• Mar 19, 2021
  • News and Updates

Xero – The Benefits of Cloud Accounting

In this digital age, technology software has replaced the leather-bound ledgers of the past, saving time and giving better insight control for business.

Xero – is a cloud-based accounting software platform that is simple yet effective way to manage all your finances in the cloud. By using it as your main finance system, you get to control all aspects of running your business, from bookkeeping through online invoicing, live bank feeds, and comprehensive financial reporting.

Now, why do you need to switch to Xero and start using this cloud-based accounting software?

1. Better cash flow and getting paid faster

  • Xero is equipped for small business with tools you can use to get paid faster. You can now ditch the traditional printing of invoices and start using online invoices. Rather than sending your customers a PDF file or a printed document of their invoice, you can send them an online invoice. It is faster and you’ll also be able to see if they’ve opened it. With this, it’s a faster process hence a faster way to get paid.

2. Alleviate the heavy and tedious tasks

  • Xero is a smart software and is very easy to use. With this cloud-based accounting software, Xero’s automated Invoice Reminders can do the chasing for you. If customers take too long to pay you or if you are spending too much time from chasing overdue invoices, then the Invoice Reminders is great for your business. On the other hand, if you’re an advisor, then Find & Recode could help you save more time. You can now find a client’s records for updates the easiest way.

3. Accessible

  • With Xero as your cloud platform, you can now check your numbers 24/7, anytime of the day and where ever you are. You can access your numbers online from any device – PC, Mac, smart phones or tablets, Xero lets you keep on top of your business finances.

4. Work Together with your Advisors

  • Xero also has a feature called Single Ledger – single set of data that you and your advisor can see at the same time. This will save you time from exporting data and sending it to your advisor. It’s easy to use, free, and more convenient for both parties.

5. Organized and Spotless environment

  • With secure storage of your documents in the cloud, it is easy to achieve an organized and clean office environment or a clean and spotless desk. You don’t have to deal with tons of paper works since everything is safely stored in your cloud.

If you want to use this software for your business but want to know more about it, come and talk to us! We are Xero Gold Partners and been using XERO since 2012! You can reach us at 44 (0) 1892 807 001 or email us at accounts@nayloraccountancy.com.