Xero is a cloud-based accounting software developed for small and medium scale businesses. The software is predicated on the software as a service (SaaS) premise, and help businesses transform some of the most complex financial structures into a smooth and enjoyable journey.
Xero is a top financial collaboration software that is designed to meet the requirements of small and medium scale businesses, regardless of the industry they belong to. Like other popular accounting apps such as QuickBooks, Xero users do not need any prior accounting knowledge to be able to use the software.
Xero partners with several third party apps and accounting systems to provide you with the ability to extend the functionality of the software to other aspects of your business.
The easy to use Xero online software makes it very easy and reliable for customers to pay you. You can choose from several beautiful and customizable templates, set up automatic reminders, as well as select from several online payment options. You can also customize the look of your invoice using beautiful templates available to you. Users can add and edit a branding theme, attach their payment terms, or simply import their company logo, and they're good to go. Xero can also help you send automated invoice reminders for you. You only need to provide the software with when and how often the reminders need to be sent out.
The multicurrency feature allows you to do business all over the world with multicurrency accounting. The software allows users automatically track gains and losses from over 160 currencies. The easy to use multicurrency accounting software also allows you to get paid from countries around the globe. You are also able to add a default foreign currency to a specific contact so that all your bills and invoices for that contact will automatically default to that currency. Users are also able to view amounts they owe others in their own currency.
Xero offers account payable software that continually keeps you up to date. With this software, you can reduce the number of admin staff under you, by paying your bills on time online. You are also provided with a general overview of where your business spends money. With Xero, you can pay multiple bills in one transaction, by simply bundling the bills together, and scheduling the payment. The software also provides you with a purchase dashboard which gives you a total and complete view of your bills and purchase orders. You are better able to manage your cash flow with charts and graphs that show you what bills need to be paid.
Xero offers you three pricing plans to choose from - Starter, Standard, and Premium. The Starter plan costs $20/month, and you can Send 5 Invoice and Quotes, Enter 5 Bills, and Reconcile 20 Bank Transactions on it. The Standard plan which costs $30/month features the ability to Send and Receive Unlimited Invoices and Quotes, Enter any Number of Bills, and Reconcile Bank Transactions. Lastly, the Premium plan costs$40/month and Can Handle Multiple Currencies, as well as all the other features on the Standard plan. All of the plans have amazing features such as 24/7 Support, Secure SSL Encryption, and many more.
On Xero, the easiest way to set the credit card is; as a bank account with an automatic bank feed, and then reconcile the transactions as you would do for an ordinary bank account.
No, you do not need any training to be able to use Xero.
As a Xero user, you will need to remove the duplicated transaction by yourself.
To delete duplicated transactions, you need to first reconcile all the other transactions and leave the duplicated transactions in the software unreconciled.
Yes, you can change the email address associated with your Xero account.
To change the email address associated with your Xero account, simply launch Xero, click on your name at the top right corner of the screen, then click the Account option> Edit Link next to your email address, then enter the new email address. Confirm the address by typing your password, then select Change Email.
To reconcile a payment for multiple invoices, simply locate the reconciliation screen, find and click the Locate and Match link, select the invoices that you want to add partial payments to, then select Reconcile.
You can transfer between bank accounts in the reconciliation screen directly. The reconciliation screen will provide you with options such as Match, Create, Transfer and Comment buttons. When reconciling a transfer with a Source account, click on the Transfer tab, then select the account that the transfer is going to, and then click OK.