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Manage & protect cash flow using Accounts Receivable and Payable in Xero
Accounts payable and receivable are vital for cash flow management by showing when you get paid and what you owe. In this course you will learn how to manage your accounts payables/creditors and receivables/debtors in Xero.
By managing your receivables effectively you get paid as quickly as possible, while with your accounts payables you pay when due. Thereby maintaining cash flow in your business and avoiding potential bad debts by following up unpaid invoices efficiently. All of which can be automatically managed in Xero via email correspondence and reporting.
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Online Learning
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5 CPD hours per course
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Certificate of completion
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Instant access, start NOW!
Xero Course Options
Xero Accounts Payable and Accounts Receivable
Manage Invoices and Bills in Xero
5 CPD Study Hours
Digital training manual included
Follow along with the practical exercises
Manage Cashflow and reporting in Xero
$209 RRP $245
Payment Plan Available $29.44 per week for 9 weekly instalments
*Sale Pricing valid pay up front in full only
Xero Bundle
Online Learning
Accounting, Payables, Receivables, Payroll and Advanced Courses
21 CPD Study Hours
Four course bundle
Digital training manuals included
Follow along with the practical exercises
$506 RRP $595
Payment Plan Available $68.33 per week for 9 weekly instalments
*Sale Pricing valid pay up front in full only
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Xero Experts
Accounting Software Training experts since 1999
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Online Tutorials
Instant Access
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Amazing Support
Experienced trainers and passionate support
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PDF Resources
Australian written learning material
Xero accounts payable and accounts receivable - What you will learn
Xero accounts payable and accounts receivable
Chapter 1. Basic Accounting concepts
In this chapter, we will discuss basic accounting concepts and legislation that impact the bookkeeping industry.
- Double entry Accounting
- The Accounting Process
- Financial Industry Legislation and Codes of Practice
Chapter 2. Using Xero as a Cashbook
- Set up Xero Free Trial
- Access the Demo Company
- Xero Navigation
- Chart of Accounts
- Tax Rates
- Creating a bank account
- Understanding Xero bank feeds
- Bank Rules
- Discuss Transactions
- Bank Transfer Transactions
- Create a Transaction
- Cash Coding
- Finding your Account Transactions
- Bank Reconciliations
Chapter 3. Manage Accounts Receivable – Subsidiary Ledger
- Activity
- Invoicing Requirements
- Invoicing in Xero
- Amending Tax Invoices in Xero
- Identify outstanding debtors in Xero
- Payment Terms & Advice
- Handling Debtor payments
- Amending Payment Receipts
- Debt Recovery
- Activity
- Debt Recovery in Xero
- Bad Debts
- Activity
- Debtor Reporting to Management
- Returns and Credits
Chapter 4. Manage Accounts Payable – Subsidiary Ledger
- Activity
- Products and Services
- Entering Bills in Xero
- Pay Bills
- Reconciling Supplier Statements to Xero
Chapter 5. Generating Key Reports
- Trial Balance
- Profit and Loss
- Balance Sheet
What distinguishes accounts receivable from accounts payable?
Who owes money is the primary distinction between accounts payable and accounts receivable. Accounts payable deals with the cash you owe suppliers and vendors for costs incurred by your business. On your balance sheet, these accounts are often treated as recurring current liabilities.
The money your clients owe you for your goods and services is known as accounts receivable. They appear on balance sheets and other accounting reports as a current asset.
Why are accounts receivable and payable important?
Accounts payable and receivable make ensuring the company has enough money flowing in to pay its bills and, ideally, have money left over. You can't effectively manage your cash flow if you don't keep track of your payables and receivables.
Managing both types of accounts enables you to plan your spending for foreseeable expenses, identify opportunities to negotiate better prices with vendors and suppliers, and encourage clients to pay their bills more quickly. Additionally, it helps speed up the process of collecting past-due accounts. You don't think cash flow management is crucial? Approximately 80% of business failures are the result of poor cash flow management.
Accounts Receivable Job Description
Learn about the essential qualifications, tasks, obligations, and abilities that are required in an accounts receivable job description.
By ensuring that customers are accurately billed for goods or services, accounts receivable specialists help businesses make money. In collaboration with other departments, they carry out various responsibilities to guarantee client payments, such as recording and verifying transactions, resolving account inconsistencies, and resolving account discrepancies.
- Short online assessments to test your knowledge are included on the student learning platform with a Certificate of Completion available after the final online quiz.
- Digital Certificate of Completion, available as a printable PDF and has a QR code to verify authenticity.
- 5 Hours CPD each course - Xero Accounting and Xero Payroll
Most students complete each Online Xero Course in around 5 hours and the classroom courses, when available, are a full day.
- You will have 12 months of access to the online tutorials, digital training manual and the Applied Education student portal.
- Study online at a pace that suits your personal situation.
- You can watch the videos and refer to the learning material on the Applied Education platform as often as you need.
- Online Access to Learning Tutorials
- Course Presentation Slides
- Electronic PDF Course Manual
- Resources and Publications Where Applicable
The course content is accessed via our online student portal, with additional resources and extra learning materials also available. Please note due to copyright the electronic manuals cannot be printed or edited. If you prefer hard copies when studying, they can be ordered and purchased when enrolling in your course.
Course Fees and Payment Plans
We understand not everyone has the financial resources upfront to invest in training, so we offer a 9-week payment plan to get you moving faster towards your future.
- An administration fee of $20 is added for this option
- All you need is a valid credit or debit card
- Pay first weekly instalment on enrolment of course
- Remainder to be paid over eight equal weekly instalments. Total of nine payments.
Refund Policy
Refer to the Terms and Conditions for our refund policy. There is a non-refundable administration fee of $50.
Internet access – a reliable internet connection is required. All data files and learning activities are available via the student platform.
Our Xero-Certified Trainers
Brett Thornett
Brett has over 20 years experience at the forefront of accounting software training. Applied Education was one of the first companies in Western Australia to deliver and write Xero Accounting training courses, and we pride ourselves on our outstanding accounting knowledge and experience to deliver a thorough and comprehensive training course.
Dan Logan
Dan is a Xero-certified trainer at Applied Education and a specialist in IT Systems & Applications and Project Management. His in-depth knowledge and practical experience in Enterprise Computing, Microsoft applications, Google Suite and more recently cloud architecture implementations. Dan’s passion in education began with his early role as a high school teacher.
Accounting Software Training bundles
Xero & MYOB Masterclass Bundles Available
Up to 57% saving off the RRP of $937
Choose A Bundle to suit your career - MYOB and Xero Bundles or the Complete Masterclass
Over 20-hours of on-demand tutorials
Detailed training manuals in PDF format (non printable)
Access anytime
Certificates of completion
