Xero: 7 Key Features That Will Change the Way You Do Business

Tagged as the beautiful accounting software, Xero’s sleek interface and impressive set of features will make you agree that it is, in fact, a beautiful accounting software.

While accounting software aims to improve business operations in general, Xero’s taking it a step further: Xero offers small businesses the power of big business, and big business the nimble quality of small businesses, helping you navigate and use Xero to your advantage no matter what kind of business you’re in.

Let’s take a look at 7 of Xero’s features and see why Xero is featured by Macworld, Accounting Today, and Forbes, which the latter billed as the “World’s Most Innovative Growth Company” of 2014 and 2015:

  1. Unparalleled Dedication to Security

Rest assured, Xero accounting makes sure that your accounting data’s security comes first. Xero uses enterprise-grade hosting facilities secured by a combination of biometrics and onsite security guards 24/7. External access to servers is guarded by multiple layers of firewalls and intrusion protection system which are constantly reviewed by external specialists.

Your accounting data is safely stored in the cloud and backed up in multiple locations, making sure that your accounting data is safe and secure no matter the situation.

  1. Lightning-quick Financial Reports

Xero allows you to prepare any financial report with a single click: from profit and loss to foreign currency gains and losses. With over 40 basic and advanced financial reports you can fully customize to your own liking, you can get the financial report whenever you want, wherever you want, however you want it.

Xero also boasts report snapshots that allow you to track financial information changes. Reports can be exported to Microsoft Excel or Google Docs while keeping the formatting and formulas intact, giving you the flexibility you need.

  1. Holistic Analysis of Business Performance

Xero processes every financial data you input and provides intuitive and elegant visual metrics that lets you weigh your business’s performance against the standard financial ratios which include gross profit and debt to equity among others. This way, you get a general view of how your business is doing. All in one go.

  1.  Constant Tracking of Fixed Assets

With Xero, you can record your fixed assets expenses directly, allowing you easy management of your fixed assets, completely track its costs and access to up-to-date information.

On set up, your fixed asset’s depreciation can be tracked fast and easy. Xero offers a range of depreciation options and easy updates to your accounts whenever your fixed asset is sold, disposed of, or when you purchase a new one. Purchases are tracked automatically, and Xero’s easy update features allow you to make changes to your fixed asset’s details automatically, be it warranty information or serial number.

  1. Real-time Monitoring Dashboard

Xero’s real-time monitoring dashboard lets you view the contact details of debtors with just one click. Overdue invoices, bills, and account receivables are now safely a thing of the past.

Up-to-date data charts on the monitoring dashboard allow you to see where your money is going and where your money is coming from, giving you a better view of your business that leads to better decisions.

With the real-time monitoring dashboard, you can collaborate with your accountant or bookkeeper so you can better assess the accounts you value the most.

  1. Easy Online Accounting

 One of the great things about Xero is its online accounting feature that allows you to collaborate with your team remotely while controlling your member’s level of access, ensuring your confidentiality remains intact.

Xero automatically updates and upgrades so you don’t have to worry about upgrading again. It also relieves you of time from data entry chores with its efficient system, leaving you to work on business tasks that truly matter.

  1. Accounting on the go with Xero Mobile Apps

When it comes to business, time is true of the essence; and time management is not as easy as it sounds! That’s why Xero has mobile apps that allow you to send invoices immediately even before you get back to your office or while you’re on a break.

No more reason to worry about receipts as well. With Xero, all you have to do is snap a photo of your receipts, add it to Xero, and prepare expense claims all on your mobile. Everything fits perfectly in Xero.

After reading 7 of Xero’s features, it’s hard not to think about the problems Xero’s features will solve for your business. Time, security, and organization are just some of the issues Xero actively solves. If you want to know more about Xero and intend to use its features optimized for your business, don’t hesitate to contact us!

Contact us