Xero: What is it good for?

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Xero: What is it good for?

If you've read our introductions to MYOB LiveAccounts and Saasu, you may be wondering what Xero has to offer. Here is a basic intro.


So far, we've followed up our basic intro to cloud accounting software with an introduction to MYOB LiveAccounts and Saasu. So what about Xero?
Xero puts important information front and centre in plain English. Entering transactions is easy and if you carry out regular purchases like rent you can easily set these up as recurring transactions. You can do the same with invoices as well.
Tax reporting is easy as Xero produces an activity statement report that lists the BAS form boxes and the amounts you need to fill in for the tax office. Other reports such as profit and loss and balance sheets are easy to produce.
You can use Xero to create pay-runs for your staff that are automatically processed complete with payslips that can be customised with your logo. If you have several staff, you can create a pay-run that processes a group of employees and schedule it to run automatically on a schedule.
If your clients or suppliers use Xero you can send statements automatically from one Xero user to another, negating the need for sending separate email.
Xero offers an iPhone app as well as broad browser compatibility.
Xero offers a free 30 day trial. If you like it, there are options starting at $29 per month going up to $64 per month and includes multi-currency support, unlimited payroll and automated superannuation payments.
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