This course is for small business owners, accountants and bookkeepers who want to use tracked inventory in Xero to monitor stock on hand and track the profitability of products they buy and sell.
This course covers topics in the L3 Xero specialist certification.
Identify scenarios where tracked inventory is appropriate in Xero and navigate the products and services menu to find relevant features.
Create, duplicate, and import tracked inventory items, including setting up opening balances, to ensure accurate stock records from the start.
Demonstrate how to adjust tracked inventory by recording inventory adjustments such as stock corrections, revaluations, and write-offs.
Apply techniques to archive or remove tracked inventory items that are no longer needed, ensuring the inventory list remains accurate.
Run and review key inventory reports, including the Inventory Item List and Inventory Item Summary, to monitor stock levels, values, and profitability trends.