Accounting software has been stuck in a rut for a long, long time. Clumsy software which has been license locked to individual computers or devices, which inevitably meant if you weren’t in front of that computer you couldn’t access your businesses accounting information.
On top of that, if you had a hardware problem, such as a hard drive failing – you better hope you had your files backed up. If not, your data loss issues could dramatically affect your financial record keeping.
Xero has changed all of that. Xero is an amazing accounting and financial application which is designed to help small to medium sized businesses. As it is a cloud based accounting software, you are not tied to one device, and can access your financials from any computer, phone or tablet with access to the internet. So even though you may be out of the office, you will still always have your accounts on hand via your phones mobile data.
Xero also has integrations with a mass of third party applications that you may already be using in your business. No longer do you need to transfer or copy data between applications manually – you can seamlessly integrate them together allowing for a perfect data marriage.
What are some of the features of Xero?
Xero online accounting keeps your data secure and easy-to-access. You can see your up-to-date business financials from any device. And with its automatic bank reconciliation imports that categorizes all your latest transactions, reconciling is as easy as clicking OK.
Xero also offers an incredibly convenient dashboard, where you can view all of your balances, invoices, bills, or expenses, and even add new transactions, all in one place. Finally, with Xero you can view and share interactive smart reports with others users anytime instantly.Invoicing:
Xero makes invoicing simpler than ever. You can create professional, recurring invoices, and even receive notifications when your customers have opened them. You can also create and manage new quotes, and easily convert them into invoices when the work is done.
Xero makes the process of handling and claiming your personal expenses simple. Just review and approve your receipts, then take a picture of them with your phone, and they will be immediately saved online.
Managing monthly payments has also never been easier. Simply input your bills, and from there you can manage your cashflow by batch-paying suppliers and scheduling your recurring payments.
Payroll doesn’t have to be a burden anymore. Xero’s combined payroll and accounting services make it easy to pay your employees, cut down on your manual data entry, and make compliance more manageable than ever.
Better still, Xero includes complimentary timetracking and attendance, minimizing your compliance risks and increasing your employees’ productivity. Your employees’ hours are also immediately uploaded to your payroll, and are automatically calculated and reported.
The mobile app “Xero Touch” allows you to manage your business while you’re on the move. Reconcile, send invoices, and create expense claims right in the palm of your hand. Available on the App Store and on Google Play.
Xero is recommended by Wiseman Accountants Ipswich.