QuickBooks Online vs Xero Accounting Software

QuickBooks Online vs Xero Accounting Software

QuickBooks Online vs Xero Accounting Software

Compare leading online software packages with a practicing Certified Public Accountant (CPA)

Language: english

Note: 4.6/5 (91 notes) 15,797 students

Instructor(s): Robert (Bob) Steele

Last update: 2020-02-27

What you’ll learn

  • Set up QuickBooks Online & Xero accounting software
  • Navigate QuickBooks Online & Xero accounting software
  • Enter normal business transaction into accounting software
  • Reconcile bank accounts using accounting software
  • Generate and analyze reports including a balance sheet, an income statement, and supporting reports
  • Export Reports to Excel

 

Requirements

  • None

 

Description

This course will compare two leading online accounting software applications, QuickBooks Online and Xero, in a step by step format.

This is a comprehensive accounting course.

We will discuss the purchasing options and the best tools to learn these accounting software packages at the lowest cost.

Learners will understand how to set up a new company file in each software package.

The course will demonstrate how to navigate each software package and how to generate, analyze, and customize common financial reports.

We will learn how to create inventory and service items and how they are used to create invoices, purchase orders, and sales receipts.

The course will show how to enter two months of data in a step by step process, comparing the two accounting software packages at every level along the way.

The course will demonstrate how to complete bank reconciliations and enter adjusting and reversing entries.

We will also learn how bank feeds work. Bank feeds are the ability to connect directly to the bank and download financial information into the accounting software.

The course will provide practice data to learn how bank feeds work. Learners will also understand how to make bank rules to automate the bookkeeping process further.

 

Who this course is for

  • Business owners
  • Accounting professionals
  • Accounting students
  • Anybody who wants to learn accounting software
  • Anybody who wants to learn accounting software

 

Course content

  • Getting Started – Getting Setup
    • QuickBooks .05 Recommendations For Success
    • QuickBooks .10 Purchase With 30 Day Trial
    • .10 Xero Free 30-Day Tral
    • QuickBooks .12 Bank Feeds
    • Xero .12 Bank Feeds Overview
    • QuickBooks 1.05 Navigation Overview
    • Xero 1.05 Navigation Overview
  • Customer Cycle , Cycle, or Accounts Receivable Cycle
    • QuickBooks 1.15 Customers Section Flow
    • Xero 1.15 Customers Section Flow
    • QuickBooks 1.16 Customers Section Invoice
    • Xero 1.16 Customer Section Invoice
    • QuickBooks 1.17 Customers Section Receive Payment
    • Xero 1.17 Customers Section Receive Payment
    • QuickBooks 1.18 Customers Section Deposit
    • Xero 1.18 Customers Section Deposit from Clearing
    • QuickBooks 1.19 Customers Section Sales Receipts
    • Xero 1.19 Customers Section Sales Receipts
  • Vendor Cycle, Purchases Cycle, or Sales Cycle
    • QuickBooks 1.20 P1 Vendors Section Flow
    • QuickBooks 1.20 P2 Vendors Section Bill Form
    • Xero 1.20 Vendors Section Bill Form
    • QuickBooks 1.22 Vendors Section Pay Bill Form
    • Xero 1.22 Vendor Section Payable Payment
    • QuickBooks 1.23 Vendors Section Purchase Order
    • Xero 1.23 Vendors Section Purchase Order
    • QuickBooks 1.24 Vendors Section Check
    • Xero 1.24 Vendors Section Check
  • Employee Cycle and Other Core Features
    • QuickBooks 1.25 Employee Section
    • Xero 1.25 Employee Section
    • QuickBooks 1.28 Others Section
    • Xero 1.28 Others Section
    • QuickBooks 1.30 Reports
    • Xero 1.30 Reports
    • QuickBooks 1.35 Lists
    • QuickBooks 1.40 Help Options
    • Xero 1.40 Help Options
    • QuickBooks 1.45 Print & Export Reports to Excel
    • Xero 1.45 Print & Export Reports to Excel
    • QuickBooks 1.50 Backup Options
    • Xero 1.50 Backup Options
  • Balance Sheet Reports
    • QuickBooks Data Files to Download
    • Xero Data Files to Download
    • QuickBooks 2.10 Balance Sheet
    • Xero 2.10 Balance Sheet
    • QuickBooks 2.15 Balance Sheet Report Options
    • Xero 2.15 Balance Sheet Report Settings
    • QuickBooks 2.20 Header Footer Options
    • Xero 2.20 Balance Sheet Edit Layout
    • QuickBooks 2.22 Formatting Options
    • QuickBooks 2.30 Comparative Balance Sheet
    • Xero 2.30 Comparative Balance Sheet
    • QuickBooks 2.40 Summary Balance Sheet
    • Xero 2.40 Summary Balance Sheet
    • QuickBooks 2.50 Memorize Custom Report Group
    • Xero 2.50 Memorize Custom Report Group
  • Profit and Loss or Income Statement Reports
    • QuickBooks Data Files to Download
    • Xero Data Files to Download
    • QuickBooks 3.10 Profit and Loss
    • Xero 3.10 Income Statement
    • QuickBooks 3.15 Income Statement Custom & Memorize
    • Xero 3.20 Comparative Income Statement
    • QuickBooks 3.20 Comparative Profit & Loss
    • QuickBooks 3.25 Vertical Analysis Profit & Loss
    • Xero 3.25 Vertical Analysis Income Statement
    • QuickBooks 3.30 % of Expense Profit & Los
    • Xero 3.30 % of Expense Income Statement
  • Statement of Cash flows & Other Common Reports
    • QuickBooks Data Files to Download
    • Xero Data Files to Download
    • QuickBooks 4.10 Statement of Cash Flows
    • Xero 4.10 Statement of Cash Flows
    • QuickBooks 4.20 Sales By Customer Report
    • Xero 4.20 Income By Contact Report
    • QuickBooks 4.25 Sales by Product Or Item Report
    • QuickBooks 4.30 Accounts Receivable Aging Report
    • Xero 4.30 Aged Receivables Report
    • QuickBooks 4.35 Accounts Payable Aging Report
    • Xero 4.35 Aged Payables Reports
    • QuickBooks 4.40 Sales Graphs
    • Xero 4.40 Sales Graphs
    • Xero 4.45 AR & AP Graphs
  • Course Project Start – Set Up New Company File, Preferences, & Users
    • QuickBooks Data Files to Download
    • Xero Data Files to Download
    • QuickBooks 6.05 Set up Company Information & Preferences Part 1
    • Xero 6.01 Set Up Organization Details
    • Xero 6.02 Users Add & Manage
    • Xero 6.03 Add Apps, Currencies, & Subscriptions
    • Xero 6.05 Payment Services, Invoicing, & Features
    • Xero 6.06 Projects, Files, & Other Settings
    • QuickBooks 6.07 Set up Company Information & Preferences Part 2
    • QuickBooks 6.08 Manage Users Custom Form Styles
  • Set Up Service & Inventory Items & Enter Inventory Beginning Balance
    • QuickBooks 6.09 Objective
    • Xero 6.09 Objective
    • QuickBooks 6.10 Items – Service Set Up Part 1
    • Xero 6.10 Items – Service Set Up Part 1
    • QuickBooks 6.11 Items – Service Set Up Part 2
    • Xero 6.11 Items – Service Set Up Part 2
    • QuickBooks 6.13 Items – Inventory Set Up Part 1
    • Xero 6.13 Items – Inventory Set Up Part 1
    • QuickBooks 6.14 1 Items – Inventory Set Up Part 2
    • Xero 6.14 Items – Inventory Set Up Part 2
    • QuickBooks 6.14 Items – Inventory Reports
    • Xero 6.14 Items – Inventory Set Up Part 3
  • Add Customers & Vendors – Enter AR and AP Beginning Balances
    • QuickBooks 6.15 Set Up Customers & Beginning Balances Part 1
    • Xero 6.15 Set Up Customers & Beginning Balances
    • QuickBooks 6.16 Set Up Customers & Beginning Balances Part 2
    • QuickBooks 6.20 Set Up Vendors & Beginning Balances
    • Xero 6.20 Set Up Vendors & Beginning Balances
  • Add Accounts & Beginning Balances, Checking, Credit Card, Notes Payable, Equip.
    • QuickBooks 6.25 Add Bank Account
    • Xero 6.25 Add Bank Account
    • QuickBooks 6.26 Add Credit Card Account
    • Xero 6.26 Add Credit Card
    • QuickBooks 6.27 Add Notes Payable Account
    • Xero 6.27 Add Notes Payable
    • QuickBooks 6.28 Add Equipment Account
    • Xero 6.28 Add Equipment Account
  • Adjust Equity, Payroll Options, & Reports
    • QuickBooks 6.35 Payroll Options
    • Xero 6.35 Payroll Options
    • QuickBooks 6.50 Adjust Beginning Account Balances
    • QuickBooks 6.55 Generate Transaction Detail Report
    • Xero 6.55 Generate Transaction Detail Report
  • Deposits from Owner & Loan, Purchase Furniture, Sales Tax Set Up
    • QuickBooks 7.05 Record Owner & Loan Deposit
    • Xero 7.05 Record Owner & Loan Deposit
    • QuickBooks 7.10 Part 1 Record Purchase Furniture
    • Xero 7.10 1 Record Purchase Furniture
    • QuickBooks 7.10 Part 2 Short Term Investment
    • Xero 7.10 2 Record Short-Term Investment
    • QuickBooks 7.16 Sales Tax Set Up
    • Xero 7.16 Sales Tax Set Up
  • Month 1 – Purchase Orders & Invoices
    • QuickBooks 7.17 Purchase Order Part 1
    • Xero 7.17 Purchase Order Part 1
    • QuickBooks 7.18 Purchase Order & Add Inventory Item
    • Xero 7.18 Purchase Order & Add Inventory Item
    • QuickBooks 7.20 Create an Invoice with Inventory Part 1
    • Xero 7.20 Part 1 Create an Invoice with Inventory Part 1
    • QuickBooks 7.20 Create an Invoice with Inventory Part 2
    • Xero 7.20 Part 2 Create an Invoice with Inventory
  • Month 1 – Receive Payments Forms
    • QuickBooks 7.25 Part 1 Receive Payment
    • Xero 7.25 Part 1 Receive Payment
    • QuickBooks 7.25 Part 2 Receive Payment
    • Xero 7.25 Part 2 Receive Payment
  • Month 1 – Sales Receipt & Deposit
    • QuickBooks 7.30 Part 1 Sales Receipt Part 1
    • Xero 7.30 Part 1 Sales Receipt
    • QuickBooks 7.30 Part 2 Sales Receipt Service Item
    • Xero 7.30 Part 2 Sales Receipt Service Item
    • QuickBooks 7.35 Deposit Records Group Deposits
    • Xero 7.35 Deposit Records Group Deposits
  • Month 1 – Receive Inventory & Link Expense Form to Purchase Order
    • QuickBooks 7.40 Inventory Payment Link to P.O. Part 1
    • Xero 7.40 1 P.O. Billed & Paid Part 1
    • QuickBooks 7.40 Inventory Payment Link to P.O. Part 2
    • Xero 7.40 2 P.O. Billed & Paid Part 2
  • Month 1 – Create Invoice From Linked Billable Expense & Make Deposit
    • QuickBooks 7.45 Invoice Created By Billable Expense Part 1
    • Xero 7.45 Invoice Created From Purchase Order Part 1
    • QuickBooks 7.46 Create Invoice From Billable Expense Part 2
    • Xero 7.46 Invoice Created From Purchase Order Part 2
    • QuickBooks 7.50 Receive Payment & Make Deposit
    • Xero 7.50 Receive Payment & Make Deposit
  • Month 1 – Enter Checks & Expenses & Pay Bills
    • QuickBooks 7.55 Enter Check & Expense Forms
    • Xero 7.55 Enter Check & Expense Forms
    • QuickBooks 7.60 Pay Bills
    • Xero 7.60 Pay Bills
  • Month 1 – Customer Jobs & Sub Customers, Projects, & Payroll
    • QuickBooks 7.65 Customer Jobs or Sub Customer
    • Xero 7.65 Projects
    • QuickBooks 7.70 Pay Employees Part 1
    • Xero 7.70 Pay Employees Part 1
    • QuickBooks 7.71 Pay Employees Part 2
    • Xero 7.71 Pay Employees Part 2
    • QuickBooks 7.75 Job or Sub Customer Sales Receipt
    • Xero 7.75 Sales Receipt Service Item
  • Month 1 – Reports & Review of Data Input
    • QuickBooks 7.80 Generate Report Export to Excel
    • Xero 7.80 Generate Report Export to Excel
  • Month 2 – Loan Payments & Short Term Investment Sale
    • QuickBooks 8.02 Consolidate Loans
    • Xero 8.02 Consolidate Loans
    • QuickBooks 8.03 Loan Amortization Table
    • Xero 8.03 Loan Amortization Table
    • QuickBooks 8.05 Make Loan Payments
    • Xero 8.05 Make Loan Payments
    • QuickBooks 8.10 Short Term Investment Deposit
    • Xero 8.10 Short Term Investment Deposit
  • Month 2–Purchase Order, Enter Bill for Inventory, Sales Receipt, & Deposit
    • QuickBooks 8.15 Purchase Order With New Inventory Item
    • Xero 8.15 Purchase Order With New Inventory Item
    • QuickBooks 8.20 Receive Inventory Requested With P.O. Enter Bill
    • Xero 8.20 Receive Inventory Requested With P.O. Enter Bill
    • QuickBooks 8.25 Sales Receipts & Deposit
    • Xero 8.25 Sales Receipts & Deposit
  • Month 2 – Advanced Payments & Apply Credit to Invoice
    • QuickBooks 8.30 Advanced Payment From Customer
    • Xero 8.30 Advanced Payment From Customer
    • QuickBooks 8.35 Apply Credit Or Advanced Payment to Invoice
    • Xero 8.35 Apply Credit Or Advanced Payment to Invoice
    • QuickBooks 8.40 Record Sales on Account
    • Xero 8.40 Record Sales on Account
    • QuickBooks 8.45 Advance Customer Payment or Deposit
    • Xero 8.45 Advance Customer Payment or Deposit
  • Month 2 – Enter Bills, Pay Bills, Customer Payment, Pay Sales & Payroll Tax
    • QuickBooks 8.50 Bills Track & Pay
    • Xero 8.50 Bills Track & Pay
    • QuickBooks 8.55 Customer Payment & Deposit
    • Xero 8.55 Customer Payment & Deposit
    • QuickBooks 8.60 Pay Sales Tax
    • Xero 8.60 Pay Sales Tax
    • QuickBooks 8.65 Pay Payroll Tax
    • Xero 8.65 Pay Payroll Taxes
    • QuickBooks 8.70 Enter Bills & Pay Bills
    • Xero 8.70 Enter Bills & Pay Bills
  • Month 2 – New Service Items to Invoice, Finance Equipment, & Payroll
    • QuickBooks 8.75 Enter Service Items & Invoices
    • Xero 8.75 Enter Service Items & Invoices
    • QuickBooks 8.77 Purchase Equipment with Debt
    • Xero 8.77 Purchase Equipment with Debt
    • QuickBooks 8.80 Payroll
    • Xero 8.80 Payroll
    • QuickBooks 8.90 Rental Income New Service Item New Income Account
    • Xero 8.90 Rental Income New Service Item New Income Account
  • Month 2 – Month End Reports
    • QuickBooks 8.95 Comparative Financial Statements
    • Xero 8.95 Comparative Financial Statements
  • Bank Reconciliations
    • QuickBooks 9.02 Bank Reconciliation Objective
    • Xero 9.02 Bank Reconciliation Objective
    • QuickBooks 9.10 Bank Reconciliation First Month Part 1 Deposits
    • Xero 9.10 Bank Reconciliation First Month Part 1 Deposits
    • QuickBooks 9.11 Bank Reconciliation First Month Part 2
    • QuickBooks 9.12 Bank Reconciliation First Month Part 3 Review Report
    • Xero 9.11 Bank Reconciliation First Month Part 2
    • QuickBooks 9.14 Bank Reconciliation Second Month Part 1
    • Xero 9.14 Bank Reconciliation Second Month Part 1 Deposits
    • QuickBooks 9.15 ank Reconciliation Second Month Part 2
    • QuickBooks 9.17 Bank Reconciliation Second Month Part 3
    • Xero 9.15 Bank Reconciliation Second Month Outflows
  • Month End Adjusting Entries & Reversing Entries
    • QuickBooks 10.10 Short Term Loan Adjusting Entry
    • Xero 10.10 Short Term Loan Adjusting Entry
    • QuickBooks 10.11 Short Term Portion Of Loan Adjusting Entry
    • Xero 10.11 Short Term Portion Of Loan Adjusting Entry
    • QuickBooks 10.15 Accrued Interest Adjusting Entry
    • Xero 10.15 Loan Payable Adjusting Entry #2
    • QuickBooks 10.17 Reversing Entry Notes Payable
    • Xero 10.17 Reversing Entry Notes Payable
    • QuickBooks 10.25 Accrued Interest Reversing Entry
    • Xero 10.25 Accrued Interest Reversing Entry
    • Xero 10.25 Invoice & AR Adjusting Entry
    • QuickBooks 10.25 Invoice & AR Adjusting Entry Part 1 The Problem
    • QuickBooks 10.26 Invoice & AR Adjusting Entry Part 2 Solution
    • Xero 10.26 Invoice & AR Adjusting Entry Part 2 Solution
    • QuickBooks 10.35 Accounts Receivable Reversing Entry
    • Xero 10.35 Accounts Receivable Reversing Entry
    • QuickBooks 10.40 Prepaid Insurance Adjusting Entry
    • Xero 10.40 Prepaid Insurance Adjusting Entry
    • QuickBooks 10.45 Depreciation Adjusting Entry
    • QuickBooks 10.45 Unearned Revenue Adjusting Entry
    • QuickBooks 10.55 Unearned Revenue Reversing Entry
    • Xero 10.45 Depreciation Adjusting Entry
    • QuickBooks 10.57 Journal Report & Financial Statements
    • Xero 10.57 Journal Report & Financial Statements
  • Bank Feeds
    • QuickBook Bank Feed Data Files
    • Xero Data Files to Download
    • QuickBooks 315 How Do Bank Feeds Fit Into My Accounting System
    • Xero 315 How Do Bank Feeds Fit Into My Accounting System
    • QuickBooks 320 Project Outline
    • Xero 320 Project Outline
    • QuickBooks 325 Set Up Bank Feeds
    • Xero 325 Set Up Bank Feeds
    • QuickBooks 360 Download Transactions From Bank
    • Xero 360 Download Transactions From Bank
    • QuickBooks 365 Import Bank Data
    • Xero 365 Import Bank Data
    • QuickBooks 370 Add Expense transactions
    • Xero 370 Add Expense transactions
    • QuickBooks 375 Add Capital Expenditures
    • Xero 375 Add Capital Expenditures
    • Xero 376 Add Capital Expenditures Part 2
    • QuickBooks 380 Add Inventory Purchase
    • Xero 380 Add Inventory Purchase
    • QuickBooks 385 Add Amount Paid for Investment
    • Xero 385 Add Amount Paid for Investment
    • QuickBooks 390 Add Owner Withdraws
    • Xero 390 Add Owner Withdraws
    • QuickBooks 395 Add Bank Service Charge
    • Xero 395 Add Bank Charge
    • QuickBooks 395 Add Customer Deposits
    • Xero 395 Customer Deposit
    • QuickBooks 400 Sales Tax
    • Xero 400 Sales Tax Calculation
    • Xero 400 Sales Tax Set Up
    • QuickBooks 405 1 Deposit Owner
    • Xero 405 Deposit Loan
    • QuickBooks 405 Deposit Loan
    • Xero 405 Deposit Owner
    • Xero 406 Bank Beginning Balance
    • QuickBooks 407 Bank Reconciliation
    • QuickBooks 410 Compare Cash to Accrual
    • QuickBooks 415 Upload Bank Transactions
    • Xero 415 1 Upload Bank Transactions
    • QuickBooks 420 Add Expenses
    • Xero 415 2 Add Expenses
    • QuickBooks 420 Add Insurance
    • Xero 420 Add Insurance
    • QuickBooks 425 Add Payroll Checks
    • Xero 425 Add Payroll Checks
    • QuickBooks 430 Add Inventory
    • Xero 430 1 Add Inventory
    • QuickBooks 430 Add Loan Payments
    • Xero 430 2 Add Loan Payment
    • QuickBooks 435 Add Draw
    • Xero 435 Add Draw
    • QuickBooks 440 Invoice & Bank Feeds
    • QuickBooks 440 Receive Payments & Bank Feeds
    • Xero 440 1 Receive Payments On Invoice
    • Xero 440 2 One Deposit Two Invoices
    • QuickBooks 445 Sales Receipt & Bank Feeds
    • Xero 445 Sales Receipt & Bank Feeds
    • QuickBooks 450 Bank Reconciliation
    • Xero 450 Bank Reconciliation
    • QuickBooks 455 Reports After Second Month
    • QuickBooks 460 Credit Card Bank Feeds Upload
    • Xero 460 Credit Card Bank Feeds Upload
    • QuickBooks 465 Add Credit Card Bank Feed Data
    • Xero 465 1 Add Credit Card Bank Feed Data
    • QuickBooks 470 Reconcile Credit Card
    • QuickBooks 470 Upload Bank Transactions
    • Xero 470 1 Reconcile Credit Card
    • Xero 470 2 Upload Bank Transactions to Create Bank Rules
    • QuickBooks 475 Bank Rules Deposit Same Customer Different Account
    • Xero 475 Bank Rules Deposit Same Customer Different Account
    • QuickBooks 480 Bank Rules Amount Limit
    • Xero 480 Bank Rules Amount Limit
    • QuickBooks 485 Bank Rules Split Into Two Accounts
    • Xero 485 Bank Rules Split Into Two Accounts
    • QuickBooks 490 Bank Rules One Vendor Two Expense Accounts
    • Xero 490 Bank Rules One Vendor Two Expense Accounts
    • QuickBooks 495 Bank Rules More Rules & Techniques
    • Xero 495 Bank Rules More Rules

 

QuickBooks Online vs Xero Accounting SoftwareQuickBooks Online vs Xero Accounting Software

Time remaining or 693 enrolls left

 

Don’t miss any coupons by joining our Telegram group 

Udemy Coupon Code 100% off | Udemy Free Course | Udemy offer | Course with certificate