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Xero is a cloud-based accounting software that is tailored to the needs of small businesses. This software has all the time saving tools and helps small firms manage their accounting details in the best possible way. Xero helps the user send online invoices to the customers and schedule payments, along with simplifying the process of paying the suppliers. Invoices can be reconciled and expense claims can be created using mobile applications offered by Xero. The reconciliation of invoices takes seconds and helps save up on precious time, while latest bank transactions can be imported and categorized.
Features, Benefits, Strengths
Online Invoice Management – Xero online invoicing facilitates the user to create professional invoices. The customer can make the payment on an immediate basis using the Pay Now button through the available payment gateways. The unpaid amounts from the previous invoices are also displayed so that the customers can pay the outstanding balance. If the customer is also a Xero user, he can save the invoice as a draft bill into their company. The customer can contact the business owner from within the generated invoice, and the message would be emailed to the business owner. The user can generate invoices directly from the quotation. Xero also facilitates the user to follow up and track the quotations.
Payment and Payroll Management – Users can manage their bills through Xero. This would help the user remain organized and manage cash flows in a better away. The application provides a complete overview of the purchase orders and the bills which can also be created using Xero. Purchase orders can be copied directly to the bills and bill payments can be made in batches. In addition, employee payslips can be printed in just a matter of seconds. This software provides a comprehensive approach towards managing the tax calculations and employee leaves. It also facilitates automatic pay run journals.
Cash Flow Management and Business Management on the Move – Xero manages the bank activity for the user and automatically matches the activity to your banking transactions. The user can also attach files with important financial data using Xero. The mobile application can help the user to send invoices and reconcile them on the move, along with the facility to create expense claims with ease using the Xero mobile application. Receipts can be added on the go. Reports can easily be published, and access can be granted to the relevant users. The reports can be sent using Google Docs for collaborating the cash flows and the budget. Business owners can manage all the aspects of their business by connecting to several e-commerce add-ons. The data is kept extremely secure, and all the updates and upgrades are added automatically.
The biggest quality about Xero is that there are no surprises or hidden costs. The user can test drive every feature for free for a trial period of 30 days. The Starter version of Xero comes at $20 per month, the Standard version costs about $30 per month, whereas the Premium version of Xero costs $40 per month.
Xero is targeted for small ventures, accountants, and individuals. All entrepreneurs need compelling monetary solution and bookkeeping to attain achievements and success. Xero is beneficial to bookkeepers and accountants as well because it helps put the client’s financials at their finger tips.
Language supported by Xero is English.
Some of their Clients
Some of the main clients of Xero include Francis Consulting, Peter Jackson Plumbing, NetPotential and Monaco Lange.
Richard Francis from Francis Consulting stated that he loves the fact that Xero is highly customer-focused, and that his suggestions are embraced and listened to.
Sonya Jackson from Peter Jackson Plumbing doesn’t consider herself or her husband as tech-savvy, but they find Xero straight forward and easy to use.
Eyewear Boutique Founder Kajal Sanghrajka was impressed by the customer support offered by Xero.
Xero is a powerful accounting application, and has a solid innovation and database group. They took the time to re-evaluate accounting software in the cloud, and construct the world’s most compelling accounting engine. It is perfect for every user who needs to keep an eye on his business financials, and fulfills all the key requirements of business owners that include reporting, bank reconciliation and invoicing. Xero has got everything that is needed to run an online practice efficiently.
Xero was established by serial businessman Rod Drury and his bookkeeper Hamish Edwards in July 2006. Xero is based in New Zealand, and develops cloud-based accounting applications for small and medium-sized organizations. The organization has its offices in New Zealand, Australia, the United Kingdom and the United States. It is listed on the New Zealand Exchange, being one of the top 20 companies, and also listed on Australian Securities Exchange.
Moiz is a member of the expert writer team for Project-Management.com. He has written more than 100 articles including project management software reviews, books reviews, training site reviews, and general articles related to the project management industry on this site.