Why Businesses Should Invest in Xero Accounting Software

10 Apr

Why Businesses Should Invest in Xero Accounting Software

Xero is a cloud-based accounting software system that has earned enough popularity over the past few years. Majorly, small and medium-sized businesses prefer this software as its service plans and features accommodate their different needs. Not only the software helps businesses remain organized but also let them carry out standard bookkeeping and other accounting functions.

Let’s have a look at some benefits businesses can have from Xero accounting software.

Currency Conversion

If you’re planning to enter into the global market and looking for an easy currency conversion system, Xero is what you need. It features a built-in automated converter that helps you convert almost any currency. For example, if you’re entering a bill in US dollars, it would automatically convert it into Indian rupees for Indian customers.

User-Friendly

A lot of businesses invest in Xero for the reason that it is quite user-friendly. People can easily use it even if they don’t have an in-depth knowledge of accounting. First-time users can also easily follow its terminology. Xero comes with plenty of options to upload files and documentation for easy transactions.

Easy Pricing System

Xero has pricing plans to suit your budget and needs. In comparison to other accounting software available in the market, it gives better flexibility in terms of pricing. The pricing structure includes Early, Growing and Established plans.

Early

The plan costs you $4.50 per month. The features you get in this plan include:

Capture bills and receipts with Hubdoc
You can send 20 invoices and quotes
Enter five invoices
20 Reconcile bank transaction.

Growing

You will need to pay $30/mo for the following features.

Unlimited invoices
Unlimited bill entry
Payroll for five people
All bank transactions reconciled

Established

Established plan costs $60 for a month.

Invoices included
Bills included
Reconcile all transactions
Payroll for up to ten people
Supports Multi-currency

Note: Prices are subject to change.

Automated Bank Feeds

Automated bank feed option lets your import bank statement automatically into your Xero system. It surely saves a lot of time and frustration of importing statements manually.

Accessibility

Since Xero is cloud-based software, you can access it from any device with an internet. It is an excellent option for businesses who have remote staff. The accounting software allows users to view their transaction and account information from anywhere in the world. It gives you and your staff liberty to work from anywhere with no extra charges.

Easy Integration

Quick and easy integration is another feature making Xero an ideal choice for small and medium-sized businesses. While Xero is excellent on its own as a program, you can integrate it with CRM and other programs. Xero supports a lot of add on software that helps you run your business efficiently.

When switching to Xero, make sure you choose the certified partners only who can help you seamlessly make the switch. With Xero certified partners, you can rest assured that onboarding journey will be quick and smooth.