There are countless ways that cloud-based accounting software Xero can help make running your business smoother. We've come up with some of our favourite reasons.
1. More time for the important things
By allowing you to automate invoicing, and collections, and create time-saving templates for quotes and proposals, Xero helps you spend less time worrying about your books. This gives you more time to concentrate on other important things like family, customer service and developing more ways to expand your empire.
2. Get Paid Quicker
With Xero, you can send invoices to clients as soon as they are created. Then, you can set up automatic reminders and late fees for invoices past due. Xero can do all this for you so that you can sit back and watch the money roll in.
3. Reduce Paper Clutter
You can stop worrying about lost or completely illegible receipts (does that total say $36.78 or $86.73?) Now you can snap a photo using your phone as soon as the paper hits your hand, log it into Xero and move on with your day. Also, many suppliers are more than happy to send you digital copies of their invoices. You can have your statements emailed directly to your Hubdoc account, then make it a habit to publish them to Xero on a regular basis and you'll save yourself so much time.
4. Your Accountant Will Thank You
Xero allows you to give your accountant real-time access to whatever records you want them to have. This eliminates the need to print reports, track down paperwork, or show up with a shoebox full of receipts. You can be confident they will have everything they need to get their job done when needed.
5. Time Tracking is a Breeze
With Xero, you can track time, create tasks, schedule jobs, arrange appointments and make timesheets, connecting them to invoicing and payments. WorkflowMax has been a game changer for many of our client's businesses.
6. Better Insight into your Business
Knowing what your cash is doing in real time is the best way to help you plan. You can review your financial statements - cash flow, budgets etc.- whenever you want so you can make informed decisions about big purchases, product launches or expanding your team. You can also link your warehouse to Xero, instantly syncing your sales, purchases and adjustments making inventory tracking almost fun.
No matter if your business is small, medium or large, Xero and a well-thought-out app stack can streamline your processes, saving you time and money. If you're interested in finding out how we can help set you up for success, Reach out.