As far as cloud-based accounting software goes, Xero has a lot going for it. The way that small and medium-sized enterprises handle their finances has been completely transformed as a result. The accounting process is simplified and streamlined with Xero’s user-friendly interface and advanced tools. Xero can handle everything your business needs, from invoices and payments to inventory tracking and financial reports. To help you make the most of Xero and realise its full potential, this article will go into some of its most useful features. This post will be helpful whether you are an experienced accountant or a business owner doing your own bookkeeping.

All Xero features

Discover about the Xero features your company needs to function.

Pay bills

Keeping on top of bills can be a daunting task, but with Xero’s pay bills feature, it’s never been easier. Say goodbye to missed payments and late fees. With just a few clicks, you can see what bills are due and pay them on time. Need to schedule payments in advance? No problem. Xero allows you to make batch payments and schedule them for the future. No more scrambling to pay bills at the last minute. Plus, all your bills can be stored in one place, easily accessible from anywhere with an internet connection. Say hello to stress-free bill management with Xero.

VAT returns

As a small business owner, managing taxes and filing VAT returns can be a daunting task. However, with Xero’s VAT feature, this process is simplified and made more efficient. Xero not only calculates the VAT for you, but it also includes it in the returns, ensuring that you don’t miss any payments. Additionally, the platform allows you to manage VAT transactions by viewing details and making adjustments where needed, giving you complete control over your taxes. Plus, with the ability to submit returns online and in a format that is compatible with MTD for VAT, you can easily file your returns and stay compliant with HMRC. Overall, Xero’s VAT feature is a valuable tool for any small business owner looking to streamline their tax processes.

Claim expenses

Keeping track of expenses and employee spending can be a hassle, but with Xero’s expense manager tools, it’s never been easier. With the ability to capture expense claims and monitor employee spending, managing expenses has never been simpler. Take the hassle out of filing expense claims by using Xero’s paperless system, where you can easily take a photo of receipts, submit claims, and quickly get reimbursed. With management tools accessible on-the-go, you can streamline the approval process and monitor analytics at any time. Stay on top of your finances by easily submitting VAT returns online, all while remaining compatible with MTD for VAT. Xero’s claim expense feature is the perfect solution for any business looking to simplify their expense tracking.

Accept payments

Looking for a hassle-free way to accept payments? Look no further than Xero’s amazing feature that lets you accept payments online! With just a few clicks, you can enable credit card, debit card, and direct debit payment options straight from your Xero invoice. Making it easy for your customers to pay not only reduces the time spent on chasing payments but also increases the likelihood of getting paid on time. Plus, with payment services like Stripe or GoCardless, you can offer more ways for customers to pay your invoices quickly, making your business look more professional. Lastly, you can stay protected against fraud with trusted payment processing providers. So why wait? Sign up for Xero today and start accepting payments the smart way!

Capture data

Managing finances can be a daunting task, but with Xero’s feature of capturing data, it’s never been easier. Thanks to Hubdoc, users can now get copies of important documents and key data stored directly into Xero. From bills to receipts, you can take photos, email, scan or upload documents to ensure all your financial information is organized and easily accessible. Plus, it’s seamless to reconcile with Xero, as you can automatically sync transactions and add key information. Not to mention, you can even extract data from bank statements and store all your financial information online for easy access from anywhere. Say goodbye to the headache of financial management and simplify your life with Xero’s data capturing feature.

Files

In today’s world, they all want to store their files online and access them safely from anywhere. Xero makes it easy by providing online file storage. With this feature, you can effectively manage and share all your important documents, contracts, bills, and receipts without any hassle. Not only can you store files in the library, but you can also email or upload any kind of file to it. Additionally, you can easily view the original document when entering data and watch it side by side. Sharing files has also been made easier; now you can give access to your accountant or bookkeeper in real-time. Xero’s online file storage feature is a great tool for anyone who wants to keep their documents organized and easily accessible.

About Xero

Are you tired of tedious accounting work, managing spreadsheets and doing calculations? Say goodbye to manual accounting work and hello to Xero, the cloud accounting platform that automates and streamlines bookkeeping for small businesses, accountants and bookkeepers. Founded in 2006, Xero has grown to become a leader in cloud accounting across New Zealand, Australia and the United Kingdom. Their passionate and experienced board, executive and leadership teams are dedicated to innovation and enhancing performance to better serve their 3.7 million subscribers. Join their team of talented thinkers, creators and educators as they help businesses automate, collaborate and grow. With Xero, small businesses can focus on what they do best while leaving the accounting to them.