Xero online is an accounting software that’s widely used in the accounting industry. Nearly every bookkeeper and accountant must be familiar with Xero (among other softwares like Quickbooks and Excel). In Singapore, its popularity exploded with the accounting software PSG grant. Many small businesses adopted Xero when the accounting software grant, funded by the government, offered an 80% cost rebate. It is important to show employers that you’re familiar with the business’s tools. After all, which accounting firm wants to train a new accountant from scratch?
Learning Xero at a young age can give you a practical skill to list on your resume
A lot of new graduates complain about the competition and inability to find a job in today’s market. There are too many new accounting graduates in Singapore and a limited number of accounting firms. But learning accounting at 14-years-old can help you stand out from the crowd when you’re able to show a decade of experience as a new graduate. And learning accounting doesn’t have to be lonely or difficult. There’re Xero online courses that you can take.
These Xero online courses are usually held on Zoom and you’ll be learning alongside more experienced bookkeepers and accountants – this means a great opportunity to network with others in the industry!
Learning how to use Xero will also give you something to list under the “Skills” section of your resume. In addition, many school counsellors and teachers often ask students for their hobbies and special skills. Yours can be accounting and doing bookkeeping for small businesses using Xero! Furthermore, accounting and reading financial statements can be a stepping stone into investing.
Use Xero to keep track of your finances
One good tip to learning how to use Xero accounting is to take on a personal project. Since you’re unlikely to have a business at 14-years-old, you might want to bookkeep your own personal finances. Add your allowance and income from odd jobs as income transactions. Take note of your weekend expenses like going to the movie and plot your spending via an income statement.
And if you love finance as much as I do, you’ll definitely find yourself to be more interested in your personal finances and how you can grow your income and net worth. The real benefit of learning accounting is gaining an interest in investing which will be with you for the rest of your life!
Cheryl Hearts
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