What is Xero?
Xero is a comprehensive small business platform that empowers entrepreneurs and accounting professionals with a robust suite of financial management tools. With over 3.5 million subscribers globally, Xero seamlessly integrates accounting, payroll, workforce management, expenses, and project management capabilities, providing a centralized solution to streamline business operations
Highlights
- Automatic data entry: Xero eliminates manual data entry by directly importing sales and expense records from banks, invoicing apps, point-of-sale systems, e-commerce sites, and receipt scanners
- Intelligent bank reconciliation: The software learns user classification patterns and suggests appropriate categorizations, making the reconciliation process efficient and user-friendly
- Online billing and payment processing: Xero enables businesses to send invoices and offer customers multiple payment options, including credit/debit cards and direct debit, while automatically sending payment reminders
- Automated financial reporting: Xero generates balance sheets, financial statements, and pre-populates tax returns with the click of a button, providing real-time business insights.