5 features of Xero that everyone should know about

Xero is fast becoming a go-to piece of software for business owners of all sizes, and it’s not surprising as it is a very comprehensive, user-friendly, all round great tool for a wide range of business owners.

As Xero Gold Partners, the Turas Accountants team are well equipped with the knowledge of how to utilitse Xero to the best of its capabilities to help your business with all elements of accounting and bookkeeping. 

Xero has so many features that are useful for all kinds of businesses, but here are 5 of our favourites.

1. Mobility and Accessibility

As a business owner, it’s likely that you will be working from various different locations, with just a device to hand. Xero is fully mobile and accessible from either a smartphone or any laptop or computer. It is all cloud-based, meaning you can access your financial data and manage accounting tasks from anywhere in the world, at any time. This flexibility is a huge advantage for busy entrepreneurs and remote teams. 

2. Seamless Bank Integration

Reconciling your accounts is one of the things we know business owners dislike doing the most. Xero removes this hated task by connecting directly to your bank accounts, automatically importing transactions and eliminating manual data entry. This saves time, reduces errors, and provides real-time insights into the finances of your business. 

3. User-friendly Language

We understand that accounting can be complicated and daunting, especially for new business owners that may never have heard of a lot of the terms before. This is what we like about Xero. It makes things as simple as possible, to enable complete beginners to use the software. Xero is also known for its intuitive and visually appealing interface, making it easy to navigate and understand. 

4. Robust Reporting

One of the best things about using any type of digital accounting software is being able to generate reports at a click of a button. Xero offers a wide range of customisable reports and dashboards, allowing you to track key financial metrics, monitor trends, and make data-driven decisions. This deeper financial understanding can be crucial for business growth and success.

5. Scalability and Integrations

Xero grows with your business. It offers various subscription plans and integrates with many third-party apps for things like inventory management, payroll and e-commerce platforms. Xero is easily adaptable to the specific needs of your business and, when set up correctly, can provide automations that will save you hours of your valuable time. 

Do you need help with setting up your accounts on Xero? Do you already have a Xero account but would like some training to be able to utilise all of its features? Get in touch with the Turas Accountants team today.