Xero is online accounting software. Designed specifically with small business in mind, the service has a number of additional features like point of sale integration and creating invoices.
With over a million users, Xero is a one stop shop for small businesses for everything money. The most basic functionality allows for multiple bank accounts and online money services to be connected in one place in real time, giving a complete picture of cash flow. Inventory can be added in a similar way, reducing the need for additional software and processes. Part accounting, part point of sale software, Xero also provides some incredibly useful features for travelling or mobile businesses. Itemised invoices can be created and sent to customers in seconds, who can they pay electronically directly to a linked account. Point of sale screens with all available inventory and images can be easily made up, making it simple for employees to adjust to stock or menus. Additionally, a number of automated features such as payroll, expense claims and more simplify tax.
All wrapped up
Xero offers an easy way for small businesses to manage sales, finance and tax in one place. While larger operations may not require many of the features, the ability to connect with other apps and accountants allows for simple expansion.