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!
Cloud Accounting with Xero and QBO (QuickBooks Online)
If you have been struggling with balance in your business then maybe cloud accounting software is right for you.
Using accounting software should not be a dreaded chore. In the past it has not been uncommon to find yourself frustrated and dealing with a tedious issue within your accounting software. With cloud accounting software it is far less hassle and a lot easier to use. Your business runs faster, and your days go a lot smoother too.
This is software that is meant to simplify your life while amplifying your business. When you work with the cloud it is offering you a more comprehensive view of all of your finances. Cloud accounting software offers you a better understanding of where you are at financially, as well as what is working and what isn’t. Ultimately, it offers you far better communications with the rest of your team.
The crazy thing is that though small business seems to have been the ones needing comprehensive cloud software the most, it was unavailable. Not anymore. Xero and QuickBooks Online work wonderfully for small businesses.
Please note that QuickBooks online is not the same as QuickBooks Desktop.
Cloud accounting software is not like the desktop programs that literally sucked your energy and time from the workday. Cloud accounting software makes it all far more effortless saving not only frustration, but also saving you money and time.
Take internet banking for an example; each time that you remotely connect to the data you are in fact using a cloud. It is so simple you do not even think about it, and it is so dependable that you know at the click of the button the information you are looking for or commend you need to execute will be done. Then you move on about your day. All of the complication is removed and you have peace of mind. That is much the same concept as QBO and Xero. Hassle free peace of mind that is what you have with the cloud.
Security, Security, Security!
You do not have to worry about your information being compromised. The security within the cloud is top notch. Your data is safely stored, and there are layers of security in place protecting it. Unless someone has your log in information this information is 100% safe. Nothing is stored on your hard drive, so it is impossible to access your date for someone without the information to do so.
If there is a fire or some natural disaster all won’t be lost as it would being stored on your desk top. There is no downtime. All of your information will be neatly and accurately stored in the cloud for the next time you need to access it from your mobile device or computer. All you need is an internet connection and you are good to go.
Another nice feature is that you can control what other users see. Once you approve another user you get to set the privacy levels. That is added peace of mind for many small business owners who would not otherwise be able to allow access to the accounting platforms. Now these owners can get the help they need with accounting so that they can attend to the things that make their days more productive.
This software offers you flexibility, and it is always in real time. Updates are done a lot faster, and you are able to do more remotely hence freeing up your time.
Both Xero and QBO are great for small businesses. Both have several different size and feature variations so that you can customize your cloud accounting to your business’s needs. Both are relatively inexpensive and very dependable.
Your business can work faster and smarter with the utilization of cloud accounting software. When everything is considered it is an investment that just makes sense.