Cloud accounting has revolutionised the lives of hundreds of thousands of business owners.
Today it is reported that more than 50 per cent of small to medium-sized businesses are using the likes of Xero to keep their accounts in order.
For small businesses from hairdressers to garage owners and coffee shops, this can be a godsend, allowing them time to automate tasks to save time and money and all without the cost of installing expensive hardware and software.
In addition, there are a number of add-ons and apps that integrate into Xero to enhance what is already on offer. From apps that allow you to scan receipts to sending bulk payments effortlessly, Xero has an expansive list of add-ons ready to help automate your everyday tasks. They include:
Approval Max, which provides multi-role and multi-tiered review and approval automation workflows for purchase orders, bills, sales invoices and credit notes. It also helps you say goodbye to paper and email-based approval routing, ensuring fully automated approval workflows, spend control and regulatory compliance are all taken care of online.
Wise is a bill payment feature that lets you pay your suppliers through Xero using your preferred bank account. No matter which UK bank you’re with, you can pay and reconcile multiple bills in just a few steps. You can see the status of payments in Xero and know that your suppliers have been paid on time. Send suppliers a remittance to notify them of payment. You’ll be alerted of potential errors before a bill payment is processed, reducing the risk of failed payments.
Dext helps you manage your expenses, including receipt imaging features and creating expense reports. All you have to do is download the mobile app, snap a picture of your receipt and it delivers the data directly to your accounts software.
Xero is accessible online, on a desktop, tablet or phone and can automatically handle tasks that used to eat up time – from importing bank transactions to sending invoice reminders it will do the work for you.
With data stored safely and in one place, it will give a snapshot of how your business is tracking. You can also invite your accountant or bookkeeper into Xero, so they’ll ensure you meet all your tax obligations.