Inventory management – Users can keep track of their inventory, especially items that are the most profitable.
Other features include sending invoices in bulk, setting up repeating invoices, and creating and sending invoices from a mobile device. Users also have the option of adding “Pay Now” instructions for clients to pay online. It also automatically sends payment reminders based on the frequency of reminders the user sets. Invoicing – Xero includes an invoice template library that users can customize to fit their brand. The software automatically imports transactions each day and includes coding suggestions to ensure the transactions between Xero and the bank account match successfully. They also get an overview of outstanding expenses and can assign billable expenses to the relevant client.īank reconciliation – Xero connects with many financial institutions so users won’t need to manually enter their transactions. The dashboard also provide tools so users can follow up on outstanding invoices.Īccounts payable (AP) – Small business owners can efficiently pay their bills by scheduling batch payments. We’ve highlighted some of Xero’s key features:Īccounting dashboard – There’s a customizable dashboard that shows cash flow from all bank and credit card accounts in one place. Finally, full-service payroll and tax filings are available in all 50 states. Payroll data syncs with Xero for faster reconciliation, so users won’t need to manually re-enter data. Users are able to run unlimited payroll via an intuitive interface. Xero offers an optional full-service payroll solution via its partnership with Gusto. All pricing plans support unlimited users.Robust security, including multiple layers of data security and two-factor authentication.Accessibility for client’s accountant or bookkeeper.Xero also offers features that help businesses get paid faster, like quick bank reconciliation and online invoicing. Users have access to their cash flow in real time from any device so they can work on the go. Xero is a cloud-based accounting software for small business owners to manage their financials more efficiently.
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