So, what makes Xero different from all the other accounting software out there?
Xero has been around since 2006 but has only really taken off in the last few years. Originally based in New Zealand, they have now crossed over to the UK market and are the leading cloud-based accounting system for small and medium sized businesses.
So, what makes Xero different from all the other accounting software providers out there?
From an accounting point of view, Xero is very much based around you as a business owner rather than your accountant. This means that things that are important to you as a business owner are much simpler to do and more visible than on a traditional accounting system. For example, raising quotes and sales invoices, registering a supplier's invoice, checking your bank balance or claiming expenses all of which can be done on a smartphone. They also utilise bank feeds with some clever rules behind them to match up receipts and payments with very little work from you, again, a thorn in the side of many small business owners with an added bonus that once your invoices are in you can submit your quarterly VAT return with a single click.
However, the real power behind Xero is it's ability to tap into the 800+ apps in the marketplace enabling you as a business owner to streamline your business and automate great chunks of the boring stuff. This means that something that might have taken you a day a week in the past now takes 10 minutes. Whether you are selling professional services, in retail, selling online or in the leisure industry, there will almost certainly be an app out there for you to make life easier and that's in addition to all the more generic apps around CRM, marketing, sales, reporting, cash flow management, credit control, supplier payments, customer receipts etc. You get the picture...
Click on the link below and see what Xero have to say for themselves on the key functionalities provided.