Just started using Xero? These essential tips will help you master the platform faster and avoid common beginner mistakes.
Getting started with new accounting software can feel overwhelming. Here are seven insider tips from professional bookkeepers to help you hit the ground running with Xero.
1. Set Up Your Chart of Accounts Properly Take time to customize your chart of accounts to reflect your business structure. It will save you time later.
2. Link Your Bank Accounts Early Connecting your bank and credit card accounts allows for automatic transaction imports.
3. Use Bank Rules to Automate Reconciliation Set rules for common transactions (e.g., monthly subscriptions) to make reconciliation nearly automatic.
4. Send Invoices Promptly Use templates and reminders to send professional invoices quickly.
5. Learn to Use the Dashboard The dashboard gives a snapshot of your financial position. Customize it to suit your needs.
6. Use the Mobile App Submit expenses, track payments, and send invoices on the go.
7. Invite Your Accountant or Bookkeeper Collaboration in Xero is real-time—no more sending spreadsheets back and forth.
Conclusion: Xero is user-friendly, but a few strategic moves can make your experience smoother and more efficient. Follow these tips to make the most of your setup from day one.
Need help getting started with Xero? Contact a certified Xero advisor or visit Xero’s help center to learn more.