Why use Xero to Manage your Ltd Company?
Who would have imagined a few years ago that you could watch your children participate in sports while managing the finances of your company? All of this from a phone in your hand? Or that you could log into your accounting software while on the go, whether it be across town or throughout the world, to see how your company is doing right now?
As National Small Business Week draws to a close, it’s critical to consider how technology affects most small businesses and, for those using Xero, how you may leverage its features to further your company’s objectives.
If you’re a small company owner, here are five reasons you should use Xero to help you operate your firm.
1.Work whenever and wherever you want to.
Xero enables you to manage your company’s finances from anywhere, whether you choose to use a PC, Mac, iPad, or smartphone. Additionally, Xero works hard to ensure that you and anybody else you wish to view your money may do so anytime, anywhere, using the same data.
2. Boost cash flow and expedite payment
Every business needs timely cash inflows, and Xero provides solutions that small businesses can utilise to get paid more quickly. Start using online invoicing instead of “conventional” printed bills. You can send your clients an online invoice rather than a PDF file or, worse, a physical copy. The benefits? Not only is it quicker, but you can also check to see whether they’ve opened it, and they can pay you online by accessing your invoice. The faster the process is, the quicker you receive payment
3. While you sleep, let Xero handle the heavy lifting.
Smart software should be simple to use and operate in the background to save you time. Allow Xero to handle those time-consuming, repetitive tasks so you can focus on the things that will help your business grow.
The automated Invoice Reminders from Xero can take care of the chasing if you use invoicing. Invoice Reminders is a must-have if your clients are slow to pay you or if you are wasting hours looking for unpaid invoices. If an invoice is past it’s due date ,or about to become overdue, Xero will automatically send a reminder email to your clients .
Additionally, Find & Recode could help advisors save hours of work. Finding your way through a client’s records and updating those records all at once is simpler than before. Updating hundreds of records? You will save hundreds of minutes by using Find & Recode.
4. Work with your consultants.
Consider it the single collection of data that you and your adviser may use to make decisions. We refer to it as the Single Ledger. This indicates that you are both simultaneously viewing the same collection of data.
This spares you from having to export data and send it to your advisor, where it would likely be outdated as soon as you submitted it. Additionally, it spares you as a consultant the hassle of importing the data into another solution, which not only means you could not be working off the most recent information but also that any issues in a client’s business may not be identified for months because it’s frequently difficult to do.
Additionally, there is no charge for inviting your advisors to view your file; we make it simpler than ever to work with people who matter.
5. Xero expands as you do
The ecosystem of Xero might be useful to you whether you are just starting your business or are already using several systems. You may create a solution that suits your needs with Xero, which integrates with more than 500 products.
Whether you want to use specialised systems, such as customer relationship management, inventory, or industry-specific solutions (such as Vend or Shopify), Xero’s add-on marketplace gives you the flexibility to build a mix that suits your business’s unique needs. Xero integrates with Gmail and Office 365 too.
