Top 5 reasons why small businesses should pick Xero

Xero vs MYOB

Written by Summer Priest

I’m your go-to Sydney Xero Bookkeeper who cares, swears and surprisingly doesn’t own a scratchy brown suit *scandalous*. I help you achieve freedom to live and up-level your biz. Good news. I always have a secret stash of Maltesers to share, love sipping apple martinis with you and dedicate my days to taking care of your books or looking after my littlest bestie, Bowie.

May 11, 2021

A few years ago, who would have thought you could be watching your kids play sports while keeping on top of your business’s finances? All from a phone in the palm of your hand? Or that you could be travelling – across town or across the world – and be able to login to your accounting software and see where your business stands at that precise moment in time? #FREEDOM

It’s important to reflect on technology and how it plays a pivotal role in most small businesses and, for businesses using Xero, how you can take advantage of its capabilities to achieve your business goals.

Xero’s gonna be a game-changer for your business. But moving from messy spreadsheets to a crisp Xero account can be overwhelming. So grab a cuppa *or an Apple Martini* cause’ if you’re a small business owner, here are five reasons you should switch to Xero to help you run your business.

1. Work where and when you want to

Whether you use your smartphone or tablet, or your PC or Mac, Xero lets you keep on top of your business finances wherever you are. Xero also works hard to ensure you – and anyone else who needs to access your finances – are working off the same data, wherever you are, whenever you want.

2. Improve cash flow and get paid faster

Every business needs to get paid, and Xero equips small businesses with tools you can use to get paid faster.

Say goodbye to “traditional” printed invoices and start using online invoices. Rather than send your customers a PDF file – or, worse, a printed document – you can send them an online invoice. The advantages? Not only is it faster, you can also see whether they’ve opened it, and they have the ability to pay you online through your invoice. The faster the process, the faster you get paid.

Smart software should be easy to use and also work behind the scenes to help you save time.

Drawing of a Xero Icon

3. Let Xero do the heavy lifting while you sleep

Smart software should be easy to use and also work behind the scenes to help you save time. Let Xero perform those tedious, repetitive tasks that take you away from doing the things that you love!

If you use invoicing, then Xero’s automated Invoice Reminders can do the chasing for you. If your customers take a while to pay you, or you are spending hours chasing overdue invoices, then Invoice Reminders is a must-have. It will automatically send an email to your customers if an invoice is overdue (or about to become due).

4. Collaborate with your legendary bookkeeper (or accountant)

They call it the Single Ledger, but think of it as the single set of data that both you and your bookkeeper or accountant can work from. This means you’re both seeing the same set of data at the same time.

This saves you from having to export data and send it to them – as soon as you’ve sent it, it’s likely out of date.  As an bookkeeper it saves us the trouble of importing the data into another solution, which not only means you may not be working off the latest information but, because it’s often unwieldy to do, then any problems in a client’s business may not be discovered for months.

What’s more, you’re free to invite your Accountants and Bookkeepers into your file at no additional cost – Xero make it easier than ever to collaborate with those who matter.

5. Xero grows with you

Whether you’re just setting up your business, or you already use multiple systems, Xero’s ecosystem can help you. Xero works with more than 500 products so you can craft a solution that meets your needs.

Whether it’s integrating with your email (Xero integrates with Gmail and Office 365) or you want to use specialized systems – such as customer relationship management, inventory or industry-specific solutions (such as Vend or Shopify), then Xero’s add-on marketplace gives you the flexibility to create a mix that meets your business’s specific needs.

Ready to switch to Xero…

But not sure where the HECK to start?

There’s a few things you can do… You can:

  • You can dive right in an book in your Xero Setup with OH NINE.
  • Book a beer with us to talk about whether Xero is right for you.
  • OR if you’re a current Xero user, we can conduct a Xero Health Check to ensure everything is in tip top shape.

Blog adapted from Top 5 reasons why small businesses should pick Xero from our friends at Xero