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  • ACE Team

Is XERO suitable for SMEs?

Why Xero is suitable for small businesses

Accounting plays a vital role in any business, but small businesses don’t always have the funds to hire an accountant. Thanks to cloud accounting, there is an alternative for businesses to keep processes in house.

For small businesses without a finance team, keeping tidy records can be a challenging task.

  • it’s easy to lose track of numbers,

  • misplace invoices

  • neglect your tax reports until April approaches.

Cloud accounting software can multiply your accounting capabilities with little effort.

  • With real time insights

  • incredible accessibility

  • cloud based platforms ensure that you’re never blindsided

Xero helps small businesses to save time

For a small business owner without accounting expertise, menial processes can quickly take an overwhelming amount of time to complete.

The efficiency of Xero means that users can undertake these same tasks with ease and often with no effort at all thanks to automation. Processes that would typically take hours to complete manually now take just seconds with the help of AI technology. No longer do business owners have thoughts of tedious data entry and financial forecasting clouding their focus. Instead, tasks can be automated to regularly streamline processes, with notifications indicating when a job is done.

Xero reduces the risk of mistakes

For small businesses owners who are new to accounting, it can be difficult to avoid making mistakes without moving at a glacial pace. Mistakes can cost businesses millions of pounds, but, with a thousand things on your plate, there’s no time to get bogged down in small details.

Xero improves your business’ cash flow

Real time data and clear reporting mean that you can see what money is going in and out of your business at any time. This gives you a better understanding of the state of your finances.

  • Direct impact on your cash flow by helping you to get paid faster through online invoicing.

  • Customers or clients simply need to pay the invoice online and the money will go straight into your account

  • Set up automated reminders so that you don’t have to chase payments.

Xero can be used wherever you are

As long as you have access to an internet connection, you can log in to your Xero account on almost any device. Xero is cloud based so you’ll be able to accurately view your data in real time. That means whether you’re on a train using your tablet or at home using your PC, you’ll be able to view your finances at the click of a button.

Xero is constantly evolving to offer innovative features

Not only does Xero frequently roll out product updates, but their partnerships with other apps offer a range of new software capabilities each month. This means that businesses are constantly given access to new and exciting ways to keep up with their finances, gain real time views of their cash flow, and keep up with the demands of their business.

Xero is a cost effective accounting solution

From handling your processes while you’re running your business to offering unique insights that become more and more intelligent over time, a business that uses Xero is dealt a great advantage in understanding their finances and knowing what actions to take towards success.

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