The Xero accounting software offers a wide array of features that can help boost your business accounting tasks. Read on to know more about these features.
A random review of how your competitors do their business accounting will give you a clear idea on how outdated paper-based systems are. For the contemporary business owner to stay at par with modern business standards, revamping his business accounting is a pre-requisite. And the best way to do that is to patronize cloud accounting services to help you stay on top of your books.
How much do you know about Xero? And how, exactly, does it compare with other cloud accounting tools? Read and explore the Xero accounting software extensively in this blog:
Dashboard
The Xero dashboard allows you to see your critical business numbers in a snap. The overview that it provides is not just easy to understand, it also provides a comprehensive picture of your bank balances, sales and upcoming bills.
Reporting
Xero provides instant and up-to-date reports that are easily accessible. The software also allows you to examine the original transactions from which the reports were based from. You can access this through quick links that are readily available for users.
Bank reconciliation
The bank reconciliation feature of Xero is very useful for business owners who have different bank accounts. Through this feature, reconciling bank balances will be a breeze. Just imagine how simpler and easier it is to take the process of manual bank reconciliation out of your hands.
Unlimited users
The Xero accounting solution allows unlimited users to view and review your critical business numbers. This is most useful for business owners who have a complex set of books and an expanding accounting team. Another commendable feature from Xero is that it offers different permission levels for users. By setting permission levels, you will have the option to choose how extensive you want your accounting team to get exposed in your business finances.
Collaboration
By using Xero, you can easily collaborate with your advisers – both on a personal and virtual setting. This comes handy if you have business financial concerns that need to be settled immediately. Through Xero, you and your adviser can easily access your bank accounts in real-time, paving way for a seamless collaboration.
Invoicing
Xero’s invoicing feature can easily give your business that much-needed boost. By creating and automatically sending out invoices to your clients, you can rev up your cash inflows and manage your business finances better.
Xero offers a lot of features that can revolutionise the way you do your business accounting. And what’s more, it also has an open API feature that allows easy integration of add-ons in case you are looking for more specific features to include in the software.
Cloud accounting asserts the competitive edge of your business. All you have to do is to choose the most suitable cloud accounting tool that is ideal for the size and operations of your enterprise.
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