Xero is online accounting software for small businesses. You can use Xero to manage invoicing, bank reconciliation, bookkeeping, purchase orders, payroll, inventory tracking & more. Xero is integrated with 500+ third party apps which cover inventory, invoicing, time tracking and expenses.
The challenges for small business owners are not only the time consumed on the bookkeeping tasks but also the understanding of the concepts and definition of financial terms.
This video tutorial not only takes you through the Xero bookkeeping features and capabilities, but also explains some basic bookkeeping concepts which would be beneficial for people who is not familiar with the terms such as current assets, non-current asset, liabilities, balance sheet, P&L etc.
Video Source: youtube.com, Xero, original link