
Case Study and Exercises

WSQ Xero Accounting Software Course Outline: Advanced Level

Module 1: Introduction

Getting Started in Xero
What is cloud-based system?
Features and advantages of using Xero
Exploring Xero and getting to know Xero functions
How to edit Xero Dashboard and create shortcut tools

Module 2: Setting Up Company & Chart of Accounts

Creating a New Company in Xero
How to set up payment services (paynow bar code) in invoice generated to customers
User Access and roles in particular to project role and payroll admin
Setup of Chart of Accounts through import of Chart of Accounts with account balance
Setup Account Opening Balances from the Balance Sheet with more complicated activity

Module 3: Setting up Bank Account

Connecting or Adding Bank Accounts in Xero
Activating Bank Feeds from your bank into Xero
Importing bank statement transactions

Module 4: Contact Management

Getting familiar with Contacts
Setting up Contacts through manual creation instead of importing them
How to do housekeeping on unused/unwanted contacts

Module 5: Inventory Management

Adding Services
Adding Untracked Products
Adding Tracked Products
Importing Products and Services
Importing Inventory Opening Balances
Inventory Adjustments

Module 6: Managing Sales Transactions

Recording Sales Quotes and converting into a new Sales Quote, Invoice, Purchase Order and Bill
Recording Customer payments for invoices
How to perform contra entry for contacts who are both customers and suppliers
View and send statements of contacts who are both customers and suppliers

Module 7: Managing Purchase Transactions

Recording Purchase Orders and convert to another purchase or sales transaction
Copy Bill to a sales or purchase document
Recording Purchases Credit Note
Recording Recurring or Repeating Purchases Transactions
Recording individual payment to supplier, batch payment and planned payment including foreign payment
Expense Claims Management
How to assign expense claims to customers

Module 8: Tax

Recap on Tax Setup, Tax Returns & Tax Reports
How to handle GST paid to custom and view its impact on Tax Returns

Module 9: Budget & Payroll Manager

Recap on creating/importing/editing/deleting Budgets and Budget Reports
How to set up new Pay Items and monthly Pay Run
How to generate Pay Run Reports, Pay Run By Employees, Pay Run By Pay Item, Pay Run By Pay Type Reports

Module 10: Advanced Xero Functions - Overview

Inventory Adjustments
Setting up Multiple Currency and handling Transactions with more complicated activity
Use and setup of Tracking Categories
Fixed Assets and Depreciation
Complete Overview on Project Management with activity
Journal Adjustments
Recurring/Repeating Transactions