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Is Xero right for my business?

  • Monday, July 08, 2019

Xero – It’s one of the most popular accounting software packages available, but how do you know if it’s right for your business? With so many different Cloud-based accounting software to choose from nowadays, it’s not an easy choice.

At Crest Accountants on the Gold Coast, we are highly experienced in accounting software and are here to help. Let’s take you through a few of our favourite things about Xero, to help you decide whether Xero is right for your business.

 

Intelligent banking

A business’s accounting software is only as powerful as the information that feeds into it. Xero understands this, which is why, they’ve created the bank feeds API, allowing financial institutions to link with Xero software in just a matter of days.

Your bank, credit card, PayPal and any other transactions are automatically imported, so there’s no need to enter this information in manually. You just need to check it and accept/reconcile. 

 

Professional invoicing

You own a professional business and your invoices should reflect this.

Luckily, Xero’s invoice layout is fully customisable, allowing you to create professional invoices, incorporated with your business branding, that you’re truly proud to send to your customers.

Invoices are easy to email via the software, with the ability to see when clients have viewed the invoice too.

 

Proficient payroll

Growing businesses have growing staff, who need to be paid both correctly and efficiently.

The payroll software tools within Xero not only manage the tasks you have to do; the tools automatically update your accounts too. Xero also lets you file your pay runs with the ATO in a matter of clicks, making the new Single Touch Payroll requirements easier than ever.

 

Bill control

Because adding a bill to Xero is so simple, so is taking control of your bills. The bigger your business grows, the more important for you this will be.

Have recurring bills you need to pay? These can be set up on Xero too, so you only need to input the data once and there’s no risk of them being missed or left unpaid.

 

One click financial reporting

A growing business needs to access financial reporting fast and efficiently. With Xero, you can create financial reports with just one click.

Your reports can be as simple or as complex as you like, with over 40 reports to choose from, including Profit and Loss, Balance Sheet, Activity Statement and many more. You can customise your own reports too.

 

Easily accessible

One of the best things about today’s technology, is that your whole business can be managed from the touch of your fingertips, and it’s all accessible on your phone. Xero accounting software, is no exception.

All you need is the Xero Touch App and an internet connection and you can start managing your business from your pocket.

 

A range of add-ons

Want to maximise you and your staff’s workflow, or find an easy way to get all your receipts from your wallet to your accounting software program? There are many apps to assist with this and these apps integrate with Xero.

 

The possibilities of your growing business are endless with new apps being created and integrated every day.

The right accounting software is extremely important for your business and some of our favourite things about Xero may make it the right software for you. If you’re still not sure though, or need some accounting software advice, Contact us and book an appointment today.

 

Crest Accountants - accountants you can trust.

 

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