![]() Moreover, quotes that have been accepted and fulfilled can be converted into invoices, thus saving you time that you can use to focus on other urgent matters. ![]() You can also create online quotes and estimates using existing templates or by customizing your own. All reimbursement claims can be easily approved from your end, thus making the process faster.īeyond basic accounting functions, Xero also allows you to manage your inventory, as well as create and send purchase orders on the go. ![]() The reimbursement process is made easier with the help of Xero’s powerful data capture feature that automatically extracts information from photos of receipts uploaded to the platform. Xero also functions as an expense management solution to help you keep track of your or your employees’ expenses. Xero’s accounts payable feature not only gives you a detailed view of your upcoming bills but also helps you prioritize which bills should be paid first. With Xero, you have your own accounts payable tools accessible from any device. As an award-winning accounting platform, Xero combines functionality, usability, and budget-friendliness to accommodate the needs of small- and medium-sized enterprises, as well as independent professionals from the startup stage and as they grow.Ī powerful accounting solution, Xero offers robust features that allow you to automate various tasks, such as invoicing, reconciling bank transactions, reporting, calculating sales tax on various transactions, and more. Xero is one of the leading cloud-based accounting solutions designed for SMBs as well as for accountants and bookkeepers. But aside from getting help from professionals, small businesses can also benefit from having the right accounting tools that fit their needs and their budget. According to a survey that looked into the impact of the pandemic on small businesses, owners and operators of SMBs in struggling industries need guidance when it comes to navigating through their finances. The growth of businesses and freelancers in these industries amid a global crisis can be attributed to the rise in the demand for their services.
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