Make Bookkeeping Simple with Xero

essentialsfinancetooltorial
03/03/2017 | by Mark Vega
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  • Monitoring your business transactions is critical
  • There are a number of bookkeeping solutions available to small business
  • Xero can help you stay on top of your business’s events and transactions
  • Keep your team on the same page with Xero

Few small business owners love bookkeeping even though, like that regular visit to the dentist’s office, its benefits outweigh the drudgery. Fortunately, accounting and bookkeeping programs have made it easier than ever to keep an eye on your business’s cash flow and track all of a business’s regular transactions. While none of these programs can be said to make bookkeeping fun, they do help make the process a little quicker and easier to bear for harried small business owners.

In this post, we’ll take a look at one of the software solutions your business can use to perform regular bookkeeping functions. Xero is a cloud-based service you can use to:

  • Automatically monitor bank and credit card accounts
  • Monitor and record business transactions automatically
  • Manage invoicing
  • Keep on top of your accounts payable
  • Process payroll

These are a few of the key bookkeeping tasks Xero lets small business owners perform. Xero also lets you access your accounts from anywhere, with convenient mobile and web applications. In short, it’s a complete bookkeeping and accounting solution that has been recognized with several industry awards.

In this post, we’d like to show you a few of the ways how Xero can help make bookkeeping and accounting a little easier for your business

Get real-time cash flow updates

All small business owners need to stay on top of how much cash they have. Doing so helps those small business owners to plan ahead and stay ahead of anticipated (and unanticipated) times when cash flow lags or is stagnant. Xero gives small business owners real-time cash flow updates. Talk about information you can use!

A dashboard for your business

Everyone loves the opening of Game of Thrones that allows viewers to fly over Westeros and get a comprehensive overview of the territories in HBO’s hit show. Well, Xero does something similar for your business. At a glance, Xero gives you quick access to bank balances, invoices, bills, and expenses.

Being able to see bank balances, invoices, bills and expenses at a glance gives you a clear picture of your finances.

Check your accounts, even if you’re on vacation

Sometimes even relaxing in the sun can get a little old. Let’s say you’re lounging at a pool on vacation and want to check on your accounts. Well, that smartphone next to your tropical drink isn’t just a phone. It’s also a portal to all of your accounts, thanks to Xero’s mobile apps.

Get everyone on the same page

Because any updates made to your business’s information are reflected immediately in Xero, all of the members of your team have access to the same information. This makes it easier to collaborate and communicate because you and your financial advisers are sharing a common set of information.

Convenience, comprehensiveness, and speed combine to make Xero a platform that even skeptical small business owners can embrace. We know bookkeeping and accounting aren’t fun but they’re two tasks that savvy small business owners must

Hide Summary
Show Summary
  • Monitoring your business transactions is critical
  • There are a number of bookkeeping solutions available to small business
  • Xero can help you stay on top of your business’s events and transactions
  • Keep your team on the same page with Xero