Have you ever discovered a tool in your business that makes you smile every time you use it?
Something that saves you so much time and stress that you don’t know what you would ever do without it?
Xero is that tool for us here at Admin Army.
Yes, we are bookkeepers, so we need solid accounting software to streamline our processes and keep everything in order. But Xero is so much more than that.
It is a fantastic tool for business of all shapes and sizes. So, let’s take a more in-depth look at the reasons why it should be the accounting software you use in your business.
Why We Love Xero, And You Should Too…
It Simplifies Your Processes
Xero has been designed with small and medium businesses in mind. So, it has a whole heap of features that will make your business finances easier.
With a couple of clicks, you can check your financial position for the month or year. You can submit your GST return to IRD in 2 minutes, as well as your payroll records (if you use their payroll system), and ensure your business does not owe money to suppliers.
With your obligations covered off, you can also streamline your day to day financial tasks. Create simple coding rules so that your income and expenses are allocated correctly, set up repeating invoice templates for regular transactions, then upload your receipts and bills by email or data share.
All of these little simplifications can end up saving you hours of time every month!
Customise Your Experience
Did you know that your Xero Dashboard is fully customisable? That means you can show the parts that you want to see and hide the bits that you don’t need.
By doing this, you can get a snapshot of how your business is performing throughout the month. See what is outstanding in terms of income and expenses, look at your account balances, along with quotes and expense claims.
Your Xero, your way.
Access It On The Go
Xero is a complete cloud-based system that you can access from any computer with a data or WiFi connection. It also has a handy app so that you can quote and send invoices on the go.
Whether you are on a job site, out for a meeting, or in your dedicated workspace, you can access all of your financial records in one place. Because of this, there is no panicking about leaving files behind, or not having the info you need when you are away from the office.
Easy For Your Bookkeeper And Accountant
One of the great things about Xero is that you can grant access to your bookkeeper and accountant. No more messy shoeboxes full of receipts to hand over, or maintaining handwritten cash books. Just simple, streamlined information.
By sharing access, you can all see the real-time records of your business. At a glance, everyone knows where things are at. There is little risk of missing overdue bills or outstanding payments from clients.
It also makes it easier for your bookkeeper and accountant to prepare the information to keep your business financially healthy. Taxes and GST are a breeze with no need to hand-fill forms or punch numbers into a calculator. You can easily track financial trends to see when your high season is and when your low periods occur. This can really help with budgeting and cash flow.
Integrations
Because Xero has been built by experts who understand business, they know that you need more than one tool to run a successful enterprise. So, Xero easily integrates with the other tools you need on a daily basis – Stripe, Paypal, Vend, Shopify, WooCommerce, GSuite, and a whole bunch of CRMs are easily connected.
You can also get great add-ons that simply your processes even further. We are particularly fond of Receipt Stash which removes the need for manual data entry of your receipts. It draws out the relevant information from your receipts and loads it into Xero in seconds. Handy!
But there are so many other add-ons and integrations you can utilise depending on the specifics you need for your business.
These are just some of the reasons why we love Xero here at Admin Army. It is a fantastic tool for business and bookkeepers alike.
However, not everyone has the time to learn how to use it intricately. So, if you are looking for Xero Masters to streamline your business finances, get in touch with us. We are happy to help you with your bookkeeping tasks.
Still happy to take care of your own bookkeeping?