Xero was introduced in 2006, and since then it has become a household name for bookkeeping and accounting users.
Xero offers competitive pricing plans and third-party apps that enable users to perform various tasks on a single platform.
At Pransform, we have been suggesting Xero as one of our go-to accounting and bookkeeping solutions to our clients for many years.
4 Reasons to Choose Xero for Your Bookkeeping Tasks
Xero is excellent cloud-based accounting software. It is particularly useful for small businesses with limited accounting and bookkeeping needs. However, its scalability and third-party app integration mean the software is equally useful for medium and large enterprises as well.
Here are our top four reasons to choose Xero as your go-to option for bookkeeping and accounting tasks.
1. Do More and Pay Less
Xero offers competitive pricing plans that enable users of different sizes and with different needs to choose the right plan.
For sole proprietors and small business owners, the starter pack “early” starts at just $12 per month. The next two plans “growing” and “established” cost $34 and $65 monthly respectively.
All of these plans suffice the basic bookkeeping needs including bill recording, invoicing, quotations, and expense recording.
For businesses with multiple users at multiple locations, Xero is the most useful option as it allows unlimited users for the same account. It offers a good range of features for the basic package. However, you’ll need to upgrade to the premium packages to utilize the full features offered by Xero.
Xero’s online invoicing feature means businesses can send invoices in real-time. It also enables businesses to receive payments online quickly accelerating the payment collection system and improving the cash flow of the business.
Collectively, Xero offers valuable features at very competitive pricing as compared to its competitors.
2. Cloud Accounting to Take Your Work Wherever You Go
Xero is cloud-based accounting software. Users can access Xero from anywhere and on any device. Xero enjoys the reputation of offering an intuitive and user-friendly experience for its users.
Businesses with growing needs and users at multiple locations can take full advantage of the cloud accounting solutions offered by Xero.
Xero users can easily share files, documents, and effectively their workload. It allows users to send invoices online. Online bank account integration means your financial reports remain up-to-date at all times.
Moreover, you can add different user accounts that enable access to different team members working remotely. If you are not well-versed in accounting or you do not have time to handle bookkeeping tasks, you can easily outsource. Cloud accounting and online collaboration mean you and your team members will be on the same page.
All that converts to easy team collaboration working on complex accounting projects together. From basic bookkeeping tasks to managing cash flow forecasts, you can collaborate easily within the office or with the offshore team.
3. Third-Party App Integration
If Xero’s compelling products and features fall short of your requirements, you can always use the add-on option with it.
Xero has an excellent range of third-party apps that makes your job a lot easier. Whether you want email integration with Gmail or Microsoft 365 or you are looking to add a payroll service provider like Gusto, Xero got you covered.
You can use third-party market apps for document sharing, online collaboration, email, payroll integration, marketing, and HR services to name a few.
Although this feature is not unique to Xero only, it makes your bookkeeping and accounting tasks easier for businesses of any size.
4. Collaborative and Scalable Solutions
With different pricing plans and third-party market app integration, you can always customize your Xero account as your needs grow.
Xero is customizable and scalable accounting software that fulfills the needs of businesses of different sizes and requirements.
Xero offers more features such as project management tools, expense claims, in-depth analytics, and the use of multiple currencies with advanced pricing plans.
Users can choose from hundreds of third-party apps to fulfill their other needs on a single platform. Moreover, its advanced plans do not limit your invoicing and billing requirements for a growing business.
Xero users enjoy comprehensive bookkeeping and accounting features with all packages. It is user-friendly and easy to use.
Businesses can customize and scale their Xero features using third-party apps. It can fulfill the bookkeeping, reporting, compliance, and cloud-accounting needs of businesses of all sizes.