Xero - is accounting software right for me?

5 years, 8 months ago by Oliver Atkinson

Xero - is accounting software right for me?

Online Accounting Review – Xero

Xero was established in 2006 in New Zealand and has just passed one million worldwide subscribers. It is a cloud-based accounting system designed for small business users while also providing all the tools necessary for their accountants and business advisors.

Accessibility

Due to its web-based nature, Xero can be accessed from any online device and has Android and iOS apps. There are three service plans available with all plans allowing unlimited users with differing levels of permissions.

Features

Bank transactions can be automatically imported via a bank feed directly from the businesses’ online banking while online payment of bills helps spending to be tracked and improves relationships with vendors and customers. Businesses can view cash flows, account details and transactions while out and about.

Personal expenses for business owners and staff can also be uploaded via the Xero app while graphs and charts show key information such as invoices due, payable bills, historical bank balances and profit & loss over a period of time.

Add-Ons

There are over 500 time-saving apps that connect with Xero via the app marketplace to customise the program to suit particular needs. These cover the following functions:

Inventory
Payments·
Customer Relationship Management
Time Tracking
Invoicing & Jobs
Point of Sale
Payroll & HR
eCommerce
Reporting
Bills & Expenses
Conversions
Debtor Tracking
Documents
Financial Services
Practice Manager

Summary

Atkinsons Chartered Accountants are a Xero Gold Champion Partner and promote its use with its clients. Its main benefit is the ease of use for the small business owner while also providing the full range of accounting features. The additional 500 integrated apps mean the software is customisable for the vast majority of small business needs.