What is Xero?
Xero is a modern, small business accounting software that lives entirely “in the cloud”. It’s accessible from any computer or mobile device, making for a smarter, easier and all-around enjoyable accounting process.
This means that anywhere you have an internet connection you can log into your Xero file.
Conveniently, it also means your accountant can also access your files in real time without the need to physically send data back and forth.
Xero provides many of the same features as MYOB or Quickbooks, with one major difference:
Bank data feeds.
Xero has established partnerships with the most Australian banks and credit card providers, with a straight forward and secure setup process.
Once setup on Xero, your bank will forward transaction information to Xero on a daily basis enabling real time bank reconciliation and posting to accounts.
Quarterly and annual tax compliance work can be done efficiently and effectively with minimal input from you.
Features
- Online accounting
- Bank reconciliation
- Financial reporting
- Invoicing
- Payroll
- Expense claims
- Pay bills
- Inventory
- Free online support
- Multi-currency