Xero is one of the best and easiest accounting software packages on the market. The great thing about Xero is that it’s all online and can be used on the go as there’s no need to install it onto your computer or network system. It has all the features you would expect to find from any accountancy software, from automatically handling foreign currency transactions to VAT returns and instant up-to-date reporting.
Here we discuss some of the benefits of using Xero and why it’s one of the best accounting solutions available today.
Get Paid Faster
There is nothing more annoying than being paid late. Luckily, Xero can help you get paid up to twice as fast. Xero connects you to online platforms like GoCardless and Stripe that allow you to add a “pay now” button to your invoices to make it easy for your customers to pay their bills.
You can also add automatic payment reminders that help save you the hassle of chasing unpaid invoices.
Automated Bank Feeds
One of the most time-consuming aspects of bookkeeping is managing bank transactions and ensuring banks reconcile. Many businesses waste hours manually entering the same data for similar transactions.
Xero helps to save you time by connecting to your bank account and allowing you to set up bank rules that automatically code transactions that meet certain set conditions.
Data Security
Making sure your and your clients’ data is secure is one of the most important things to consider as a business. Xero adheres to one of the strictest cloud security systems on the market today applying bank-grade encryption protocols throughout their software. They implement multiple layers of security to maximise their protection of all your personal financial information.
Here at Hugh Davies & Co, our platinum partnership with Xero allows us to access your accounts at any time and collaborate with you online to help give you the best advice and guidance possible. Contact us today to find out more about how Xero can help your business.