Xero is a cloud-based accounting software that has been causing quite a buzz on the market for some time. The product is highly rated by hundreds of clients who uses the software. It is a New Zealand-based software company that develops cloud
based accounting software for small and medium size businesses. The company has overseas offices in the United Kingdom, Australia, and the United States. Xero comes with so many important benefits. This article provides a comprehensive overview of this highly efficient cloud-based accounting software.
There is no installation or maintenance required because the software is cloud-based. You will not have to install the software on the PC or worry about having enough licenses for every user in your office. They will become things of the past thanks to the latest cloud-based accounting software for small and medium size businesses. You only need the username and password, and you are ready to start using the software. The dashboard will help you have a clear view of how much money is coming in and going out of your business. These are some of the most important advantages of using this cloud-based accounting and bookkeeping software for small and medium scale businesses.
You can set up a bank feed so that the software will automatically import your bank statements into it. You will not have to import the statements manually due to this. The software lets you work from anywhere, anytime and include as many users as you want with no extra cost. This is the main advantage of using a cloud-based accounting software to handle your accounting functions. You can manage cash flow more effectively and set up payments to go out of your bank account on any given dates. You can set up your invoice, statements and remittances to include you company logo, banners etc.
Invoicing is fast and simple with this software. In fact, invoicing is customized to your business so that you can create an invoice and email it to your customer with just a few clicks of the mouse. Attachments can also be emailed with the invoice. You can even see when the client opened the invoice. In fact, there will be no more “I never received the invoice” excuses. Suppliers can also email you their invoices and you can import them into Xero eliminating the keying process. Reports can be generated and emailed straight from Xero.
Never again will you have to worry about Backing Up your accounts as everything is stored on the cloud. Updates are automatic so you won’t have to do anything.
No need for those yearend reports and files to be generated and sent to your accountant as he simply logs onto Xero and gets all the reports and information he needs and can also make adjustments without effecting your daily work load.
The software is also compatible with tablets, smartphones, and most of the other mobile technologies. This means you can access your accounting information even while you are traveling. The software provides a daily view of the total cash amount within the business. These are the major benefits of using this software in your business.
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