Xero is a cloud-based accounting software for small to medium-sized organisations.
Here are some of the features of Xero:
To access Xero in Australia, go to https://www.xero.com/au/.
Xero saves you time because you no longer have to install accounting software on multiple machines. Updates are handled automatically from the cloud. Regular maintenance like loading tax tables is handled automatically by the Xero support staff.
Xero offers unlimited users, unlimited support, and unlimited bank feeds, so there are no limits on your growth. Since Xero handles the purchases of all servers and maintenance, there is no huge capital expense required at the start.
Allowing users to access their accounting system via the Internet can be a major security concern. By using a service like Xero, they take care of the security for you so you no longer have to maintain firewalls and other hardware to protect your data.
Work from anywhere
Since Xero takes care of the security, you will be able to work from anywhere, whether it is your office, home, or other location.
Xero gives you a clear real-time overview of your company’s financials. You will be able to have an up-to-date picture of your organisation anytime you choose.
Automated bank feeds
With the daily automated bank feed, you can automatically import your bank statements directly into Xero. This saves you time from having to do the daily import manually.
“In some respects, Xero works in a pretty smart way and actively takes advantage of the fact that you are working online,” says Daniel James with Business IT. “We particularly like the way that when you enter a customer’s address, Xero uses the White Pages TotalCheck address service to confirm its validity and automatically parse it into separate fields such as street, state and postcode. If you’re a Skype user, Xero provides click-to-call when you need to phone or Skype a contact. This could be very useful if you use Skype a lot.”
Xero can be a great product for certain types of organisations. However, it does not offer inventory control and management.
It is also critical that data business analysis be done ahead of time for online set up to be done correctly. Not doing so can severely limit your analysis and reporting capabilities in the future.
Xero has many features a small to medium-sized organsation will need. A single unified ledger allows geographically dispersed organisations to work with the same set of books, which can be very beneficial.
Like most systems, Xero has a few challenges. If you are a company that needs inventory control and management, you might want to look elsewhere. Otherwise, Xero may be an excellent fit for your business and certainly worth a look.
Are you thinking of migrating to Xero?
We have experience helping organisations make the transition and can help you see the benefits of increased efficiency and improved productivity.