5 Reasons your business should use Xero

Many businesses waste lots of time, energy, and money on their bookkeeping when they can do all of it so easily on Xero accounting software. We use it in aperio because of its many benefits.

Xero is a cloud-based accounting software that is revolutionizing the way businesses do their accounts because it streamlines their accounting processes, saves time, and increases the efficiency of your business.

If you are not an accountant, you may find some of the bookkeeping work labour-intensive and tedious.

By using Xero accounting software, you will get to spend more time working on your business than in your business. It can save you admin time and make running your business easier.

#1 Automation

Xero automates many of the tedious tasks associated with accounting, such as invoicing, bank reconciliation, and payroll. This saves time and reduces the risk of errors. It also allows you to get a real-time view of where your company’s finances are no matter what time of the year it is. There is no need to wait for year-end so you know exactly where you stand because everything is automated once you enter the data into Xero.

It also means that your quotations can be more accurate because your information is live and up to date.

#2 Accessibility

Xero accounting software is cloud-based, so you can access your financial data from anywhere with an internet connection. This makes it easy to stay on top of your finances, even when you’re away from the office. It means you can work from anywhere in the world.

You can also access it from your laptop or mobile phone app to give you instant access to the information you need.

# 3. Security

Xero is highly secure, with multiple layers of encryption and authentication. This ensures that your financial data is safe and secure. 

# 4. Integration

Xero integrates with many popular apps and services, such as PayPal, Stripe, and Dext. This makes it easy to manage your finances across multiple platforms. It can integrate with over 800 apps and plugins. Because every business has different metrics they wish to measure, you can add your key metrics and apps on a customisable dashboard.

 

# 5. Cost-effectiveness

Xero is an affordable solution for businesses of all sizes. It offers a subscription, with no hidden fees or long-term contracts. Overall, Xero is a great tool for businesses looking to streamline their accounting processes and save time. It is secure, cost-effective, and easy to use. If you’re looking for an accounting solution, Xero is worth considering.

In a study carried out by Xero, they found that their customers in Ireland were being paid on average 15 days faster than those who were not using the software.

 

Talk to us to learn more about how Xero can support your business – we’re here to help.

 

Xero Accounting software makes banking easier

With Xero accounting software, you can connect to your bank and upload bank statements automatically directly from your AIB, Bank of Ireland, Revolut, or Wise bank account.

With this feature, you can match bank transactions to invoices or receipts and reconcile them with a click of a button.

You can also set up bank rules to automate some recurring transactions such as wage payments.

You can also mark transactions as overpayments or underpayments if you are being paid in two parts.

At aperio, here are some of the other key features we use regularly for our clients.

• AIB, Bank of Ireland, Revolut, Wise, Stripe, Transferwise and Paypal can be set up as direct feeds
• Offer clients more ways to pay through online credit card payments and Direct Debit options which link directly to Xero
• Multi-currency transactions with live exchange rate information
• Customise templates for invoices, statements and emails with your company logo and branding
• Clients can be sent automatic payment reminders of outstanding bills

.

Book A Free Consultation

Are you looking for professional help?

aperio is a Cork-based outsourced accounting and consulting company that can take care of all your company formation, bookkeeping, management accounting, financial compliance, and financial project work such as grant applications. Book a FREE Consultation today.