I recently had the pleasure of learning all about Xero from the lovely Jennifar Hathaway from JLH Bookkeeping. I had heard a lot of good things about Xero, and was keen to find out more about it, and whether or not it would be right for my business.
I was blown away by Jen’s presentation, Xero seemed to have so many benefits. Here I’ve picked the top 5 benefits of Xero:
1. Automated daily bank feeds
You can set up a bank feed to automatically import bank statements into Xero. This saves you having to manually import them yourself.
2. Available anytime you’re online, from anywhere
Because it is in the cloud, you can work where you want, when you want, and have as many users as you like for not extra cost!
I currently use an Excel spreadsheet to track all my incomings and expenses, and then create invoices in a Word document. This is quite a clunky way of doing it, and as my business grows, it will be even harder to ensure errors are not made. With Xero, invoicing is not only customised to your business, it is fast and simple. At just a few clicks you can create an invoice for a client and email it to them, you can even see when they open it, so now more “I never received the invoice” excuses!
4. No installation or IT maintenance
As Xero is in the cloud, you don’t have to install software onto your PC, or have enough licenses for every user. You simply set up your username and password, and you are ready to go! This means you can be adding information which can also be accessed by your bookkeeper or accountant from their PC.
5. Dashboard gives a clear financial overview
The dashboard allows you to easily see how much money is coming in and going out.
There are so many more benefits that I could mention, but if I can just mention one more, they give you a FREE trial, so you really have nothing to lose!
What is your worst accounting nightmare?
Sam McFarlane recently set up Sam Says, a Virtual Assistant business assisting other work at home mums and small businesses with administrative, marketing, events coordination and social media tasks. Sam Says also does the Marketing and some guest blogs for Motivating Mum.
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