Xero Accountants is an accounting software package that offers a wide range of features for small businesses. These features include connecting bank accounts, accepting payments online, sending invoices, keeping financials up to date, and more.
The Xero Accountants dashboard is easy to use and customizable, so you can choose what information you want to see. You can even create a custom view to display cash flow, invoices to be paid, and more. Getting started is easy, and the help center is packed with tips and tricks.
Inventory Management
If you have a product-based business, you will need to manage your inventory, and Xero has the tools you need. You can add your company’s products, track inventory levels, and set up sales and expense accounts for each item.
Payroll
If you’re a small business owner with employees, you’ll need to manage payroll and tax reporting. Xero’s payroll feature lets you set up employee profiles and pay them automatically from the software. You can also create invoice templates and send them to customers on a recurring schedule.
Invoices
You can create and customize your own invoice templates with a logo, accept credit card, debit card or bank transfer payments, set automatic reminders for clients to pay, and even integrate a third party payment gateway such as Stripe or GoCardless. Xero is a great option for businesses who need to bill their customers quickly and easily.
Expenses
Xero has an excellent expense tracking feature, which allows you to attach photos of receipts for proof of purchase. This is especially useful if you have employees who need to expense items for their own records.
Inventory
Whether you are a service or product-based business, it is important to keep track of what you have and how much you need to sell. Xero offers an inventory management feature that is moderately priced and ideal for most businesses.
Invoices & Quotes
You can create and send invoices and quotes to your clients in just seconds with Xero. You can add your logo and send them on a recurring basis, as well as add attachments to help make your invoices look professional.
Sales Overview
The sales overview section provides an easy-to-understand summary of your sales transactions, including which bills have been paid and which ones are outstanding. You can also search for and edit existing transactions or create new ones.
Reporting Options
Xero offers more than 50 different reports that can be used to pull data about your business. These reports are updated regularly, and you can also export your data for use elsewhere.
Cost
Compared to Quickbooks, Xero is one of the most affordable accounting packages out there. Its monthly costs are around $9, whereas Quickbooks usually charges $20 per month.
Accurate Financial Reporting and Analytics
Using accurate financial reporting helps you make better decisions about your business. Moreover, it also makes it easier for you to plan for future growth and maintain a strong credit rating.
The Xero dashboard displays your business’s financial health and helps you see where you need to improve. It has a customizable view that allows you to drag and drop sections to display what you need most.