“Best Utilization of your hard-earned money is the first building block for running a successful business”
For ages, when we hear the term accounting and bookkeeping, only one software strikes our mind, “Tally,” – the most popular and easy-to-use accounting software. “Tally accounting is yesterday’s history; whereas, Online accounting is today’s philosophy.”
Are you surprised? How is it possible? Accounting, that too online. In the tech-savvy era, when medical consultancy is possible online; then, why not bookkeeping and accounting? There is numerous online accounting software that is well-known, cost-effective, and efficient as well. Some of the common and popular accounting software are Xero, Zoho, and QuickBooks.
Do you know? Xero came into existence in the year 2006 in New Zealand. Further, it is a forerunner in the cloud accounting game and leads not only in New Zealand but also in Australia and the United Kingdom. It has 2 million subscribers across the globe.
Before moving forward, let’s first understand, what do you mean by Xero accounting. In simple words, it’s an online accounting software widely used in small and medium enterprises. It is especially designed for SMEs, to make their financial management transparent, easy to use, and flexible, making accounting a fun experience and hence, beat boredom and monotonous working. Xero accounting has multiple benefits, let’s have a look at them.
- Easy Storage
The biggest hassle which every individual face is storing files on our desktops and laptop. Your permanent solution with quick retrieval of data is right here. Herein, as your data is stored in the clouds, no need to worry at all about the data storage. Further, even if your computer is stolen, still no loss of data as you can access any account through cloud accounting.
- Any time Accessibility
Another exciting feature is that as your data is stored in the clouds, you can work anywhere and at any time. Don’t worry about the safety, your data will be secured irrespective of the place wherever you work.
- Data Confidentiality
If you are worrying about whether your data will be secured on cloud or not? Then, keep your wrath of worries far-fetched, as it is secured. You might think how is it possible? Here is your answer – Xero saves your data online with industry data encryption techniques. In fact, servers used for your data storage are not only high-tech but also have higher levels of physical security.
- Easy Collaboration
Who uses hard copies, faxes in today’s digital era. Another added advantage is it connects businesses, bookkeepers, accountants, and financial advisors altogether that too super quick. It even allows real-time updates. So, you can access the same information simultaneously sitting in any nook and corner of the world.
- Enjoy Free Updates and Features
The biggest advantage of Xero accounting is that cloud accounting gives you the freedom to enjoy the latest and most updated versions. It follows the subscription model in comparison to other products purchased from the internet. Hence, if you are its subscriber, then just enjoy every new feature without paying any additional charges unlike you pay for other downloaded applications.
You would be surprised to know that Xero can be used on both Mac and Windows operating systems. Xero cloud accounting modern user interface is its biggest Unique Selling proposition as the software working is practical and resourceful. Initially, you might take some time; however, once acquainted you will forget the traditional Tally accounting procedures.
We hope that the above piece of information has enlightened you about modern accounting softwares and the benefits of Xero Accounting. Now you know, Xero Cloud accounting is an awesome tool to manage your books. Financial management requires accountants, and bookkeepers with good hands-on experience, after all, it is your money, so connect with us now and stay relaxed for your every bookkeeping and accounting needs. Stay in touch for more updates.