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How to Do Your Bookkeeping in Xero
Take control of your business finances while learning and implementing a Xero financial system in your existing business.
Gain confidence in your financial skills and the accuracy of your numbers, as you implement and optimize your Xero bookkeeping system.
Get 10+ years of expertise packed into 5 weeks, 20 sessions, and over 2.5 hours of video content.
Increase cash flow & your business survival rate.
Learn and stay connected with your mentor and other like-minded business owners with the private community
Get the skills to speak financials with your accountant, and hire the right bookkeeper for your business (plus check that they’re doing a good job too)
How to Do Your Bookkeeping in Xero is a hands-on, 5-week mentorship & implementation program.
It’s designed to help you set up your financial system using Xero.
Where you get to watch over an experienced accountant’s shoulder as we show you how to set your Xero up right, and teach you key financial concepts.
You’ll also have an accounting mentor by your side every step of the way to help you implement your bookkeeping system, and answer questions as they come up.
But How to Do Your Bookkeeping in Xero is more than just information… it’s a practical implementation-focused program.
Note: We are also offering a lower-priced DIY option for those who don’t want the added support, community, and accountability.
How This Mentorship Will Help You Succeed
- Work with experienced accountants (mentors) from a Xero Bookkeeping Partner of the Year Award winner… That’s right! Access the wisdom, “in the trenches” knowledge and insights of 10+ years of accounting experience and the hundreds of Bean Ninjas clients we’ve worked with.
- Over-the-shoulder examples, so you get to see exactly how everything is done before doing it yourself.
- Our customized curriculum, made up of 5 modules and over 2.5 content hours that will give you an effective Xero bookkeeping system.
- Weekly action items to hold you accountable and help you reach your goals.
- Worksheets & templates to help you get paid faster, identify who owes you money, determine your true cost of sales, identify and reduce unnecessary costs, create a consistent bookkeeping rhythm with your accounting team, and more — the same resources we use on a daily basis ourselves and with our clients.
- Q&A sessions each week where your mentor will answer your questions, give feedback on your work and help you improve.
- Our private 24/7 Slack group where you can find support from your peers, make new friends, and reach out to your mentor any time you have a question.
- Personal attention. All small businesses are different, so we limit the class size to make sure that your mentor can give you what you need to succeed with this program.
"I basically went from having no idea about how Xero worked or how to read a profit and loss statement, to feeling like I was comfortable with all of those things."
Stevie D.
Stevie Says Social
Take control of your business finances while learning and implementing Xero in your business
Want to be in control of your money, have confidence that your business is actually growing (in the right direction), and not worry about one day being hit with a scary tax bill?
As business owners, we need accurate and timely information in order to make better financial decisions.
When we ask business owners what’s stopping them from being confident with their finances and using Xero regularly, here’s what they list as their biggest challenges:
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Problem 1:
“I’ve never really been super confident with knowing whether I’m making any money or not”
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Problem 2:
“I worry about paying my bills every week”
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Problem 3:
“Not sure how much $$ my customers owe me”
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Problem 4:
“I’m confused about how to manage Paypal multiple currencies and Stripe in Xero”
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Problem 5:
“Other than just wracking my brains, how can I work out the cost of sale?”
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Problem 6:
“Not sure if the reports in Xero are accurate and which ones to look at”
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Problem 7:
“What’s the difference between cash and accrual accounting, and which is best for my business?”
Course curriculum
This is the Xero training program that we wished existed when we were starting out building our business. We built this material from scratch, customizing the content specifically for small business owners.
You’ll get access to an SOP library (templates, worksheets, and processes) that we’ve built based on 10+ years as practising accountants and the hundreds of Bean Ninjas clients we’ve worked with.
Getting started with Xero
- How to set up Xero correctly
- Chart of Accounts and its purpose
- How to organise your Xero Chart of Accounts correctly
- How to set up business bank accounts in Xero
How to ensure you get paid
- How to raise (create) an invoice in Xero
- How to allocate/code online sales
- How to quote in Xero
- Customer payment options
- Reconciling – what it is and why you need to do it
Paying your bills and expenses
- The difference between bills and cashcode
- Using bank rules for payments
- How to manage and pay suppliers, bills & other expenses in Xero
- How to handle subscriptions (weekly/monthly recurring expenses)
- How to pay yourself (for business owners)
- What to do when a personal purchase is charged to a business account
- What to do when a business purchase is charged to a personal account
Let’s do your books
- How to perform basic (daily, weekly or monthly) regular bookkeeping
- Basic features and functions of Xero software
- Simple automation opportunities and how to apply them
- Why and how to balance bank reconciliations
Ongoing Improvement
- Review your receipt management process
- Review your understanding of cash v accrual accounting
"I gained a better understanding of where our business is positioned financially. Getting the opportunity to work directly with an expert was great."
Hayden B.
Zea Relief
Take control of your business finances while learning and implementing Xero in your business
Meet Your Mentors
Meryl Johnston — Trainer
Meryl Johnston is the founder and CEO of Bean Ninjas, the global bookkeeping business she launched in seven days in 2015.
She’s a Chartered Accountant and has 13+ years of experience in commercial accounting roles, as an auditor at international firm BDO and as an accounting lecturer.
Meryl and the Bean Ninjas team are on a mission to educate and support 10,000 business owners in making data-driven business decisions to create freedom in their lives.
Michael Wark — Financial Coach
Michael began his accounting career with Ernst & Young in Sydney as an auditor. As a Chartered Accountant, he continued his career with finance roles in Australia and the United Kingdom.
Michael joined Bean Ninjas in 2017 and quickly became a valued contributor and leader.
Michael is passionate about helping entrepreneurs and their businesses grow so they can make a positive impact in the world. It starts with helping business owners better understand the numbers and empowering them to achieve their financial goals on the way to the freedom lifestyle they desire.
"After doing financial literacy training we started cashflow forecasting and this changed the game for us…. I think the best thing that this [course] has done for us is that it's alleviated all anxiety and all stress around money for the business."
Emma & Carla P.
The Merrymaker Sisters
Our Private Community
Got a question for your trainer? Want to share ideas with other students? You get access to our private Slack community where students and trainers interact and keep in touch.
‘How to Do Your Bookkeeping in Xero’ is not just about getting book smart. Previous students say they loved connecting with other business owners and learning from each other’s experiences.
Join conversations or ask your trainer and other students questions
Connect with and share learnings with business owners just like you
No messy email chains—all your conversations organised within Slack
Who is this program for?
This training is designed for business owners who have beginner to intermediate bookkeeping knowledge and want to better understand and manage their small business finances. You must already have a Xero account, an existing business, and are at the stage where building a financial system using Xero makes sense.
There are a few key differences between our course and free “how-to” videos online or a 1-day workshop/course:
1) We provide context around why, when and how to make decisions when using Xero eg. when and why would you do accrual accounting? what bank rules to apply and when? etc.
2) You get time to implement, test and jump on our weekly mentor sessions with your questions (as they come up for you), and get answers that will help you learn and grow over a 5-week period. Would you get that kind of support with a 1-day workshop? Probably not.
E-commerce
Learn how to implement Xero in your e-commerce business. Along the way, get a glimpse of the potential of Xero to streamline your inventory management, purchasing and more.
Coaches and Consultants
This program is perfect for coaches and consultants who want to take the pain out of creating invoices, paying bills and tracking their finances. Free up time through automation and more.
Productized Services & Digital Agencies
This program is perfect for business owners who want to understand their business numbers and get off the revenue rollercoaster. Learn the bookkeeping foundations to scale your business.
Bloggers, Info Products & Membership sites
Bookkeeping for bloggers, sellers of info products and membership site owners doesn’t need to be overly complicated. With a little guidance and organization you can automate your bookkeeping to save you time, be in control of your business, get ready for tax time, and save money when doing your own bookkeeping.
Mentorship Bonus #145-minute 1-on-1 coaching call with a Xero expert
- 45-minute call with a Xero expert - Book a personalised and private training call with a Xero expert to get your bookkeeping and accounting questions answered.
- Attend alone or with a team member - Have your questions answered in private or choose to bring a team member.
- Re-watch the session anytime - Your session is conducted and recorded via Zoom, which means you can watch it again in the future or use it as a training video with your team.
$199 Value
Mentorship Bonus #2Bean Ninjas Community: 12-month Membership
- BN Alumni private Slack group - Connect, collaborate and celebrate with like-minded digital business owners.
- Monthly expert ‘Open Office Hours’ webinars - Gain access to a qualified Bean Ninjas accountant for group coaching and Q&A on all things Xero, Profit First, and finance related.
- BN community newsletter - Get the latest on what’s happening with Xero, bookkeeping and accounting tips, business growth resources and subscriber only discounts.
$324 Value
Take control of your business finances while learning and implementing Xero in your business
Feedback on How to Do Your Bookkeeping in Xero
"I found the content really logical and straight forward, easy to understand every week. Every week there was just that little gem that I could add to my accounting processes."
Krystle D.
KCS
"Scott enrolled me in the course because he wanted to bring [bookkeeping] into my role. I was able to apply my learnings to the business, including creating a cash flow forecast, and then take over financial tasks on Scott's behalf."
Christine R.
Scale My Empire
"The biggest benefit was the insight that it gave me to my own business. My ability to go back and critically look at my numbers and get a better handle on those, and how to improve them."
Marcus D.
Resolve Mining Solutions
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At Bean Ninjas Freedom Academy we stand by our products and our customers. That’s why How to Do Your Bookkeeping in Xero is backed by a 30-day satisfaction guarantee. If you’re not satisfied with the training in any way in the first 30 days, we’ll offer you a 100% refund on your purchase. It’s as easy as that.
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