What is Xero?
Xero is a small business accounting software that runs in the cloud. This means all your financial data is stored online – so you can access it anywhere, anytime, from any device with an internet connection, this also means that you don’t need any specific software.
The Xero accounting application was designed specifically for small businesses. It’s easy to use and will save you incredible amounts of time, transforming the way you run your business.
Cloud-based accounting systems like Xero run in real-time, which means your data is always up-to-date. There’s only one version of it, so you can connect from the office, at home or on-the-go on your PC, iPad, iPhone, Android, or Mac – no more being tied to your desktop!
Xero uniquely provides a single platform where small businesses, their Bookkeepers & Accountants can collaborate easily online. You can choose who has access to your financial data, by simply inviting them from Xero, then log in and look at the same figures at the same time, without any complicated processes.
This makes for a very easy hand over to your Accountant, simply invite them into your Xero software and everything is there to commence work on your annual tax return. No more running around trying to find your paperwork and having to mail or drop the bundle of papers off to your Accountant.
All of Xero’s features have been created to make small business accounting easier. They include:
- Bank reconciliation
- Purchase orders
- Online invoicing
- Financial reporting
- File attachments
- World class security
- Unlimited users
- Unlimited email support
- Bill payments
- Bank feeds
- Fixed asset depreciation
What’s really exciting is that Xero’s features are constantly growing and adapting to the needs of small businesses – and all updates are free!
Xero integrates with a large network of applications to help you manage all aspects of your business. These include point of sale, time tracking, inventory management, invoicing and job systems plus a wide range of other specialised software.