Initiative highly recommends the cloud based Xero Accounting system. With a extremely user friendly menu it is easy to navigate and is the ideal tool for small businesses who want to streamline their day to day accounting efficiencies. Here are just a few reasons why we’re so excited about Xero.
Automated daily bank feeds
Xero allows you to set up a regular bank feed from your bank accounts to automatically import bank statements. This feature is a great time saver as you no longer need to manually import your statements.
Accessible from anywhere you have internet connection
As it is ‘cloud based’, you can log into Xero from anywhere at any time. You can have as many users as you need, each with their own log in details to easily track their activities.
Simple Invoicing and Statement generation
Invoicing is both simple and fast. It is easily customised to your business and once you have your templates in place, it just takes a couple of clicks to despatch your invoices and statements directly to your customers via email. A transaction history for each item is available to assist in tracking what has been sent and when.
No installation or IT maintenance
The fact that this system is based in the cloud, there is no need to install software onto your computer. There is also no need to purchase a license for each user. It is as simple as creating a username and password which means external sources such as a book keeper or Accountant can access your account from their own location.
Easy to use Dashboard with a financial overview
The dashboard (or home page) displays your current financial position for outstanding invoices and incoming payments. With a simple click, you can go drill straight into the information for further detail. This can be used to monitor your creditors, debtors, gst etc.