A few years ago, who would have thought you could be watching your kids play whilst keeping on top of your business’s finances? All from a phone in the palm of your hand? Or that you could be travelling – across town or across the world – and be able to login to your accounting software and see where your business stands at that precise moment in time?
It’s important to reflect on how technology plays a pivotal role in most small businesses and, for businesses using Xero, how you can take advantage of its capabilities to achieve your business goals.
If you’re a small business owner, here are five reasons you should use Xero to help you run your business.
Work where and when you want to
Whether you want to use your smartphone or tablet, or your PC or Mac, Xero lets you keep on top of your business finances wherever you are. Xero also works hard to ensure you – and anyone else who needs to access your finances – are working off the same data, wherever you are, whenever you want.
Improve cash flow and get paid faster
Every business needs to get paid, and Xero equips small businesses with the tools you can use to get paid faster.
Go beyond “traditional” printed invoices and start using online invoices. Rather than send your customers a PDF file – or, worse, a printed document – you can send them an online invoice. The advantages? Not only is it faster, you can also see whether they’ve opened it, and they have the ability to pay you online through your invoice. The faster the process, the faster you get paid.
Let Xero do the heavy lifting while you sleep
Smart software should be easy to use and work behind the scenes to help you save time. Let Xero perform those tedious, repetitive tasks that take you away from doing the things that can add more value to your business.
If you use invoicing, then Xero’s automated invoice reminders can do the chasing for you. If your customers take a while to pay you, or you are spending hours chasing overdue invoices, then Invoice Reminders is a must-have. It will automatically send an email to your customers if an invoice is overdue (or about to become due).
Collaborate with your advisors
Think of it as the single set of data that both you and your accountant can work from. This means you’re both seeing the same set of data at the same time.
This saves you from having to export data and send it to your accountant – as soon as you sent it, it’s likely out of date.
What’s more, you’re free to invite your accountants into your file at no additional cost – we make it easier than ever to collaborate with those who matter.
Xero grows with you
Whether you’re just setting up your business, or you already use multiple systems, Xero’s ecosystem can help you. Xero works with more than 500 products so you can craft a solution that meets your needs.
Whether it’s integrating with your email (Xero integrates with Gmail and Office 365) or you want to use specialized systems – such as customer relationship management, inventory or industry-specific solutions (such as Vend or Shopify), then Xero’s add-on marketplace gives you the flexibility to create a mix that meets your business’s specific needs.
As the owner of SIFAR I insist that all the staff are Certified Advisors, so we can help you with any problems you might come across, plus due to Xero’s professional development program we continue to keep fully up to date with all the latest features and add-ons.
If you are interested in how Xero can help your bookkeeping or if you really want to transform your finance function, sign up to one of our tailor made Virtual Finance Hub solutions which includes Xero.