Advantages of Xero for Small Business
I must admit, I was a Xero sceptic, and now, I am a Xero convert. If you are a small, privately-owned or family business with less than 20 employees then, in my opinion, Xero will be the best option 99% of the time. It is user-friendly, fast, reliable, and cheap.
Accorti Accountants + Advisors can set up the Xero basics for your business, but there are key features that you will want to know about from the start so that you can spend more of your time focusing on the business and less time on the accounting side of things. Some important key features are listed below.
The Xero Dashboard
The dashboard displays the most important financial information of your business, including cash coming in and going out, invoices owing to you, and bills that need to be paid. It is worthwhile exploring the dashboard, customise it for your business, and use shortcuts for daily business tasks.
Connect bank accounts / bank feeds
Xero is about making those tedious tasks easier to manage, so Xero will connect straight to the bank so that your transactions will feed into Xero automatically. This is extremely easy to set-up with most Australian banks directly from the Xero software.
Xero allows you to invoice electronically, add payment options, auto-generate invoice reminders, and more. Spend time to set this up at the start and you will save time and get paid faster!
The below link has plenty of videos and articles to help you use Xero to its full potential and value to your business. Take it from a reformed sceptic, you will not regret it!
If you need assistance, give us a call or send an email. We are Xero-certified so there is no question too simple or too complex.
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