How can Xero benefit your business?

If you are a small business owner or self-employed, you will know how important it is to ensure your finances are managed well.
Ensuring you have a clear picture of your finances, better enables you to deal with challenges that arise in running a business.
That, along with the implementation of Making Tax Digital (now due in 2026), it’s never been a better time to get on board with accounting software.
As an accountancy practice, we use and recommend Xero, and in this blog we will cover the benefits of using Xero for your business.

Ok, so what is Xero? In a nutshell, it’s a cloud accounting software designed with the small business owner in mind. It is multi-functional and offers a clear picture of your finances at any given time.
From sending invoices to tracking projects, you can do it all on this piece of software.

What are the benefits of using Xero?

Anytime, Anywhere. In the words of Xero themselves. The software comes with an app so you can access what you need wherever you are. From creating invoices on the go, to reconciling payments, Xero makes it easy to do any accounting business quickly and efficiently. You can also have multiple users meaning team collaboration is at your fingertips.

You can sleep well in the knowledge that the software Is secure, data is protected and accurate, and can easily be used in collaboration with your accountant, saving time so you can get on with business. You’ll get handy analytics too so you can really build a picture of your business finances.

Late payments messing with your cashflow? With Xero you can get paid up to twice as fast by linking the software with online payment platforms, meaning you can add a ‘pay now’ button to your invoices making payments easier to track and easier to pay. You can even automate chasing late payments!

Would you like to eliminate having to sift through boxes of receipts and invoices? Xero is cloud based meaning all your documents are stored safely – no need for paper copies!
Another way this software saves you time is by linking your bank feed taking away the need for manual bookkeeping processes and ensures bank reconciliation.

As business owners, we know you wear many hats. By using an accounting software such as Xero, you are winning back much valued time to dedicate to growing your business.

Have any questions? Get in touch and we will be happy to chat!