Monday, 9 November 2015

Xero - Beautiful accounting software for beautiful people (you)

Smart small business owners all over the world are rushing to make the switch from traditional accounting desktop software to Cloud Based Solutions. As accountants and business advisers we are loving this change and the potential it offers our clients!

So why are we so excited about what most people consider the world’s driest topic - accountancy software?

The answer: Innovation.

Xero, a cloud based accounting solution has not only changed the way you look after your financial records, but the way you connect with your customers, suppliers, and advisors. So there’s a lot to be excited about!

Gone are the days of:
  • sitting down for hours of data entry, as you or your bookkeeper, enter each and every receipt and bank statement line
  • managing your debtors as almost a full time job 
  • looking at old historical data to try work out why your cash flow was so bad

Xero allows you to keep track of your finances on a real time basis! This means you can log in anywhere, at any time, and know what your business’s financial position is, how it is performing, who owes you money, and when upcoming payments are due.

Doesn’t that sound great?!

Xero has decided the way of the future is to utilise cloud technology and an innovative approach to business and as a result have produced amazing software with hundreds of time saving features and efficiencies built in.

Xero removes time-consuming data entry by automatically downloading your Bank statements into Xero on a daily basis. Recurring transactions are memorised, and you can set up rules to take the boring and time consuming work out of bookkeeping.

Xero reduces the time it takes to create professional Quotes and Invoices, as well as allowing you to copy invoices and create recurring invoices, which can be emailed directly to your customers. No more invoices getting lost in the mail! Get paid easier with Invoice Reminders, which automatically prompt customers when an invoice is overdue.

Processing Payroll is a breeze in Xero! Staff have access to an Employee Portal where they can access their payslips and request leave. Auto Super in Xero allows you to pay Super with a click of a button, whilst being compliant with the ATO’s new SuperStream rules.

Track your Inventory, schedule upcoming Payments to manage cash flow, and take care of your Reporting requirements.

There are so many great features in Xero that it is really hard to find a favourite. From an accountant’s point of view, the ability to access the same, live file as our clients has been invaluable. Our advice is no longer based off past figures, but instead we can provide proactive real-time advice and services.

If you would like to more about Xero and how it could benefit your business, please contact our office.

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