Why xero

This is one of the most desirable features for a small business, particularly, as they may not be set up in an office just yet. Working from home or remotely while visiting clients makes Xero one of the most accessible accounting software programs to access. Users can view their transactions and account information and balances from anywhere in the world. You can work from wherever you want to, whenever you want to, with no extra charges for doing so.

Xero is great on its own as a program, but it can also be integrated easily with a variety of other programs and software. With a three-tier pricing system and nothing hidden away, Xero has some of the best prices on offer when it comes to accounting software. Their structure includes Starter, Standard and Premium 10 packages that offer a variety of options for your software. The outlay of each are as follows:. Xero uses OCR technology, extracting necessary information like date amount, supplier name, due date from the bills automatically.

We have noticed though that it may not always be accurate, so it is worth reviewing it thoroughly. Hubdoc extracts critical information from each bill or receipt automatically.

You can push all bills from Hubdoc to Xero on the click of a button. A great convenience in Xero is that you can link your bank account to the Xero software. It comes free as part of starter, standard and premium plans. This feature will allow a business owner to set up a bank feed that automatically updates and imports your bank statements to Xero Software. These daily bank feeds mean the immediate tracking of sales invoices, which matches payments against purchases, thus reducing the bookkeeping time and costs.

You can use tracking categories and options in Xero to keep your chart of accounts manageable while viewing department or cost centre wise reports. Xero payroll feature will allow you to track, manage and process staff pay and pension in one place.

It is an addon. With projects, you can now quote, track, invoice and get paid for jobs all within Xero. Another great benefit of Xero software is that when an update comes out, it is pushed to all users immediately without the need to wait for a download to your PC, install the latest version, and then restart it. In the case of Xero accounting software, they release new product updates frequently, and they are already installed the moment that you login. Last but not least, Xero makes it easy to manage sales invoices with the use of many graphs and diagram options.

Plus, Xero even allows you to share financial information with your professional advisors and colleagues, and the best part of it is that there are no limits on the number of users. All the reports in Xero have fully customizable features, which enable you to run a report in seconds for whatever period you need. You can customize the reports to include ratios, new blocs and groups.

No matter how your small business grows or what your small business is, Xero pricing plans will fit your every budget. Prices are VAT exclusive. Payroll can also go for up to employees. Pay with TransferWise: Simple and secure way to pay and manage your bills. Xero has a complete set of support features including video tutorials, FAQs and online customer support.

With all such features, Xero accounting software has made the process of accounting and bookkeeping easier for small businesses. These features will give your small business a leg up on the competition in a world where the v ast majority of small businesses fail in the first three years.

Overall, Xero is a very easy-to-use, flexible accountancy package that can grow with your business. You can speed up the preparation of reports and tax submissions by giving your accountant access to your business accounts through Xero.

You can also find some alternatives of Xero here to help you manage your small business accounting. New features are added automatically, based on feedback from customers. No more downloads install or desktop software updates. Sharing files is easy, and version control issues go away. Check out: What is the cloud and how safe is it? Advisors can easily convert clients and collaborate with them from a single ledger. Business owners can get set up in minutes and collaborate with business partners, integrations with leading business tools are seamless, and visual reporting makes it easy to understand your cash position.

Accountant-client relationships have changed with Xero Accounting Software. We present a live view of the business finances — and the tools used to prepare client accounts — on one platform.

By automating key business performance data feeds, extracting insights and displaying them on elegant dashboards, advisors can deliver proactive advice and services to clients. Xero Accounting Software takes laborious tasks and turns them into beautiful experiences, done at the click of a button or even while users sleep it really is magic.

Mobile apps make it easy to take your accounting software wherever you do business. Automatic daily bank feeds allow you to reconcile your accounts on your schedule without wasting time downloading and uploading your statements. A beautiful Dashboard gives you a real-time summary of all your bank account balances. See your bottom line and Cash Flow at a glance. XERO requires no installations, no manual back-ups or maintenance.