Description

Stay on Top of Your Bills
With Xero, you can see all bills that are due for payment, get an overview of bills in draft, those that are waiting for approval to be released, or those that are ready to be paid. This way, you can avoid late fees and build good relationships with your suppliers. What’s more, you can save time on administration by scheduling upcoming payments and or pay your suppliers by batch. Once done, you can email bills and other documents to your files inbox in Xero for paperless record-keeping.

Easily Do Bank Reconciliations
Set up feeds from multiple banks and import up to 12 months of historical data when you connect Xero to your bank accounts. The daily bank feeds also lets you reconcile daily so the accounts provide an accurate up-to-date picture of your business finances. Moreover, your bank transactions are imported through a secure and encrypted connection between Xero and your bank.

Seamlessly Accept Payments Online
Xero enables you to add a “Pay Now” button to your invoices which allows your customers everywhere to easily pay you by card, direct debit, or other online payment methods. Xero also has cutting-edge security and protection from fraudulent activity because unlike PDFs, online invoices are hard to tamper with. Your data in Xero is also encrypted which keeps it safe from prying eyes.

Track Financials with Accurate Reporting
Track your finances with accurate accounting reports and collaborate with your advisor online in real-time. With Xero, you can view and share a range of reports whenever you need it, drill down into the details with interactive reports and measure specific KPIs, tailor the content and layout of your reports, and reuse customized report layouts. Lastly, you can compare, calculate, and quickly generate a detailed budget or import an existing one.

Calculate Sales Tax With Ease
Automatically calculate sales tax on transactions, and use reports to prepare sales tax returns. You also have the ability to add or amend the default tax rates, set up as many tax rates and components as required, and alter the tax rate on any line item if needed. Preparation of Sales Tax Returns is also faster because you can get a summary of taxes by rate, component or account type, view an audit report to see the individual transactions, and generate sales tax figures using the cash or accrual basis.

Transact in Any Currency
Xero has the capability which allows you to pay and get paid in over 160 currencies, with up-to-date exchange rates and instant currency conversions. Its multi-currency feature allows you to send invoices, quotes and purchase orders, receive bills and payments, and reconcile foreign currency transactions. You can also get an overview of how fluctuations in exchange rates affect your cash flow and profit, as well as create some foreign currency reports in addition to reports in your local currency.

Manage Your Inventory without Hassle
As a powerful cloud-based accounting & inventory system, Xero empowers you to track up to 4,000 finished items through its inventory management system, look up the quantity of items on hand and available to sell, and see the total value of the stock on hand for any item. Not only that, you can also see the best- and the worst-selling items, the most profitable and least profitable lines, and use these data to make informed buying decisions. Moreover, you can create reusable text – like item descriptions and prices – to use in quotes, invoices, and purchase orders.

No More Manual Data Entry
Get copies of original documents and key data into Xero automatically without manual data entry using Hubdoc. You can just email, take a photo on your mobile, or scan your documents into Xero via Hubdoc. Hubdoc does the data entry by reading key information from bills and receipts and turning it into usable data. What’s more, with your data stored in one place, you can seamlessly match transactions with your bank feed so you have reconciled, up-to-date financials. Going paperless is also a piece of cake for all your bills and receipts are stored together online, organised by suppliers in folders and sub folders.