- December 31st, 2019 -

Why Use Xero for Accounting?

a 3 min read

Tyler Virgin

Founder and CPA, MBA, CGMA

We are big fans of Xero.

Xero is beautiful accounting software that millions of people love using to run their small business. Xero is available all over the world and runs in the cloud. This means you can do your finances using any device with an internet connection – any time, anywhere on your Mac, PC, tablet or phone to get a real-time view of your cashflow. It’s small business accounting software that’s simple, smart and occasionally magical.

So why am I a fan of Xero over other cloud based accounting systems?  Overall, Xero is designed with small to medium business users in mind.  Let me give you the top five reasons:

  1. Clean Usability and design – The clean and easy to use interface gives simple functionality in the cloud environment with dashboards, drill-down capabilities, and streamlined modules.
  2. Connectivity with Other Applications – Xero easily connects and shares data with other cloud applications like Bill.com and Gusto Payroll.
  3. Cloud Based Accessibility – Many of us are on the go and Xero can go anywhere since it is built purely for the cloud. Since I travel quite a bit this allows for great collaboration with my clients on Xero.  In addition, Xero will connect with most banks to receive your bank statements automatically via a secure connection, making it a breeze to reconcile and gain a complete and up-to-date snapshot of your business
  4. Continuous Improvement – I appreciate the fact the Xero listens to its users and is always in the mindset of continuous improvement. I love partnering with a company that tries to get better each day.  The updated reporting features especially the monthly management report have greatly improved the value my clients receive.
  5. Simple Billing – Xero has only three main billing options and clearly defines each. This takes the guess work and variable cost worries when the bill arrives each month.  This also helps the accountant offer flat fee pricing for their services.

Cloud Enabled

  • Cloud based software allows access to your accounting information ANYWHERE you have Internet access.
  • Mobile apps make it easy to take your accounting software wherever you do business.
  • Automatic daily bank feeds allow you to reconcile your accounts on your schedule without wasting time downloading and uploading your statements.
  • XERO lowers the transition barrier with a FREE Quickbooks conversion tool.

Beautiful Design

  • A beautiful Dashboard gives you a real-time summary of all your bank account balances.  See your bottom line and Cash Flow at a glance.
  • Intuitive design & features make accounting with  XERO accessible for both business owners & accounting professionals.
  • XERO requires no installations, no manual back-ups or maintenance.  Software updates are automatic and available on your next login.
  • No hidden fees makes it an easy fit for our upfront fixed cost pricing.

Secure

  • Information is stored on corporate grade servers that are automatically updated and backed-up.
  • Securely sync with over 500 best-in-class add-on business tolls to customize the XERO experience.
  • Grant access to your accounting and financial data to as many or as few people as you deem necessary.
  • Defined user roles allow you to customize the access that you grant.
  • Free 24/7 user support and training.

Overview of Xero

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