When your business develops, getting the accounting software is really important, which supports and adapts to those changes. Xero’s price and plans place a business’s progression, which is significant for small companies that are evolving and don’t intend to remain so small. Xero’s flexibility with its functions and plan choices makes a space for businesses to develop comfortably.
When small business owners is asked about what the “perfect” accounting software should do, the resounding respondence was that it should save you time. Xero accommodate this needs by automating processes, helping accounting tasks as simple as possible to accomplish. In addition to standard accounting capabilities, below are some of the timesaving functions Xero including:
– Invoicing: You can send clients electronic invoices that they can carry out the payment via online. If your company offers clients with quotes or estimates, you can transfer them to invoices with just a few clicks. Because you can also make plan the system to automatically send recurring invoices and reminders, you save time chasing payments.
– Bank reconciliations: Xero automatically imports bank and credit card transactions when you access your bank accounts to the system. The software’s intelligent reconciliation tool combines transactions and learns how to predict matches as you use this function. You can also set it up to reconcile transactions in bulk based on rules, eliminating the demand to individually categorize transactions.
– Inventory: The software contains inventory management tools and can track items in real time, displaying you how many products you have in stock when you’re making an estimate, quote or invoice. It can support you identify your bestselling and most profitable items, and you can make and send purchase orders directly via email from the software and then copy the information to generate payments for bills or invoices for customers. Integrations are offered if you have advanced inventory management demands.
– Mobile access: you can build and send quotes and invoices, come with documents to invoices, reconcile transactions, and get a real-time view of your cash flow by using the Xero Accounting & Invoices app for iPhones and iPads.