Xero cloud-based accounting is an accounting software tool ideal for small businesses. The Xero tool manages invoicing, purchasing, expenses, bookkeeping and so much more. At the heart, Xero is a modern accounts assistant, who lives in the cloud. Not a rain cloud, a mystical techy one you can’t see, but can access from any computer or mobile device. This easily available access makes for a smarter and easier accounting process.
Get to know Xero – Key features
1. User-Friendly Design
The Xero dashboard is completely user-friendly and provides business owners with a clear and concise overview of their financial situation. Monitor cash flow, upcoming bills and expense claim all from the one place.
2. Free Unlimited Users
All Xero plans automatically come with an unlimited user prefix built in – no need to pay multiple license fees. Multiple account access increases the ability to collaborate effectively with colleagues. If you are looking for something in particular, get real-time advice from financial advisors by simply inviting new users to view data.
3. Connects with 500+ business apps
Linking with other commonly used small business apps, Xero integrates a variety of
third-party apps to improve a consistent flow in the running of your business. Data
can flow between apps directly into your Xero ledger, cutting the time and effort
taken up by manual data entry.
4. Seamless, automatic updates
Xero takes away the hassle of manually updating new software. New features are
added to your cloud dashboard, based upon individual feedbacks. Automatic updates to the cloud happen on a 3-6 week basis.
5. Unlimited Email Support
In the modern world of business hours are no longer restricted to the 9-5 regime.
Xero understands your business needs support no matter what the time, thus they
provide unlimited, around the clock email support. Your business doesn’t need to
clock out at 5 o’clock.
Traditionally small business accounting software was not available via the mystical world of ‘The Cloud’ and made even the simplest of tasks tedious. This old-school method of manual entries and paper trails sucked far too much time away from the value of your business, and ultimately took the fun out of being in business in the first place. Cloud accounting software can save your company time and money, we have shared our top 3 benefits of Xero cloud-based accounting and how it can change the way you run your business.
Real-time financial reporting
Managing cash-flow is the holy grail to financial success for many business owners. And for some small business entrepreneurs, the ability to have real-time insights to their finances is non-existent. Conducting day-to-day business operations blindly unaware of key financial information can be the making or breaking of a business. Ready to put yourself back in the driving seat of your business success, introduce cloud accounting. With auto-updated, real-time information regarding the financial health of your company, you will know where your money is coming from and going to 24hours a day 7 days a week.
Collaboration made easy, step into my office in the cloud
Working from the cloud, business owners and their advisors have the information they need to hand when they need it. You no longer have to wait around for anyone else to send through documents, respond to emails or simply turn the out of office back on, to get what you need. Nowadays, it’s not completely practical for all integral parts of a business to work from the same place. Whether on the go, at home or in the office the digital nature of Xero’s cloud-based accounting software, allows for business collaboration to become more achievable. This cuts down on wasted time, improves communication across the business and provides greater real-time insights.
Back up is a breeze
With a growing business, finding time in the day to back up data isn’t top of the priority list. But it should be. Thanks to Xero working in the cloud, the integration between bookkeeping and software is automatic. It happens alongside, as part of your business workflow. Gone are the days of painful manual back-ups.
If you’d like to find out more about Xero cloud-based accounting software or have any questions regarding cloud-based accounting or bookkeeping in general, chat to our team today.
Also, If you’ve found this introduction to Xero cloud-based accounting interesting, you might also be interested to find out more regarding our virtual finance director service. To learn more about what this service could provide your company, get in touch. We offer training and accounting systems advice, on how you can do more with Xero. AtDefacto-FD we have years of experience in both paper and digital accounting and our friendly, personal team are always on hand to guide your business towards success.
