Why We Love Xero And You Should Too

We've proudly been using Xero since we first started in 2012, and we think it's fantastic. For most business owners, an accounting system isn't something that exactly sparks joy, but when numbers are your business, a reliable accounting system is essential. Many find the financial side of business to be chore or even worse a nightmare, but being out of touch with your finances is risky - which is where Xero comes in.

Why we’re still in love after all these years…

Processes Simplified
Xero was designed with small and medium-sized businesses in mind. So, it has so many features that will make tracking your business finances more manageable. With a couple of clicks, you can check your financial position for the year or month. With Xero, you can handle payroll, as well as ensure your company doesn't owe any vendors. With your obligations covered, you can automate your day to day financial tasks by creating a simple coding rule, so your income and expenses are allocated correctly. You can create repeating invoice templates for regular transactions, and upload your receipts by email or data share.

Customizable Experience
The Xero dashboard is entirely customizable, meaning you can see the parts of your business you want to see, and hide the parts you don't needs. By doing this, you can get a snapshot of how your company is doing throughout the month, see what is outstanding in terms of income and expenses, review your account balances, and invoice clients. Xero made your way.

On The Go
As a cloud-based system, you can access Xero from any computer with a data or WiFi connection. It also has a downloadable app so you can quote and send invoices on the go. Whether you're out for a meeting or on vacation, you can access all of your financial records in once place; this means there is no panicking about leaving files behind or having the information you need away from the office.

Intergrations
Since Xero was built by experts who understand business, they know you need multiple tools to run a successful company. So, Xero easily integrates with all the other tools you use daily. Stripe, PayPal, Vend, Shopify, GSuite, and many others, including CRMs, are easily connected. You can also get other programs that simplify your process even further. Receipt Stash removes the need for manual data entry of your receipts as it draws out the relevant information from your receipts and loads into Xero instantly. There are so many additional integrations and add-ons that you can utilize depending on specific business needs.

Easy for Your Outsourced Accounting Team
One of the greatest things about Xero is that you can grant access to your outsourced accountant or outsourced bookkeeper, and they will receive streamlined information. Sharing access allows you to hand off the financial aspect of your business while still seeing real-time activity. At a glance, everyone knows where things are. You assume little risk of missing bills or having outstanding payments from clients. Sharing your financial data also makes it easier for your outsourced bookkeeper or outsourced accountant to keep your business financially healthy. Taxes are prepared in a breeze with no need to write out information or punch numbers into a calculate. You can check financial trends to see when your high and low periods occur, which can help with budgeting and cash flow.

These are just some of the reasons we've loved Xero for almost ten years. It's a fantastic tool developed for businesses and bookkeepers alike. However, not everyone has the time to learn how to use it so intricately. So, if you are looking for a Xero pro to streamline your finances - get in touch with us. We're happy to help you with your outsourced bookkeeping needs.