Recurring sales invoices are automatically generated and sent to customers at a specified frequency and interval. You can use the “Plus” icon to save time and avoid navigating different menus and tabs. For example, to create a new invoice, click the “Plus” icon and choose invoice. As a small-business owner with a lot on your plate, using an accounting software platform like Xero can make it easier to manage your complex financial responsibilities. A PDF to CSV Converter for Xero is a tool designed to convert PDF documents, like bank statements, into a CSV format that Xero can easily process.
Small business guides
Xero may be harder to learn than a simpler invoicing platform like Square Invoices or Zoho Invoice. Read our 2024 Xero review to find out if it’s the right solution for your business. It’s now easier to navigate your products and services list and view key information at a glance with new inventory filtering options within Xero Inventory. Filter inventory items by type (tracked or untracked) and apply this filter to your export. Plus, you can now customise your columns and save your preferred view as a default.
- In addition to its invoicing capabilities, Xero also offers a payroll feature that helps SMEs streamline their online pay runs and keep their payroll records organised.
- This month’s Xero product updates include exciting new features and enhancements to streamline your workflows and boost productivity.
- After you set up an account, Xero suggests a handful of accounting tasks to help you learn the ropes.
Some Unusual Reports
These options are becoming more common, though not every service allows this yet. You can also enter them manually and record payment—though there’s no online bill pay such as QuickBooks Online offers. Templates are available for one-time and repeating invoices and quotes, and you can queue up multiple statements to print or email. Although Xero’s thorough, step-by-step support articles can help with this task, the app doesn’t offer chat, email, or phone help (Patriot Software Accounting offers all three). These tools aren’t as graceful to use—nor are the data fields as plentiful—as they are in QuickBooks Online. The forms don’t miss anything major, though they don’t have FreshBooks’ state-of-the-art look.
Best Accounting and Bookkeeping Apps for Small Businesses
Xero, FreshBooks and QuickBooks all offer 30-day free trials and extensive features for online support, including a live chat, email support and a knowledge base. All three of these offer the ability to scale their accounting for larger businesses and both Xero and QuickBooks offer specific training for accountants. These companies offer Gusto integration for the same price—$40 per month and $6 per month per person. On the other hand, FreshBooks may be a better fit for freelancers and solopreneurs, as the capabilities are easier to navigate. Keep in mind that the ability to use multiple currencies in the software and invoice is limited to the company’s highest tier, at $70 per month.
You can also reconcile your bank transactions in Xero and keep your accounts up to date. Their tools streamline the data entry process, eliminating the need for manual input by ensuring compatibility with accounting software. This makes ProperSoft’s products essential for businesses and individuals looking to automate financial data processing and minimize human error. Using advanced OCR technology and specialized algorithms for financial documents, DocuClipper ensures high accuracy and fast processing. This tool is perfect for businesses aiming to reduce manual data entry, improve accuracy, and streamline financial document management, making it an essential solution for saving time and boosting efficiency.
It supports every element of financial management that both young and growing companies need, using AI effectively in areas like bank account reconciliation and offering advanced reporting abilities. Overall, FreshBooks and Intuit QuickBooks Online remain our Editors’ Choice winners for their intuitive operations, flexibility, and smart selections of accounting features. In this guide, we’ll introduce the Xero accounting software and how it can streamline the financial processes of your business. We’ll also discuss its integration with Airwallex, an end-to-end financial operations platform that automatically syncs your transactions with Xero.
The Xero online payroll software makes it easy to automate tax calculations, track employee leave balances, and pay your team on the go. With the Xero Me app, your employees can check their pay slips, request time off, and submit timesheets easily. Once they log their hours on Xero Payroll, you can approve it immediately and it’ll automatically calculate their earnings. This means you can easily process salary payments and create electronic pay slips whenever you need to. Business owners, freelancers and entrepreneurs often spend a large chunk of time on administration and accounting.
Develop your business skills and Xero expertise with tools, guides, and links to financial business resources. We’re thrilled to announce the global and country winners of the 2024 Xero Beautiful Business Fund, who each share in the NZ$750,000 total prize pool. We were xero blog blown away by the entries from passionate small businesses and non-profits across seven countries. Our judging panels were both inspired and challenged by the task of selecting 28… How to Use AI in Accounting Business to improve, simplify, and streamline processes.
