Xero was first launched in New Zealand in 2006 by a New Zealand-based software company and became a trending buzz worldwide. Today, it holds its main offices in Australia, UK, and United States. Xero is a cloud-based accounting software designed specifically for small and medium size businesses (SMBs).

Xero is packed with every essential elements needed for your small business. It provides business owners with instant visibility of their financial position. With robust accounting features, small businesses can view their cash flows, transactions and account details from any location. Bank transactions are all automatically imported and coded. Online bill pay helps keep track of spending and stay on top of bills due, improving relationships with the vendors that provide critical business materials.

No installation or maintenance required

Xero is cloud-based. You will not have to install the software on the PC, you only need the username and password, and you are ready to start using the software. The dashboard will help you have a clear view of how much money is coming in and going out of your business.

Unlimited Users for Collaboration

Xero accepts multiple or even unlimited users in one Xero account. It’s even free of additional cost. You will not have to or worry about having enough licenses for every user in your office. This bolsters team collaboration if you want to share your books with your accountants, bookkeepers, or even your trusted financial advisor.

As the owner of the account, you’re the administrator who takes control of other users’ roles. You can assign different access permissions to specific users from read-only to full-system administration.

Accessibility

The software can be accessed from any device with an active internet connection. It is compatible with tablets, smartphones and most of the other mobile technologies. This means you can access your accounting information even while you are traveling. The software provides a daily view of the total cash amount within the business.

Automatically import your bank statements

You can set up a bank feed so that the software will automatically import your bank statements into it. You will not have to import the statements manually due to this. It lets you work from anywhere, anytime and include as many users as you want with no extra cost. You can manage cash flow more effectively and set up payments to go out of your bank account on any given dates. You can set up your invoice, statements and remittances to include you company logo, banners etc.

Invoicing is fast and simple

Invoicing is customized to your business so that you can create an invoice and email it to your customer with just a few clicks of the mouse. Attachments can also be emailed with the invoice. You can even see when the client opened the invoice. Suppliers can also email you their invoices and you can import them into Xero eliminating the keying process. Reports can be generated and emailed straight from Xero.

No worry about backing up your accounts

Everything is stored on the cloud. Updates are automatic so you won’t have to do anything. No need for those year-end reports and files to be generated and sent to your accountant as he simply logs onto Xero and gets all the reports and information he needs and can also make adjustments without effecting your daily work load.

To learn more about Xero, please click the below link:-

https://tv.xero.com/detail/videos/featured/video/5127833256001/intro-to-xero:-small-business-accounting-software?autoStart=true

For more information, please contact Ms. Amie Cheung at amie@beas.com.hk