Xero Accounting Tutorial for Service-based Businesses (2026)

Video Description

✅ Try Xero for free and claim Xero's special discount ➜ 👉 https://xero5440.partnerlinks.io/stewart-gauld In this updated Xero tutorial for service-based businesses, I share how service providers can setup and use Xero for their accounting and bookkeeping activities. I walk you through this Xero accounting tutorial from the perspective of a small business owner who uses Xero across three different businesses. I’m not an accountant and do not come from an accounting background. Helpful Xero video and article resources: ✅ Watch our Xero vs QuickBooks video ➜ https://youtu.be/55sNWGhQq4E ✅ Migrate spreadsheets to Xero ➜ https://youtu.be/QbqdYfFq24Q ✅ Xero mobile app tutorial ➜ https://youtu.be/bkT9K6bVLOY 👉 Learn more about Xero on YouTube ➜ https://www.youtube.com/@xero *IMPORTANT NOTE: The Xero link up above is an affiliate link, which means we will get a commission if you upgrade to a paid plan through this link (with no extra cost to you), this helps support our channel and we thank you in advance! 🛠️ My Top Recommended Tools for Small Business 🛠️ 👉 https://stewartgauld.com/tools *(I'm an affiliate with some of the tools that I use and recommend, meaning we will get a commission if you buy through them at no extra cost to you. This helps support our channel so I thank you in advance!) Xero is a leading, user-friendly cloud-based accounting software designed for small and medium-sized businesses. Xero is a great option for small business owners who would like to streamline their business accounts and transactions. Essentially, Xero takes the hard work out of daily accounting requirements. Talk to your accountant about the best plan for your small business. ► In this Xero tutorial, we cover the following: 0:00 Intro 01:06 What is Xero? 01:41 Create your Xero account 02:11 Getting started 02:37 Xero settings 06:14 Chart of accounts 07:31 Account reconciliation 08:52 Xero contacts 09:31 Products and services 10:54 Home dashboard 12:50 Xero invoicing 14:45 Xero purchases 15:35 Xero reporting 16:05 Xero payroll 16:54 Xero projects 18:34 Other features 19:47 Outro ► Are you interested in joining our small business community? Join us to receive actionable tips, tutorials and tools to grow your small business online (Subscribe to our email list) or join our exclusive community here: https://mailchi.mp/71ac3fcdbfdf/stewart-gauld Let me know if you found this Xero tutorial helpful. Also, if you require any help or support, make sure to get in touch with us today. Thanks for watching and enjoy! #accountingsoftware #xero