XERO
Developed in 2006, Xero is web-based accounting software designed for small and medium sized businesses regardless of the industry. Xero connects businesses with their trusted associates and provides business owners with an instant view of their financial position.
Xero’s online accounting software helps small businesses save time and grow. With a variety of helpful features, Xero makes accounting a breeze. See your cashflow in real-time with online accounting, invoicing, payroll, billing & banking. As web-based software, Xero can be accessed from any device, anywhere in the world with an active Internet connection. It’s fast and simple, so you can make smart business decisions when it matters most i.e. right now.
Work smarter, Not longer
The internet is changing how we live our lives including how we run our business. You are not alone anymore. Real time data allows a continuous and open dialogue between you and your Trusted Business Advisor. It makes managing the financial health of your business more transparent, straightforward and fun.
As far as functionality is concerned, Xero provides many of the same features like other cloud based accounting softwares, with one significant difference; Xero has established partnerships with the majority of banks and credit card companies. Once setup, your bank will forward transaction information to Xero on a daily basis enabling real time bank reconciliations and posting to accounts. Meaning, work can be done efficiently and effectively with minimal input.
Users with no accounting knowledge find it easy to manage, as it transforms some of most standardized and complex financial concepts into an enjoyable journey.
Features
Bank connections: Connect to your bank so transactions flow automatically into Xero each business day.
Inventory: Track inventory, manage stock and easily add items into invoices and orders.
Xero expenses: Easily record, claim, and manage expenses and receipts online.
Information security: Protect your precious business information with extra layers of security in Xero. Encryption, Data backup etc.
Bank reconciliation: Keep track of the money in and out with daily updates and simple bank reconciliation.
Mobile app: Capture expenses, invoice and reconcile while you’re on the move.
Reporting: Tailor smart financial reports and budgets to understand and track what matters most.
Sales tax: Make life easy for your small business with sales tax in Xero. You can add your own tax rates in XERO e.g. Sales Tax, Municipal Tax etc.
Fixed assets: Discover a way to better manage your business’s fixed assets. Manage the depreciation and disposal of your business assets. Disposing and selling of fixed assets is simple, as Xero automatically creates the accounting journals for you.
Multi-currency: Automatic currency conversions allow you to keep a track of gains and losses in almost 160 different currencies. All currency rates are updated every hour. You can even add a default a specific foreign currency to specific vendors/contractors.
Bank reconciliation
Contacts – Keep track of suppliers and customers
Dashboard
Expense claims
Files – Attach documents to your financial data
Financial reporting
Free, unlimited email support
Inventory
Invoicing – Create and send invoices automatically
Log in from anywhere
Mobile apps (Android, iPhone/iPad)
Multi-currency
Online accounting – Access Xero anytime, anywhere
Payroll
Purchase orders
Quick and easy 1099s
Receive bills electronically
Smart lists – Segment contacts based on purchase history
Fixed assets
GST returns
When you’re starting your business, traditional accounting software may be all you need to balance your books. As your business grows, though, you may find a web-based accounting software more appealing.
Since cloud-based accounting software practically lives on the internet. It helps in saving money by negating costs that arise from investment in IT personnel or infrastructure. As far as experts are concerned, Xero is user friendly and combines only top rank features that help close important accounting gaps.
The online bill pay feature helps keep track of expensesand stay on top ofupcoming payments. This helps in improving relationships with the vendors that provide crucial business materials.
With Xero, managing personal expenses becomes easier. You can manage everything with your mobile phone.
Xero offers unlimited user support and integration with a variety of other systems and applications
For more information, Book a Free Consultation