Use Xero to Simplify Your Daily Accounting Tasks
A centralised platform to connect and manage your accounting data, invoices, reports, and transactions.
What is Xero?
Xero is an accounting software that simplifies business operations with smart tools for budgeting and financial management. It syncs, stores, and analyses financial data from connected business apps, giving accountants and bookkeepers access to accurate and real-time records.
Key Features
Payment and Invoice Manager
Xero lets accountants create invoices with secure payment links and supports automated bill tracking, reconciliation, and due date reminders. With Hubdoc, users can capture billing info from uploads or photos to draft bills and quotes efficiently.
One-page Dashboard
The Xero dashboard can be customised to display all key financial information on one page, like invoice status, account balances, and cash flow. It also provides visual presentations of data, like graphs and charts, to help users monitor accounts payable and receivable.
Seamless Data Storage
Xero can store financial records through manual uploads or Hubdoc, a tool that extracts financial data from bills and receipt images. Hubdoc directly transfers the data into Xero’s secure online storage, allowing users to access updated records for financial obligations.
Multi-currency Supportive
Xero supports global transactions with an automatic currency converter that complies with international accounting standards. It also provides insights on current exchange rates and how they affect real-time cash flow and profit.
Bank Management and Financial Reporting
Xero keeps accurate accounting records through manual and automated bank reconciliation. It supports various file formats, like CSV and OFX, and implements multiple layers of security to guard financial data.
Multiple App Integration
Xero’s app store has a wide selection of integrations to assist businesses with day-to-day tasks, like invoicing, payroll, and inventory management. Data from connected apps automatically syncs with Xero, reducing the need for manual data entry.
Payroll Management
Xero can function as a payroll system for essential payroll duties, such as salary computations, filing payroll data, and distributing payslips to employees. Businesses can access, organise, and reconcile pay statements in Xero’s secure cloud.
Xero Mobile App
Xero’s accounting app allows businesses to manage their finances on the go. Using the app, users can send invoices, review accounts payable, and reconcile financial transactions to maintain accurate accounting records.
Accounting and Bookkeeping
Xero offers Cashbook, Ledger, and Workpapers to help accountants manage reconciliation, assets, budgeting, and compliance tasks efficiently. Practice Manager and Xero HQ support workflow tracking, customizable reports, and client data collection.
Xero for Your Business Operations
Data Safety and Availability
Xero keeps business data secure and accessible by encrypting information and storing it online. It uses Multi-Factor Authentication (MFA) with push notifications via the Xero Verify app to protect accounts from unauthorised access. If a user changes or loses their device, Xero provides identity verification steps to help them regain access, preventing disruptions and reporting issues caused by account lockouts.
Workflow Accessibility
Xero is accessible from any online device, and businesses can access and manage their accounting tasks remotely. Accountants can securely review real-time financial data while on the go, ensuring timely decision-making without being tied to the office.
Smooth Functionality
Xero features an intuitive, beginner-friendly interface that streamlines accounting tasks for business owners, accountants, and sole traders. Built-in support resources ensure users can navigate the platform with ease and confidence.
Streamline Accounting Tasks
Try Xero’s 1-month free trial to find what your business needs.
