Our Top 5 Favorite Xero Features
Most business owners already know it’s crucial to have an accurate picture of your company’s finances. The two most foundational pieces towards building that picture include partnering with a seasoned financial professional and having the right accounting software.
When we start working with a new client, one of our first steps is to assess what kind of system they already have and listen to what they need. For clients unfamiliar with the options (which is understandable, as there are so many!) we can make recommendations about which software would be a good fit and can assist with setup.
For our clients looking for a solid all-around solution we often recommend Xero, which is fast becoming one of our favorites. An array of user-friendly yet scalable features paired with top-notch customer service make it an especially good choice for clients new to managing their finances.
“I think Xero is a great option as it is simple to use and can grow with a business' needs. The reporting is very clear and can easily be customized. Also, their customer service is great! They clearly value their clients and are always striving to provide updates based on requests for new features.” — Rechelle Kennedy, Breakaway advisor
Some other favorite features from our many Xero certified advisors:
Easy invoicing and payments, with customizable invoice templates and automated reminders for overdue payments to ensure that businesses get paid promptly. Xero's integrated payment gateways make transactions quicker and more convenient for customers. This feature not only improves cash flow but also helps in maintaining positive relationships with clients.
Efficient expense tracking and simple bank reconciliations.
Powerful reporting and analytics tools allow our advisors to generate comprehensive financial reports for our clients. The platform offers a range of customizable report templates, including profit and loss statements, balance sheets, and cash flow forecasts. These reports help small business owners gain a deeper understanding of their financial performance and make data-driven decisions for growth and sustainability.
Seamless integration with third-party apps such as payroll software, CRM systems, and inventory management tools.
Excellent data security and automatic backups.
Xero's cloud accounting software has emerged as a game-changer for accountants and small business owners alike, with features for everyone from the experienced accountant to a new small business owner.
“My favorite feature is the find and recode, many options for mass edits and you can ‘undo’ any prior entries.” —Michelle Löpez, Breakaway CFO
If you think your accounting software needs a refresh, a Breakaway advisor can help you determine the best option for your business. Contact us to learn how we can help.
