7 best Xero accounting features for small businesses, start-ups and SME's

Xero is a cloud-based accounting software which is mostly used by medium and large businesses or those in need of multiple users. Xero provides multi user access within one account. Xero allows you to send custom invoices, track inventory, custom reporting etc. Here are some best accounting features Xero provides:

  1. Multi User Access: Xero provides multi user access for company account. This feature is very helpful for any business, by which user can give access of company’s accounts to employees, CPA and bookkeepers. It comes handy to manage all aspects of accounting within the company. Admin can control access and permissions provided to its users.

  1. Multiple Currencies: Xero supports over 160 currencies. User accept payments in different currencies, receive bills, and send invoices in different currencies. User can set currency preference as per different clients. User can generate different reports in multiple currencies as per requirement.

  1. Client Portal: Xero has recently added a nice client portal where customers can view, print, and pay invoices directly online. Potential customers can view, accept, decline, or comment on quotes.

  1. Expense Tracking: Xero provides expense tracking feature where bank and credit card are synced with Xero. User can easily categorize expenses with one click. Xero’s smart categorization remembers the past transaction categories and automatically categorizes new transactions.

  1. Business Performance Dashboard: Xero provides dashboard of full up-to-date graphs and picture of how user’s business is performing. The business dashboard charts and graphs for insight inform user about business position, so user can make effective business decisions.

  1. Files: Xero provides cloud based storage for your files and documents like bank statements, invoices and bills. It is easily accessible from anywhere. User can easily manage and share stored documents and information. User can attach relevant documents to the transactions and invoices.

  1. Accept Payments: Xero support various payment solution gateways like Paypal, Stripe and GoCardless. User simply email invoice, then when customer views it online, they can use the ‘Pay now’ button to pay securely using one of chosen payment services. User can add different invoice payment service to online invoice.


Follow us on:


Comments

Post a Comment

Popular posts from this blog

9 best benefits of outsourcing accounting services

Image
Bookkeeping and accounting is the most important aspect and integral part of non-core activities of any business. In today's time business is growing rapidly and to back your business with rapid growth and enhanced profit, you need to pay more attention to your core operations. Here are some benefits of outsourcing bookkeeping and accounting services are as follows: Cost-Effective: This is one of the major benefits of outsourcing services. By outsourcing bookkeeping and accounting operations, you can save extra overhead costs. Increase Profitability: By outsourcing bookkeeping and accounting operations. It allows you to concentrate and maintain focus on your core operation and it will save your extra overhead costs as well. By this, your productivity and profitability increase. Professional Expertise: By outsourcing bookkeeping and accounting operations, you get professional expertise by your side. Outsource your
Read more

7 best Quickbooks accounting features for small businesses, start-ups and SME’s

Image
QuickBooks is an accounting software which is very popular among small businesses, startups, and SME’s. Quickbooks provides tools for daily accounting, income and expenses tracking, invoicing and billing, and financial reporting etc. Here are 7 best Quickbooks accounting features Quickbooks provides for small businesses, startups, and SME’s: Chart of Accounts: Quickbooks provides chart of account feature to manage the available/created accounts ledger. It is very useful for editing and modifying different account information. It shows the debit or credit balance of all the accounts. It lists ledger accounts available of business like bank account, expense account, income account, fixed assets account, current assets account, current liability account, long term liability account, user equity account, etc. with proper classification and balances of account. Bank Feeds: Quickbooks provides banking feature to manage all bank accounts. Anybody can track their income and
Read more