Xero Cloud Accounting Services
In this ever evolving world of digitalisation and remote work arrangements, the convenience of having your accounting system on the cloud, with 24/7 access anytime, anywhere and on any device is now becoming a necessity.
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What is Xero?
Xero is a cloud accounting software which allows you to automate many of your accounting processes and provide the financial information and real-time insights you need at your fingertips. You can perform business analysis and view and generate reports just at a click of a button. The Xero software is engineered to assist in reducing the manual tasks and workload of a Xero user and improve the overall business performance via a robust accounting system.
Some of the amazing features of Xero include online quotation approvals, automated invoicing and reminders as well as online collection options which can be linked to PayPal and Stripe, just to name a few. Xero is also every accountant’s dream with its amazing automated matching feature for bank reconciliation as well as options for integrated direct bank feeds from your bank account, which saves valuable time and resources.
With Xero, your company is able see improved workflows and processes which in turn increases productivity and efficiency. Your people will reduce their time spent on doing manual tasks, such as preparing payment vouchers and manual approval forms, as well as manual bank reconciliation. Xero allows business owners and employees to focus on the more important tasks at hand simply by reducing the steps within a process while increasing the accuracy of the work done through the automated checks and controls performed for you by the system.
Coupled with the ability and convenience to work anytime, anywhere and have access to your accounts at your fingertips, Xero’s in-built business and financial analytics functions allows you to have visibility and clarity on your business today and where it may be going in the near future, thus providing you with the valuable information you need to make better informed decisions on a timely basis. -
Why Xero?
The Xero cloud accounting system is accessible as long as you have an internet connection – convenient for any business owner, finance personnel as well as employees who would need to access Xero. As Xero is a subscription based software, it is easy for you to add and remove users and the Xero packages include UNLIMITED number of users, allowing the system to scale with your business easily, without you having to worry about additional costs.
On top of that, Xero removes the need for you to have an IT infrastructure or servers to support and maintain the system or to work remotely, again saving you precious time, money and resources. With the ability to store your documents online in Xero, you now do not have to rifle through boxes of archived files and hardcopy documents in order to retrieve the information you need, saving you the hassle and cost of retrieving hardcopy documents from the filing room or warehouse.
Xero also has more than 700+ applications that can be integrated to the software in order to support all your operational needs. This includes payroll, inventory management, Point-of-Sales (POS) systems, procurement, workflow and approvals, sales and CRM, e-commerce etc. With Xero, you are able to build and customise a system based on your requirements by adding on modules and third party applications only if and when you need them. ChanCo is able to advice as well as customise the application ecosystem to suit your business needs.