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Retail Daily Sales

Video series

Free

22 MINUTES

Learning objectives

This course will show you how to use Xero day-to-day for a retail business. We have two modules describing two different methods of processing cash and EFTPOS Transactions. The simple method is designed for a more simple retail business, and the detailed method is more suitable to more complex retail environments. Using a case study, you'll learn:

  • Use Xero to manage a simple retail business
  • Record daily takings and cash based purchases
  • Reconcile your daily takings
  • Learn how to reconcile EFTPOS and cash transactions

Course outline

    Simple method:

    • Introduction to case study
    • How to gather daily takings information
    • Reconciling transactions in the bank account
    • Use tracking categories to add information
    • Deal with credit card fee adjustments
    • Use cash coding to speed up reconciliations
    • Use bank rules to automate reconciliations
    • Conclusion

    Detailed method:

    • Introduction to case study
    • How to gather daily takings information
    • Add invoice to record transactions
    • Using tracking categories to add information
    • How to apply payments
    • Reconcile transactions
    • Deal with credit card fee adjustments
    • Conclusion

Topics covered

  • Invoicing
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