Xero is a cloud-based system, which is now making a difference in online accounting. Plenty of businesses are now using Xero to optimise their accounting system.
One of the advantages of using Xero is the ability to reconcile bank statements. Xero can easily and quickly reconcile bank statements simply through a bank rule set-up. It is an efficient way for businesses that deal with cash transactions or have hundreds of transactions every day. Xero can code the transactions automatically and save hours of work.
Another advantage is the ability to create a budget easily. Xero has a built-in Budget Manager, which imports and exports spreadsheets. It has a Budget Variance Report that shows how the business is performing so the owners can adjust their budget.
With Xero, there’s no need to recreate bills and invoices. Those who have to create similar invoices or paying the same bills every month will appreciate the Repeating Invoice and Repeating Bill options on Xero. There can be a template that will automatically create, save and email to customers.
What can you do?
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Whether you are a beginner, seasoned investor or business owner, we can give you guidance to maximise the financial areas of your life. We can give you an integrated and tailored solution of your superannuation, taxation, property investment, asset protection, estate planning and more.
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Chan & Naylor Group has nationwide offices in Brisbane and Capalaba in Queensland, Melbourne and Moonee Ponds in Victoria, East Perth in Western Australia, and South West Sydney, Parramatta, Pymble, North Sydney, and Sydney in New South Wales.