Xero can save you time by eliminating processes such as billing and collection. Plus it can improve your performance by providing you with current financial data to help you make better business decisions. Real time reports can give you a complete picture as to the financial position of the business.
Xero is stored in â€œthe cloudâ€ which simply means having the program and data stored off site and accessible online. If youâ€™re relatively technically savvy, youâ€™re probably using the cloud and donâ€™t even know it. Some examples are: Internet banking, gmail, Hotmail, facebook and many other applications where your information is stored on a remote drive and not on your own computer.
Also having the ability to still access all of your data in the event of a hard drive failure or computer theft gives business owners a level of comfort which cannot be overstated.Â A move to Xero to manage your financial data is loaded with benefits. Choosing a cloud computing vendor to host your accounting application remotely takes all the responsibility and most of the expense off your books while increasing your financial visibility and reporting with the ease of a browser.
Watch: Xero does a month’s accounting in 5 min
Xero is made for people, not accountants, therefore it’s easier to comprehend and all the tools are close at hand when required. At Roger Ng. & Co. we’re well aware that YOU’RE the one doing the books and therefore it has to be easy for YOU to use. Xero’s easy to use interface makes you much more efficient.
- Take hours, not days to do your GST. It’s much easier, you may still make mistakes, but they’re easier to find and fix.
- Invoicing will take minutes, not hours. You can even automate regular invoices.
- Bank Reconciliations are a breeze as Xero syncs with the bank and finds the transactions for you… All you need to do is tick them off!
Compare your options side by side: Xero Vs. MYOB
MYOB for years has been the standard that Australian businesses have lived by…. And it’s still a fantastic, usable tool that will do everything you need and more. However as you can see from the comparison table below, Xero does offer more features.