WSQ Xero Training in Singapore

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:

  1. Book via this link: http://www.inspizone.com/course-registration-form/
  2. Receive the invoice and claim/payment instructions from Inspizone:
Pay the Intermediate level+GST:  $205*1.09=$223.45
Pay the Advanced level+GST: $75*1.09=$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

Module 11: Bank Reconciliation

  • Reconcile bank feeds or transactions from bank feeds
  • Recording Transactions while reconciling
  • Creating Bank Rules
  • Generating Bank Reconciliation Summary

Module 12: Advanced Reports & Tracking

  • Recap of Reports features
  • How to customize reports to suit your
    organisation’s need with practice