Learn About the Use of Xero Accounting Software in India Today and Start Automating Your Finances on the Cloud
A business has many dimensions needing maintenance. So, how do you go about it? You can always conventionally hire a team of people to manage certain parts of your company such as accounting, invoice issuance and bookkeeping. Still, it is often not very cost-effective, fast, and it comes with its own hosts of human resource management issues. Hence, more and more people are currently considering cloud accounting as a viable alternative. The use of Xero Accounting Software in India has demonstrated many welcoming features!
What is Cloud Accounting?
Simply put, cloud accounting is accounting that is managed, stored and automated in a manner that is internet-based. It does not rely on any single physical platform, but rather in a network. Unlike the usual paper-and-pen approach, everything accounting can be done online, and changes can be seen in real-time. With a simple log-in, you can instantly view your accounting information, add information and make amendments on the go.
Why Use Cloud Accounting?
Given its online nature, it can be very accessible to both you and your team, not having to have your accounting management confined within the walls of the office. All you need to do is to log-in from your preferred device, and you can make changes on the go. With the flick of a few settings, the software can be set to calculate cash flow the way you want it, have it stored or exported. This approach to accounting is faster, requires less workforce and reduces the need for certain repetitive bookkeeping tasks. This software is also rich in features and can contain applications that can further help you in managing your accounting needs and beyond.
How Accounting was made easy by Xero Accounting Software in India:
- Online Accounting
Everything accounting is done online, and changes can be immediately applicable without having to wait. It is also accessible from your desktop, laptop, smartphone and tablet PC. Not limiting you to where you are as you can always get things done on the cloud.
Invoicing can be sent online, and payments can be received instantly via credit card or Paypal. Select from a series of professional invoice templates or create your very own invoice. You can also set recurring invoices as well as automated invoice reminders in the future to save time.
The Xero app is available on mobile devices, and you can add receipts, send invoices and reconcile with the bank, all of it at the tip of your fingers.
- Schedule Payments
You can now schedule payments, bundle bills together, get an overview of your bills and outstanding, and store all your bills in one location. You can even set certain bills to repeat, not requiring a business admin to tend to it.
- Data Security
Xero Accounting Software is secure and protected by multiple layers of added security. The software also automatically backs up information.
- Bank Reconciliation
The automatic transaction with the bank is supported. Simply connect your bank account, credit card or Paypal, and you can start reconciling transactions in a click of a button. The software also includes multi-currency support, being able to combine with exchange rates on an hourly basis.
The software tracks stock quantities, values as well as other information about your product. You can know which product sells best and how many of them you have on-hand as well as making attractive quotations.
Xero Accounting Software allows you to summarise and export your business progress in PDF, Microsoft Excel or Google Docs. Use the information to guide your next step and customise it to your preference.
How Can You Do the Same?
Accounting needs are essential in every India company, and the need to manage it well necessitates better solutions. This is why Xero Accounting Software in India, has garnered so much attention within the business community. Xero Accounting Software comes with a 30-day free trial as well starter, standard, and premium plans to cater to your specific business needs. Consult 3E Accounting India today and find out how you can get started on your Xero Accounting Software today!