With more businesses moving online, their day to day accounting is also managed online. There are many cloud accounting software such as Pegasus, Kashflow, Netsuite and Xero. Xero has a wide range of features that make accounting that little bit easier even those who have a strong dislike for accounting. It’s Great!
You’ll need facts to back up our sweeping statements! Let’s dig a little deeper to explore why Xero’s features are so great.
There is always a client who never pay on time and that can be very stressful and annoying. Cash is king but it’s difficult and slightly awkward to chase clients for payment. But no more! Xero has a clever little feature to help you with those clients. With a touch of a button, or via automated scheduling you can issue payment request emails to your clients if they haven’t paid on time. This feature is much loved by users and gives your clients that little nudge that they need, whilst seeming to automate the process.
A Clear Picture
Xero offers a bank reconciliation feature that makes it a bit difficult to live without once you’ve started to use it. It compares your Xero balance to your bank balance and highlights elements to reconcile. In doing this, it is quick and easy to see what you owe, what you are owed and what you have in the bank. Another invaluable feature for tracking your business’ finances.
Your bank, your rules
Xero gives you the flexibility to establish your own rules for frequent transactions. these could be bank fees, interest or even hire purchase payments, meaning they will be reconciled to the same account. This helps to keep you on top of your cash, providing precise data and less time wasted in reconciling,
Up in the cloud
Another favourite element is the Xero is in the Cloud. Because it is cloud based you can access Xero where ever and whenever you need to.