What Is Bookkeeping? (And How To Do It Step-by-Step in Xero)
Bookkeeping doesn’t have to be complicated — but if you don’t understand your numbers, running a business becomes guesswork. In this video, I explain what bookkeeping is and how to do bookkeeping step-by-step using Xero, one of the most popular cloud accounting platforms for small businesses.
Make bookkeeping easy with Xero and get started with a special offer, at the time of filming, for 90% off your first six months👉https://referrals.xero.com/whatisbookkeeping
Whether you’re a small business owner, entrepreneur, or a beginner learning bookkeeping, this tutorial walks through the core co…
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Chapters (16)
Introduction
0:27
What is Bookkeeping?
0:36
Five Key Financial Categories
1:05
Introduction to Xero
1:51
Set-up Financial Settings
2:10
Cash Basis vs. Accrual Accounting
3:42
Connecting Bank Accounts
4:15
Understanding the Chart of Accounts
5:50
Categorizing Transactions
7:34
Bank Reconciliation
7:50
Bank Rules
8:42
Revenue vs. Cash
9:01
Reporting
10:09
Common Bookkeeping Mistake and How to Avoid Them
11:05
Xero Pricing
11:30
Conclusion
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