QuickBooks Online vs Xero Accounting Software 2020

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

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Course curriculum

1. 05 Recommendations For Success Quickbooks Online
2. 10 Purchase With 30 Day Trial Quickbooks Online
3. 10 Xero Free 30-Day Trial
4. 12 Bank Feeds Quickbooks
5. 12 Bank Feeds Overview Xero
6. 1.05 Navigation Overview Quickbooks Online
7. 1.05 Navigation Overview Xero
1. 1.15 Customers Section Flow Quickbooks
2. 1.15 Customers Section Flow Xero
3. 1.16 Customers Section Invoice Quickbooks
4. 1.16 Customer Section Invoice Xero
5. 1.17 Customers Section Receive Payment Quickbooks
6. 1.17 Customers Section Receive Payment Xero
7. 1.18 Customers Section Deposit Quickbooks
8. 1.18 Customers Section Deposit from Clearing Xero
9. 1.19 Customers Section Sales Receipts Quickbooks
10. 1.19 Customers Section Sales Receipts Xero
1. 1.20 P1 Vendors Section Flow Quickbooks
2. 1.20 P2 Vendors Section Bill Form Quickbooks
3. 1.20 Vendors Section Bill Form Xero
4. 1.22 Vendors Section Pay Bill Form Quickbooks
5. 1.22 Vendor Section Payable Payment Xero
6. 1.23 Vendors Section Purchase Order Quickbooks
7. 1.23 Vendors Section Purchase Order Xero
8. 1.24 Vendors Section Check Quickbooks
9. 1.24 Vendors Section Check Xero
1. 1.25 Employee Section Quickbooks
2. 1.25 Employee Section Xero
3. 1.28 Others Section Quickbooks
4. 1.28 Others Section Xero
5. 1.30 Reports Quickbooks
6. 1.30 Reports Xero
7. 1.35 Lists Quickbooks
8. 1.40 Help Options Quickbooks
9. 1.40 Help Options Xero
10. 1.45 Print & Export Reports to Excel Quickbooks
11. 1.45 Print & Export Reports to Excel Xero
12. 1.50 Backup Options Quickbooks
13. 1.50 Backup Options Xero
1. QuickBooks Data Files to Download
2. Xero Data Files to Download
3. 2.10 Balance Sheet Quickbooks
4. 2.10 Balance Sheet Xero
5. 2.15 Balance Sheet Report Options quickbooks
6. 2.15 Balance Sheet Report Settings Xero
7. 2.20 Header Footer Options quickbooks
8. 2.20 Balance Sheet Edit Layout Xero
9. 2.30 Comparative Balance Sheet quickbooks
10. 2.30 Comparative Balance Sheet Xero
11. 2.40 Summary Balance Sheet quickbooks
12. 2.40 Summary Balance Sheet Xero
13. 2.50 Memorize Custom Report Group quickbooks
14. 2.50 Memorize Custom Report Group Xero
1. 3.10 Profit and Loss quickbooks
2. 3.10 Income Statement Xero
3. 3.15 Income Statement Custom & Memorize quickbooks
4. 3.20 Comparative Profit & Loss quickbooks
5. 3.20 Comparative Income Statement Xero
6. 3.25 Vertical Analysis Profit & Loss quickbooks
7. 3.25 Vertical Analysis Income Statement Xero
8. 3.30 % of Expense Profit & Loss quickbooks
9. 3.30 % of Expense Income Statement Xero
1. 4.10 Statement of Cash Flows quickbooks
2. 4.10 Statement of Cash Flows Xero
3. 4.20 Income By Contact Report quickbooks
4. 4.20 Income By Contact Report Xero
5. 4.30 Aged Receivables Report quickbooks
6. 4.30 Aged Receivables Report Xero
7. 4.35 Aged Payables Reports quickbooks
8. 4.35 Aged Payables Reports Xero
9. 4.40 Sales Graphs quickbooks
10. 4.40 Sales Graphs Xero
11. 4.45 AR & AP Graphs Xero
1. 6.01 Set Up Organization Details Xero
2. 6.02 Users Add & Manage Xero
3. 6.03 Add Apps, Currencies, & Subscriptions Xero
4. 6.05 Payment Services, Invoicing, & Features Xero
5. 6.06 Projects, Files, & Other Settings Xero
6. 6.07 Set up Company Information & Preferences Part 2 quickbooks
7. 6.08 Manage Users Custom Form Styles quickbooks
1. 6.09 Objective quickbooks
2. 6.09 Objective Xero
3. 6.10 Items - Service Set Up Part 1 quickbooks
4. 6.10 Items - Service Set Up Part 1 Xero
5. 6.11 Items - Service Set Up Part 2 quickbooks
6. 6.11 Items - Service Set Up Part 2 Xero
7. 6.13 Items – Inventory Set Up Part 1 quickbooks
8. 6.13 Items – Inventory Set Up Part 1 Xero
9. 6.14 Items – Inventory Set Up Part 2 quickbooks
10. 6.14 Items – Inventory Set Up Part 2 Xero
11. 6.14 Items – Inventory Set Up Part 3 quickbooks
12. 6.14 Items – Inventory Set Up Part 3 Xero
1. 6.15 Set Up Customers & Beginning Balances quickbooks
2. 6.15 Set Up Customers & Beginning Balances Xero
3. 6.16 Set Up Customers & Beginning Balances Part 2 quickbooks
4. 6.20 Set Up Vendors & Beginning Balances quickbooks
5. 6.20 Set Up Vendors & Beginning Balances Xero
1. 6.25 Add Bank Account quickbooks
2. 6.25 Add Bank Account Xero
3. 6.26 Add Credit Card quickbooks
4. 6.26 Add Credit Card Xero
5. 6.27 Add Notes Payable quickbooks
6. 6.27 Add Notes Payable Xero
7. 6.28 Add Equipment Account quickbooks
8. 6.28 Add Equipment Account Xero
1. 6.35 Payroll Options quickbooks
2. 6.35 Payroll Options Xero
3. 6.50 Adjust Beginning Account Balances Quickbooks
4. 6.55 Generate Transaction Detail Report Quickbooks
5. 6.55 Generate Transaction Detail Report Xero
1. 7.05 Record Owner & Loan Deposit quickbooks
2. 7.05 Record Owner & Loan Deposit Xero
3. 7.10 Part 1 Record Purchase Furniture Quickbooks
4. 7.10 1 Record Purchase Furniture Xero
5. 7.10 2 Record Short-Term Investment Xero
6. 7.16 Sales Tax Set Up quickbooks
7. 7.16 Sales Tax Set Up Xero
1. 7.17 Purchase Order Part 1 quickbooks
2. 7.17 Purchase Order Part 1 Xero
3. 7.18 Purchase Order & Add Inventory Item quickbooks
4. 7.18 Purchase Order & Add Inventory Item Xero
5. 7.20 Create an Invoice with Inventory Part 1 quickbooks
6. 7.20 Part 1 Create an Invoice with Inventory Part 1 Xero
7. 7.20 Create an Invoice with Inventory Part 2 quickbooks
8. 7.20 Part 2 Create an Invoice with Inventory Xero
1. 7.25 Part 1 Receive Payment quickbooks
2. 7.25 Part 1 Receive Payment Xero
3. 7.25 Part 2 Receive Payment quickbooks
4. 7.25 Part 2 Receive Payment Xero
1. 7.30 Part 1 Sales Receipt Part 1 quickbooks
2. 7.30 Part 1 Sales Receipt Xero
3. 7.30 Part 2 Sales Receipt Service Item quickbooks
4. 7.30 Part 2 Sales Receipt Service Item Xero
5. 7.35 Deposit Records Group Deposits quickbooks
6. 7.35 Deposit Records Group Deposits Xero
1. 7.40 Inventory Payment Link to P.O. Part 1 quickbooks
2. 7.40 1 P.O. Billed & Paid Part 1 Xero
3. 7.40 Inventory Payment Link to P.O. Part 2 quickbooks
4. 7.40 2 P.O. Billed & Paid Part 2 Xero
1. 7.45 Invoice Created By Billable Expense Part 1 quickbooks
2. 7.45 Invoice Created From Purchase Order Part 1 Xero
3. 7.46 Create Invoice From Billable Expense Part 2 quickbooks
4. 7.46 Invoice Created From Purchase Order Part 2 Xero
5. 7.50 Receive Payment & Make Deposit quickbooks
6. 7.50 Receive Payment & Make Deposit Xero
1. 7.55 Enter Check & Expense Forms quickbooks
2. 7.55 Enter Check & Expense Forms Xero
3. 7.60 Pay Bills quickbooks
4. 7.60 Pay Bills Xero
1. 7.65 Customer Jobs or Sub Customer quickbooks
2. 7.65 Projects xero
3. 7.70 Pay Employees Part 1 quickbooks
4. 7.70 Pay Employees Part 1 xero
5. 7.71 Pay Employees Part 2 quickbooks
6. 7.71 Pay Employees Part 2 xero
7. 7.75 Job or Sub Customer Sales Receipt quickbooks
8. 7.75 Sales Receipt Service Item xero
1. 7.80 Generate Report Export to Excel quickbooks
2. 7.80 Generate Report Export to Excel xero
1. 8.02 Consolidate Loans quickbooks
2. 8.02 Consolidate Loans xero
3. 8.03 Loan Amortization Table quickbooks
4. 8.03 Loan Amortization Table xero
5. 8.05 Make Loan Payments quickbooks
6. 8.05 Make Loan Payments xero
7. 8.10 Short Term Investment Deposit quickbooks
8. 8.10 Short Term Investment Deposit xero
1. 8.15 Purchase Order With New Inventory Item quickbooks
2. 8.15 Purchase Order With New Inventory Item xero
3. 8.20 Receive Inventory Requested With P.O. Enter Bill quickbooks
4. 8.20 Receive Inventory Requested With P.O. Enter Bill xero
5. 8.25 Sales Receipts & Deposit quickbooks
6. 8.25 Sales Receipts & Deposit xero
1. 8.30 Advanced Payment From Customer quickbooks
2. 8.30 Advanced Payment From Customer xero
3. 8.35 Apply Credit Or Advanced Payment to Invoice quickbooks
4. 8.35 Apply Credit Or Advanced Payment to Invoice xero
5. 8.40 Record Sales on Account quickbooks
6. 8.40 Record Sales on Account xero
7. 8.45 Advance Customer Payment or Deposit quickbooks
8. 8.45 Advance Customer Payment or Deposit xero
1. 8.50 Bills Track & Pay quickbooks
2. 8.50 Bills Track & Pay xero
3. 8.55 Customer Payment & Deposit quickbooks
4. 8.55 Customer Payment & Deposit xero
5. 8.60 Pay Sales Tax quickbooks
6. 8.60 Pay Sales Tax xero
7. 8.65 Pay Payroll Tax quickbooks
8. 8.65 Pay Payroll Taxes xero
9. 8.70 Enter Bills & Pay Bills quickbooks
10. 8.70 Enter Bills & Pay Bills xero
1. 8.75 Enter Service Items & Invoices quickbooks
2. 8.75 Enter Service Items & Invoices xero
3. 8.77 Purchase Equipment with Debt quickbooks
4. 8.77 Purchase Equipment with Debt xero
5. 8.80 Payroll quickbooks
6. 8.80 Payroll xero
7. 8.90 Rental Income New Service Item New Income Account Quickbooks
8. 8.90 Rental Income New Service Item New Income Account xero
1. 8.95 Comparative Financial Statements quickbooks
2. 8.95 Comparative Financial Statements xero
1. 9.02 Bank Reconciliation Objective quickbooks
2. 9.02 Bank Reconciliation Objective xero
3. 9.10 Bank Reconciliation First Month Part 1 Deposits quickbooks
4. 9.10 Bank Reconciliation First Month Part 1 Deposits xero
5. 9.11 Bank Reconciliation First Month Part 2 quickbooks
6. 9.11 Bank Reconciliation First Month Part 2 xero
7. 9.12 Bank Reconciliation First Month Part 3 Review Report quickbooks
8. 9.14 Bank Reconciliation Second Month Part 1 quickbooks
9. 9.14 Bank Reconciliation Second Month Part 1 Deposits Xero
10. 9.15 Bank Reconciliation Second Month Part 2 quickbooks
11. 9.15 Bank Reconciliation Second Month Outflows Xero
12. 9.17 Bank Reconciliation Second Month Part 3 quickbooks
1. 10.10 Short Term Loan Adjusting Entry quickbooks
2. 10.10 Short Term Loan Adjusting Entry Xero
3. 10.11 Short Term Portion Of Loan Adjusting Entry Quickbooks
4. 10.11 Short Term Portion Of Loan Adjusting Entry xero
5. 10.15 Accrued Interest Adjusting Entry quickbooks
6. 10.15 Loan Payable Adjusting Entry #2 xero
7. 10.17 Reversing Entry Notes Payable quickbooks
8. 10.17 Reversing Entry Notes Payable xero
9. 10.25 Accrued Interest Reversing Entry quickbooks
10. 10.25 Accrued Interest Reversing Entry xero
11. 10.25 Invoice & AR Adjusting Entry Part 1 The Problem quickbooks
12. 10.25 Invoice & AR Adjusting Entry xero
13. 10.26 Invoice & AR Adjusting Entry Part 2 Solution quickbooks
14. 10.26 Invoice & AR Adjusting Entry Part 2 Solution xero
15. 10.35 Accounts Receivable Reversing Entry quickbooks
16. 10.35 Accounts Receivable Reversing Entry xero
17. 10.40 Prepaid Insurance Adjusting Entry quickbooks
18. 10.40 Prepaid Insurance Adjusting Entry xero
19. 10.45 Unearned Revenue Adjusting Entry quickbooks
20. 10.45 Depreciation Adjusting Entry xero
21. 10.55 Unearned Revenue Reversing Entry quickbooks
22. 10.57 Journal Report & Financial Statements quickbooks
23. 10.57 Journal Report & Financial Statements xero
1. QuickBooks Bank Feed Data Files
2. Xero Data Files to Download
3. 315 Quickbooks How Do Bank Feeds Fit Into My Accounting System
4. 315 Xero How Do Bank Feeds Fit Into My Accounting System
5. 320 Quickbooks Project Outline
6. 320 Xero Project Outline
7. 325 Quickbooks Set Up Bank Feeds
8. 325 Xero Set Up Bank Feeds
9. 360 Quickbooks Download Transactions From Bank
10. 360 Xero Download Transactions From Bank
11. 365 Quickbooks Import Bank Data
12. 365 Xero Import Bank Data
13. 370 Quickbooks Add Expense transactions
14. 370 Xero Add Expense transactions
15. 375 Quickbooks Add Capital Expenditures
16. 375 Xero Add Capital Expenditures
17. 376 Xero Add Capital Expenditures Part 2
18. 380 Quickbooks Add Inventory Purchase
19. 380 Xero Add Inventory Purchase
20. 385 Quickbooks Add Amount Paid for Investment
21. 385 Xero Add Amount Paid for Investment
22. 390 Quickbooks Add Owner Withdraws
23. 390 Xero Add Owner Withdraws
24. 395 Xero Add Bank Charge
25. 400 Quickbooks Sales Tax
26. 400 Xero Sales Tax Set Up
27. 400 Xero Sales Tax Calculation
28. 405 Quickbooks 1 Deposit Owner
29. 405 Xero Deposit Owner
30. 405 Xero Deposit Loan
31. 406 Xero Bank Beginning Balance
32. 407 Quickbooks Bank Reconciliation
33. 415 Quickbooks Upload Bank Transactions
34. 415 1 Xero Upload Bank Transactions
35. 420 Quickbooks Add Expenses
36. 415 2 Xero Add Expenses
37. 420 Xero Add Insurance
38. 425 Quickbooks Add Payroll Checks
39. 425 Xero Add Payroll Checks
40. 430 Quickbooks Add Inventory
41. 430 1 Xero Add Inventory
42. 430 2 Xero Add Loan Payment
43. 435 Quickbooks Add Draw
44. 435 Xero Add Draw
45. 440 2 Xero One Deposit Two Invoices
46. 440 1 Xero Receive Payments On Invoice
47. 445 Quickbooks Sales Receipt & Bank Feeds
48. 445 Xero Sales Receipt & Bank Feeds
49. 450 Quickbooks Bank Reconciliation
50. 450 Xero Bank Reconciliation
51. 460 Quickbooks Credit Card Bank Feeds Upload
52. 460 Xero Credit Card Bank Feeds Upload
53. 465 Quickbooks Add Credit Card Bank Feed Data
54. 465 1 Xero Add Credit Card Bank Feed Data
55. 470 Quickbooks Reconcile Credit Card
56. 470 1 Xero Reconcile Credit Card
57. 470 Quickbooks Upload Bank Transactions
58. 470 2 Xero Upload Bank Transactions to Create Bank Rules
59. 480 Quickbooks Bank Rules Amount Limit
60. 485 Quickbooks Bank Rules Split Into Two Accounts
61. 490 Quickbooks Bank Rules One Vendor Two Expense Accounts
62. 495 Quickbooks Bank Rules More Rules & Techniques
63. 495 Xero Bank Rules More Rules

About this course

$49.99
299 lessons
59 hours of video content

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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.

Robert (Bob) Steele CPA CGMA CPI MStax

Instructor

Through working with students from many different schools, Mr. Steele has learned best practices for helping people understand accounting fast. Learning new skills and finding the best way to share knowledge with people who can benefit from it is a passion of his.

Mr. Steele has experience working as a practicing Certified Public Accountant (CPA), an accounting and business instructor, and curriculum developer. He has enjoyed putting together quality tools to improve learning and has been teaching, making instructional resources, and building curriculum since 2009. He has been a practicing CPA since 2005. Mr. Steele is a practicing CPA, has a Certified Post-Secondary Instructor (CPI) credential, a Master of Science in taxation from Golden Gate University, a Bachelor’s Degree in Business Economics with an emphasis in accounting from The University of California Santa Barbara, and a Global Management Accounting Designation (CGMA) from The American Institute of CPA (AICPA).

Mr. Steele has also authored five books that can be found on Amazon or in audiobook format on Audible. He has developed bestselling courses in accounting topics including financial accounting and QuickBooks accounting software.

In addition to working as an accountant, teaching, and developing courses Mr. Steele has helped create an accounting website at accountinginstruction, a YouTube channel called Accounting Instruction, Help, and How Too, and has developed supplemental resources including a Facebook Page, Twitter Page, and Podcasts that can be found on I-tunes, Stitcher, or Soundcloud. Mr. Steele’s teaching philosophy is to make content applicable, understandable, and accessible.

Adult learners are looking for application when they learn new skills. In other words, learners want to be able to apply skills in the real world to help their lives. Mr. Steele’s formal accounting education, practical work experience, and substantial teaching experience allow him to create a curriculum that combines traditional accounting education with practical knowledge and application. He accomplishes the goals of making accounting useful and applicable by combining theory with real-world software like Excel and QuickBooks.

Many courses teach QuickBooks data entry or Excel functions but are not providing the real value learners want. Real value is a result of learning technical skills like applications, in conjunction with specific goals, like accounting goals, including being able to interpret the performance of a business.

Mr. Steele makes knowledge understandable by breaking down complex concepts into smaller units with specific objectives and using step by step learning processes to understand each unit. Many accounting textbooks cram way too much information into a course, making it impossible to understand any unit fully. By breaking the content down into digestible chunks, we can move forward much faster.

Mr. Steele also makes use of color association in both presentations and Excel worksheets, a learning tool often overlooked in the accounting field, but one that can vastly improve the speed and comprehension of learning accounting concepts.

The material is also made understandable through the application of concepts learned. Courses will typically demonstrate the accounting concepts and then provide an Excel worksheet or practice problems to work through the concepts covered. The practice problems will be accompanied by an instructional video to work through the problem in step by step format. Excel worksheets will be preformatted, usually including an answer tab that shows the completed problem, and a practice tab where learners can complete the problem along with a step by step presentation video.

Mr. Steele makes learning accounting accessible by making use of technology and partnering with teaching platforms that have a vision of spreading knowledge.