Ten Ways Xero Will Transform Your Business
Conor Gallagher
Cloud Accounting gives businesses, their employees, and their accountants the opportunity to transform the way they work together.
Xero is a cloud accounting software for small-medium sized organisations. Xero holds many benefits that could transform your administration process, streamlining it, giving you time to invest in other aspects of your business.
Here Are Ten Ways Xero Will Transform Your Business
Automation
Xero is filled with automation features that will make time consuming and repetitive tasks easy. A useful automation features include Xero’s ability to automatically populate bills from suppliers, from emails or PDFs, and into accounting software. The time saved averages at 2.5 hours per month for businesses.
Reduce Hidden Costs with Xero Expenses
Employees only need to take a snap of their receipt and Xero automatically scans the details and fills out a claim. This makes it easier for employees to create more timely expense submissions and reduce the amount of errors and rework required. Adding to a host of new features, including multi-currency, mobile notifications and rich analytics, the updated Xero expenses further reduces the costs and time spent on managing expenses.
Hubdoc
Hubdoc automates administrative tasks such as financial document collection and data entry, helping small businesses save time and frees up accounting practices to spend more time analysing data.
Invoicing
Xero makes invoicing easy. It is simple to create professional invoices that are personalised for your business, allowing you to spend less time with excel spreadsheets and spend more time with your customers. If you do have some customers who are lagging in their payments Xero can help you out there too. Simply take advantage of Xero’s automated invoice reminders that will automatically send out to your customers at a time that you have set.
Payroll
Single touch payroll makes it easier than ever to manage your businesses payroll. You can easily set up timesheets online for your employees to use and Xero will do the rest automatically, meaning you only need to click one button to approve the timesheet and your employees will be paid.
Easy to Navigate
Xero was built to be easy to navigate. It feels more powerful and more capable than equivalent software simply because you can easily take advantage of its features. Advanced automation features and simple smart features make it a dream to use in your business.
Xero App
Access your invoices, payroll, billing and more on the go using your phone. Xero’s mobile app allows you to keep in the loop with your business no matter where you go.
Cloud Based
The Xero app would not be possible if it were not for Xero’s cloud-based software suite. Security is a major benefit of Xero’s cloud-based software. With a cloud-based software suite your data is all stored offsite across multiple servers. This means that if there were to be a robbery or a fire at your business you will not lose any of your precious data. All your data is encrypted and protected by two-step authentication, meaning that only those you allow will be able to access your data.
Third Party Integration
Xero can integrate perfectly into existing software that you use to manage your business. A good example for this is Shopify. Xero integration allows you to import all orders into Xero automatically removing manual data entry errors. Invoices can easily be created with this data and sent off with a single click.
Better Communication with Your Accountant and Bookkeeper
With Xero being cloud-based software, you can see all the work your accountant and bookkeeper are doing in real time. This provides you with the ability to communicate with your accountant and bookkeeper about your business’s finances at any time without needing a face to face meeting.
