Xero is a new kid on the block in small business accounting, and it is becoming a staple in the industry fast! Accounting is essential for small businesses, but the past user interfaces has been less than desirable not to mention boring!
Co-founder and lead designer at Xero, Philip Fierlinger, stated that “Accounting used to be this thing that you did retroactively, “In the past, at the end of the year, your financial adviser could tell you ‘Oh man, things really went sour six months ago; This hindsight is nearly useless, but When you can do something about it as it’s happening–that’s the really important thing.”
Xero has revved up the user interface to make it easier and les monotonous. This is a web based “cloud” design that also keeps your data much safer from thieves and in the event of a fire or other natural disaster. Xero offers real time results, so you are not left wondering where you stand financially.
The web based approach that Xero utilizes allows the users that you have selected to view the same numbers all in real time. This means a lot less hassle. You set the privacy filters, so others only see what you want them too. Collaboration is easier, and it frees you up for other things too! This has made accounting easier and far more covenant.
A huge plus is that all of the bank accounts are viewable in one place! Not only your bank accounts, but your credit card balances too! This may seem like a simple change, but to anyone who has ever worked with the old desktop software knows this is a huge benefit.
You can now take pictures of your receipts and file them as expenses immediately. Invoices are also now able to be sent straight away. This amazing cloud software is working with map integration, so it knows the clients address so you do not have to hunt that information down. It makes contacting those who owe you money a heck of a lot easier, and it helps to prevent people from giving you false contact information too.
Like Co-Founder of Xero, Fierlinger, says “it’s all about cash flow.”
Security is top notch with Xero. Testing has been done to make sure that you information is never compromised. Everything is safely stored to the cloud, and only people with your log in information can access it. Again, you adjust user’s settings according to what you want them to be able to see. So this is customizable to meet your needs as a business owner.
The dash board id amazing, the entire platform is so user friendly and the real time collaboration beats Xero’s competitors hands down. Reporting is accurate, in real time and thorough. You simply cannot imagine the time this will save you to focus on aspects concerning your business.
Xero has also focused on being compatible with a number of different business software programs. You will not run into the compatibility issues that you have in the past with Xero, because it is user and program friendly. It is also leaning towards a more mobile friendly interface.
Trying Xero for your small business accounting needs just makes sense, and when you think about the affordability it is the best and only choice!
And here is one important detail. Xero and QBO are both improving daily, mostly because they both listen to the consumers and are working very hard to have you or gain you as a fan and a client. The competition is very healthy, but the clear winner is YOU!