All business owners have an obligation to keep good financial records – in the first instance for their performance measurement and also to meet their compliance obligations. Here are the key aspects and benefits of using Xero in your business.
Xero is a cloud-based accounting software that offers a range of benefits for small businesses, including:
- Easy collaboration: Xero allows multiple users to access and work on financial data simultaneously, making it easy for business owners to share information with their accountants, bookkeepers, and other team members.
- Automatic bank feeds: Xero can automatically import transactions from a business’s bank account, making it easy to keep track of income and expenses.
- Tax compliance: Xero has built-in tools that help small businesses stay compliant with tax laws, such as the ability to create and file invoices, and generate reports for GST and other taxes.
- Accessible from anywhere: Xero is cloud-based, so it can be accessed from any device with an internet connection, making it easy for business owners to manage their finances while on the go.
- Integration with other apps: Xero can integrate with a wide range of other business apps, such as point-of-sale systems, inventory management tools, and payment processors, staff rostering, job management to name a few. All of which can help streamline a small business’s operations.
At Infuse, we’re Xero gold partners and have assisted many of our clients to implement Xero for maximum impact/benefit in their business. Please contact us to find out how working with us will have a positive impact upon your business.