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Why Xero online accounting is good for Small Business

Xero’s online accounting software is designed to make Small Businesses run smoothly and easily. Xero is a powerful all-in-one solution for your business, which keeps your accounts running like clockwork, your records tidy and makes compliance a breeze.

Because you can use Xero on any device you can work anywhere at any time!

How Xero works for you:

• Connect to your bank, you can easily connect your bank accounts to Xero.  Once they are synced, your bank statements will automatically flow into Xero.  You can see your bank transactions every day and reconcile your bank account. You will have an up-to-date picture of your cash flow situation.

• Collaborate in real-time, with Xero you can work with your accountant, bookkeeper, or employees, even if you are on the other side of the world! Leave comments and have discussions in real-time.  Allow employees to send invoices, submit claims (expenses) and manage leave.

• Pay your bills, track, and pay your bills anytime, anywhere. You will be able to see what accounts are payable and what your cash flow looks like.  You can also accept payments and get paid twice as fast if you add on one of the payment apps available.

• Payroll, pay your employees and keep basic employment records.

• Contacts and smart lists. You can look up a customer or supplier and see a full history of sales, emails, invoices and payments, as well as contact details.

• Make Xero work for you. You can add in the elements that you need.  Xero’s app marketplace has over 800 third party apps to make running your business even easier.  You can add to your plan with add-ons like Xero Expenses (to help your process claims) and Xero Projects (which helps you manage projects, all in one place)

You can also connect to third-party apps like Hubdoc, which helps you to capture documents, and Vend, an inventory, retail and point of sale app. These and hundreds of others can be found in the Xero marketplace. If this has piqued your interest please contact us at hello@118accounting to help you make the switch

source Xero website