You're reading from Efficient Accounting with Xero The definitive guide to optimizing your accounting with proven techniques and best practices

Product type Paperback

Published in Apr 2023

Publisher Packt

ISBN-13 9781801812207

Length 306 pages

Edition 1st Edition

Languages

C++

Tools

Xero

Concepts

Business Management

Author (1):

Jay Kimelman

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Table of Contents (27) Chapters

Preface

1. Part 1: Hitting the Ground Running

2. Chapter 1: Xero Basics – Subscriptions and When to Use Them FREE CHAPTER

3. Chapter 2: Exploring Bank Feeds – the Heart of Xero

4. Chapter 3: Setting Up Your Organization’s Financial Settings in Xero

5. Chapter 4: Restarting with the Fresh Start Method

6. Chapter 5: Conversion to Xero Made Easy

7. Part 2: Handling the Day-to-Day Processes

8. Chapter 6: Recording and Reconciling the Bank

9. Chapter 7: Invoicing and the Sales Process

10. Chapter 8: Managing Bills and Purchases with Procure-to-Pay in Xero

11. Chapter 9: Using Xero on the Go

12. Part 3: Closing Out the Accounting Period

13. Chapter 10: Managing Fixed Assets in Xero

14. Chapter 11: All You Need to Know about Manual Journals in Xero

15. Chapter 12: Correct Your Mistakes with Find and Recode

16. Part 4: Reporting – Knowing About the Performance of Your Business (KPIs)

17. Chapter 13: Running and Customizing Basic Reports in Xero

18. Chapter 14: Business Analytics with Business Snapshot and Short-Term Cash Flow

19. Chapter 15: Creating Custom Reports in Xero Using the layout editor

20. Part 5: For the Advisor

21. Chapter 16: Run Your Practice with Xero HQ

22. Chapter 17: Exploring Practice-Wide Report Templates

23. Chapter 18: Exporting Your Data and Reports Out of Xero

24. Chapter 19: Increasing Your Powers with Apps and Xero

25. Index

Why subscribe?

26. Other Books You May Enjoy

Analytics in Xero

The best predictor of the future is the past. Using past data and trends, Xero will use AI to predict how your business will perform in the future. To accomplish this, Xero released Analytics and Analytics Plus. Analytics comes with a standard Early or Growing plan, whereas Analytics Plus, which is an expanded form of Analytics, requires an upgrade to the Established plan. Features that are included in the Analytics Plus version of short-term cash flow are not available in trial organizations. We will detail what is included in each of the features as we describe the features.

Short-term cash flow

As we previously said, cash is the lifeblood of business, and knowing your cash position is central to all business decisions. To help business owners, Xero has the Short-Term Cash Flow (STCF) tool. Let’s take a look at the tool in Xero. To get to STCF, we click on the Business menu, followed by the Short-term cash flow option below it.