I remember when a friend told me to switch my phone from Nokia to an iPhone with the phrase ‘this will change your life’. It did.
Xero is leading the field in doing the same for keeping accounts. Sure it may not sound so glamorous but anyone who dreads bank reconciliations really should take a look.
What they do: online accounting software
What they say: Log in online anytime, anywhere on your Mac, PC, tablet or phone and see up-to-date financials. It’s small business accounting software that’s simple, smart and occasionally magical.
What we say: This one is really for anyone who keeps any kind of accounts, personal or business. For you, Xero’s greatest gift is efficiencies. The system is easy to use and pretty intuitive. Best of all Xero links with multiple other applications, making it easy to sync related data (for example, if you work on a consultancy basis you would be able to upload your timesheet, invoice and reconcile payment of that invoice!). Worry not however if this sounds a little overwhelming, there are loads of Xero accountants out there, happy to help and lend a hand.
In basic form, the time savings given by being able to access your accounts online, from any device at any time, are enormous. And that’s before you’ve even taken a look at bank reconciliations, invoicing, bill paying… the list goes on.