Xero

Xero is useful accounting software based in the cloud online which makes it accessible from any device whether it's your table, smartphone, laptop or computer which is very cool. You can sync to your bank accounts and match up items quickly. The software works relatively fast for a financial based software based on my research into the market recently. What's great about using this kind of software is that they allow for unlimited users so your team can have permission based access which is practical in some situations and perhaps even empowering. The updates are free which is also a good thing because this company will continually improve their features and functionality by all accounts. And it's all backed up for you so there's not only an audit history available in your account they've got your back with a proper backup of everything in it too. The time savings is one of thee greatest reasons to consider software like this. With increased accessibility and by having so many interconnected tools available to you on any device which is connected to the internet your business is always open when you want it to be. I like the SquareUp integration in particular which is an awesome payment system that works with your smartphone to take payments via credit legitimately synced to your business bank account when you're mobile. There are a lot of financial integrations available for Xero and this extensibility is definitely one of the things that differentiates Xero from a few others in their market. There are customer relationship management software integrations as well Freshbooks ans Highrise as well which is nice to know. The reporting pretty cool and serves to give you a solid overview of all your transactions in a number of different ways which helps you stay on track with your goals. I like the modular nature of the user interface. The variety of ways to utilize Xero in the Account tab in particular is robust and practical. I like the overall look and feel of the software as it seems very comfortable and not bogged down or cluttered by too much information. But it's all really accessible and intuitive to learn and use so that's really great.

Xero has a lot of automation which is the best part about it in my opinion because it speeds up these processes and saves time. But I thought about another perspective to consider which is viable regarding a certain portion of the population which haven't reached the level of trust it takes to create a new Xero account so they can give access to their financial information online to your accountant. If your accountant was to use Xero they wouldn't have a manual or semi-automated way to add your data to the account such as excel spreadsheets. Based on my lengthy experience with my B2B based business there are definitely varied levels of tech savvy and those with less of it tend not to trust anything that is done in one click, or in just a few clicks. This might just deter professional accountants from using Xero because they can't serve their old school clients in a way that satisfies them, as timely as the process of doing it this way may be, if that's what the client wants typically you can't force or push them into actually making finances a lot easier by using Xero.

Xero is a robust, fast accounting software based in the cloud so you're able to access it basically anywhere. You can sync to SquareUp and take credit card payments from your smartphone which allows you to have an incredibly powerful mobile business. The ability to use Xero for a lot more than invoicing as you can use it for payroll, purchases, inventory, expenses claims and fixed assets which makes the feature set very robust. I find the user interface to be very intuitive and easy to use considering the amount that is included under the hood. It's got more functionality than a Wave accounting basic account but less than the enterprise level softwares which come with massive configuration and customization modules. So it's a great fit for smaller business who want to manage and sell to clients with all of your paperwork done for you online with far less work. The pricing is reasonable considering the time and cost savings you're getting in return.