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Whether you are managing your finances in autonomy or you’ve hired a professional accountant, an accounting software tool can make things a lot easier for you. Even though you have a professional accountant working for you, you still need to let them have all your data regarding expenses, incomes, and more in order.
Instead of managing anything by hand or through an Excel sheet, an accounting app would do these things automatically so that you can focus on the core of your business.
There is no need to spend hundreds of dollars on accounting software for your business: in this article, we’re discussing two of the best-known entry-level accounting software platforms available. At the end of this article, you can choose whether one of the two can be suitable for your needs, or if you need a third alternative.
Xero is also a cloud-based accounting software. Its main fortes are the integrations and the availability of the mobile app along the desktop version.
Xero can be used on nearly any kind of device. Being a cloud-based software it provides a web app accessible from all the most common browsers (Chrome, Edge, Firefox, and Safari), and there is also a mobile app available for both Android and iOS devices.
Because it’s a cloud-based app and because all data is saved in the cloud, data is always automatically synced between your desktop and mobile app.
Xero is particularly advantageous for businesses in sales because of its sales overview. It’s a dashboard that allows you to have any aspect of your selling business under control with a single glance.
With Xero, not only can you create invoices from the provided template, but you can also create your personalized templates.
With Xero, you can create and share professional quotes.
One of the most recently added features is the client portal that provides your customers the option to for example, pay their invoices directly online or accept/decline a quote.
You can connect your business bank account with Xero and your expenses will be automatically tracked.
Xero is also an inventory management software. Again, this is particularly advantageous for businesses in sales.
Xero has the option to install add-ons to the main software. Add-ons are additional features that perform particular tasks (for example analytics or project tracking). This way, you can create a customized version of the software and optimize your budget.
You have the ability to try Xero for free, but – at the end of the free trial – if you want to keep on using this software, you’ll need to subscribe to one of the three available plans: