Xero is easy to use online accounting software that enables the business team to access data and collaborate simultaneously in real time. Xero has the ability to integrate and communicate with other business management solutions, streamlining workflow, enhancing productivity, automating mundane repetitive tasks and reducing boring data entry. More importantly, using Xero means the business is working with the same data across all systems. With Xero in place, you can focus your energies on earning money, rather than drowning under a tower of paperwork.
Xero utilises activated bank feeds, accessing the business’s bank, credit card and payment gateway accounts such as PayPal. This pushes real business transactions into your account system, reducing the need for data entry. Reconciled Xero accounts enable the business managers to access useful dashboards in real time, wherever they are in the world. Xero also allows you the business owner to share your financial information with your accountant, bookkeeper, financial advisor, bank and any other parties that may require access – if you permit them.
Another feature of Xero accounting software is that you never need to waste time upgrading the software; it’s done automatically for you. Your data is also backed up securely online (but making your own backups as well is still worthwhile). Xero offers the same sort of security as internet banking. The data is backed up online offsite and is probably more secure and reliable than many businesses’ current backup solutions.