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Xero – The Best Accounting System in 20 Years

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What is All The Buzz About Xero?

Xero is an online accounting system that gives you and your advisors easy access to your bank transactions, invoices, and reports.  It has been designed from the beginning to be easy to use and geared to small business owners.  It is simple, smart, and secure.  Xero is web-based so you can work where you want, when you want from any computer using only a browser.  You have 24/7 access from any internet connection in the world – PC, Mac, iPhone, BlackBerry or other Windows Mobile device.

Xero requires no installation, manual backups, maintenance or additional software. All updates and new features are available to you when you  next login.

You can attach pdf files right to the transaction so that the payment and the corresponding invoice are together.  No more paper and no more searching for anything!

Due to the way it is designed, small business owners can slash their bookkeeping costs.

Here are some of the other major benefits of using this incredible software:

Dashboard – The first thing that you see when you log in is the dashboard, which focuses on being on top of cash flow for your business.  Everything is in real time!  The dashboard has:

  • A graph of each of your bank accounts that shows your balances over the past few days
  • Graphs that show how much money you have coming in and going out
  • Current month and year-t0-date balances of significant accounts that are key indicators of your business
  • Outstanding staff expense claims
  • The ability to drill down to see transaction details

Manage your banking with ease

One of the revolutionary features of Xero is that the software automatically fetches daily information from your bank and credit card accounts so that your information is real time.  You no longer have to download information from your bank and import it into your accounting program.

Even better is that you can train Xero to recognize these transactions so that most of the bookkeeping is reduced to clicking on an “OK” button.  Even bank reconciliations are eliminated due to it’s revolutionary technology.

Invoicing could not be easier

Xero’s intuitive invoice entry means you can enter your invoices quickly and efficiently, whether you are creating an invoice for one or many items.

  • You can create a schedule to automatically generate invoices on a regular basis, saving you the time and hassle of entering the invoice manually every month.
  • Xero lets you enter your invoices quickly and efficiently, whether you are creating an invoice for one or many items.
  • You can create a schedule to automatically generate invoices on a regular basis, saving you the time and hassle of entering the invoice manually every month.
  • You can email formatted invoices directly to customers from within Xero and you can choose to email a copy to yourself.

Keeping on top of payables is just as easy

Xero lets you track where your money is going and why. You can:

  • See all your outstanding invoices at a glance.
  • Set up repeating payables invoices for regular suppliers.
  • Approve shared workflows to relieve the business owner.
  • Enter receipts for your expense claims as you collect them, or all in one go.
  • Choose to pay part or all of a claim. You’ve got all the information about the claim on hand to help make the decision.
  • Approve or decline each receipt in a submitted expense claim. The entire expense claim can then be authorised.

Secure and private

Xero stores all your accounting information on highly secure corporate grade servers that are automatically backed up.

Xero lets you can collaborate with your trusted advisors online. You can:

  • Control who has access to your data and what they see, with tiered user permission levels and records of when a user last logged on.
  • Allow employees to create invoices and expense claims, but not have access to your bank accounts and reports.
  • Lock accounting periods to close off a tax period, and prevent other users changing your data.
  • Eliminate the need to email or send vital data insecurely by disc.
  • Rest assured your data is safe. Unlike desktop applications, data isn’t stored on your computer, so it’s not compromised if lost or stolen

Customizable

Xero was designed to do accounting fast and easy and to be fun to use.  It was also designed to handle core accounting functions well and not try to do everything for everyone.  However, it has an open architecture and has hundreds of business partners that offer add on products so that you can customize the program for your specific needs.


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