Author: Jonathan Aitken
We are often asked by clients why we use XERO as our recommended accounting software.
While not the cheapest option available in the market, we like the following features:
- The linked Hubdoc account allows one to easily scan receipts and automatically allocate them to accounts and the bank recon saving time and reducing the need for manual files;
- The bank recon process is much simpler because of the ability to link bank accounts (to automatically refresh data) and the ability to set bank rules – this makes it much easier for clients to work with real time info for decision making;
- The app market place allows us to build an infrastructure for clients at a fraction of the cost of integrating other systems. Want a CRM or payment gateway. No problem, just get an account for the app you like and link it to your XERO account;
- Better cash management – set up automatic reminders for clients and for good measure link a payment platform so customers can click on the invoice to pay. Won’t resolve the customers who can’t pay but will improve payment periods for the vast majority who just forget;
- Better reporting – easily set up customised reports for management reporting purposes so month end reporting becomes as simple as change the date, publish and send.
- Use the app – the app itself could probably be improved, but together with Power BI, it is quite easy to make real time info available to senior management to keep tabs on key financial metrics;
If you would like a demo or just wish to chat about the different options out there, feel free to give us a call or email us at info@sailsolutions.co.uk