Categories
Bookkeeping

What is Xero accounting software

What is Xero accounting software

Xero was founded in New Zealand by Rod Dury. It was first released to the New Zealand public in 2006. It was very innovative at the time as their accounting software stood out from their competitors. They released an online cloud based accounting software.  

There are many benefits and features of Xero. Firstly, this software has changed the path how small to medium sized business run and operate their business. It is an amazing product as business owners can now see in real time how their businesses are preforming 

It has also cut down the time and costs of accountants. Business owners can now complete G.S.T returns, payroll and invoices, many tasks normally completed by their accountants. This means business owners can be proactive and take action quicker when required. 

Xero cloud-based software charges a monthly subscription, that means no large upfront costs. A small charge each month is direct debited by Xero or businesses can have their subscription with their accountants. 

One of the best features of Xero is that is it cloud based. Therefore, you can use it anywhere in the world as long as you have the internet. It means you can be on holiday at the beach and check your Xero account.  

The other great feature to cloud based accounting is that Xero backs up your accounts. Businesses can store invoices, bills and other important documents to the cloud and it is safe and backed up. 

Xero also has build in software upgrades, so your business will never have to worry about your accounting software becoming out dated or obsolete 

 If you are thinking of changing accounting programs or wanting to know more about Xero cloud-based software contact Office Pro today.