Ever wished you could magically create more hours in your day? With Xero – Bookkeeping Software you can.
The good news is with Xero you can get things done quicker than traditional accounting software and voila, more time for other stuff!
Here are just a few of Xero’s awesome features that cuts down your time spent on “doing the books”:
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Bank feeds directly into your Xero file
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Automatically allocate transactions
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Instant bank reconciliations
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Payroll in less than 2 minutes!
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“One file” feature (i.e. only the greatest feature in my opinion!)
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Your business at a glance from any device with internet access
Bank Feeds
Xero connects with most banks to receive daily feeds directly into your Xero file. This means you only code the transaction to the correct account (i.e. what it was spent on) instead of “inputting” them like with traditional accounting software. This could save you half an hour a day (depending on the size of your business).
Automate Allocation of Transactions
Did you know that you can automate the allocation of transactions to the correct accounts using Xero’s bank rule functionality?
You can set up almost any transaction to be automatically allocated to the appropriate account. It doesn’t matter if your monthly transactions are fixed amounts or changes from month to month, Xero’s clever “allocation” rules can cater for both.
Instant Bank Reconciliations
Because transactions are already in your file, once you’ve made sure the account it’s coded to is correct, you click the big OK button and reconciliation done!
Payroll in less than 2 Minutes
Payroll with Xero is as easy as 1-2-3!
Once your payroll is set up in Xero, it’s 6 clicks to have your pay-run done and dusted. All that remains is logging in to internet banking and paying the employees. Fancy another spare half an hour per week?
[More about payroll in the next blog]
“One File” Feature
Who hasn’t spent hours on the phone with their accountant trying to figure out which accounting file was the last file worked on?
Goodbye file fury, hello “only” file!
Because Xero is in the cloud, this file is the only file that you and your accountant will ever work on and its always the latest version of your financial information.
It is also accessible by more than 1 person at a time, so you and your accountant can look at the same information on-screen while discussing things!
Your business at a glance
See what's in the bank, create invoices, upload receipts – all from your mobile phone.
Xero’s mobile app lets you see crucial information about your business, on the run – you don’t have to sit at your desk to know what’s going on! Great, isn’t it?
Final word
From personal experience, Xero could save you on average around 3 hours per week – this is based on a business with a $2.3 million annual turnover.
And, this is just a few of the features. There are so many more Xero has to offer that can save you time so you can focus on growing your business rather than running it.
What could you do with an extra 3 hours per week?
Speak to your accountant about Xero or contact Agility Bookkeeping Services to discuss how Xero can improve your day.
Click here to sign up for a free 30 day trial – no obligation!
