Some accounting programs only allow monthly reports, but Xero’s reporting is flexible and interactive. With Xero’s accounting software you can quickly generate customized reports to understand exactly what’s happening in your business at any given time. Share files immediately with employees, clients, or accountants.Attach files to new transactions directly.Xero calls this feature their “online filing system.” You can trim the clutter by uploading all of your important paperwork, files, and receipts into the Xero accounting platform tool. There are also excellent bill organization features and the ability to run reports by importing each bank transaction. With batching and scheduling payments, you can use Xero to manage your cash flow. Xero Bills allows you to see all of your outstanding bills and purchase orders in one place. Xero uses receipt capture to quickly snap photos of receipts and relevant documents, and helps you see employee spending at a glance. On Xero accounting’s highest tier you also get expense management, which can be incredibly useful as your business grows and employees have the need to submit claims and get reimbursed. Invoices and payments on-the-go are common needs for small business owners, but Xero’s mobile app allows you to run customized reports to access your customer profiles, and to respond to quotes right away. The Xero mobile app is free with every plan, which is incredibly useful. You can access your bank transactions in the Xero app, keep an eye on your cash flow, and provide access for each Xero user. Bank reconciliationĪ small business owner will enjoy the seamless nature of linking their bank account to their Xero account, importing bank transactions, and automatic bank reconciliation. You can keep track of the inventory you have in stock, how well certain items are selling, and link directly with invoices and purchase orders to save time. Xero’s inventory feature is simple, but effective. Xero also supports creating and sending quotes to potential customers. The Xero app supports sending invoices on the go, and you can even set up reminders so that you don’t have to waste time following up on outstanding invoices. You can add on payments through Stripe, Paypal, and more to allow customers to pay with just a click. Your Xero account allows small business owners to upload company logos to customize invoices.
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