It’s no secret that the majority of small business owners dislike crunching numbers; in part because keeping accurate financial records can be extremely time consuming,  confusing and it may involve expensive, hard-to-use software.  In most programs, double-entry accounting isn’t pretty, it isn’t intuitive, and it’s unforgiving of errors. While products like QuickBooks are relatively low cost and easy, some small businesses can benefit from even more simplicity.  To have that simplicity in the Cloud is even better.   Xero offers both.  It is a hosted Cloud application that makes it possible for a small business owner with little to no accounting experience to easily run their company’s finances.

With Xero, every major accounting function is supported, from creating and modifying a chart of accounts, managing and tracking accounts receivable and payables, payroll and even inventory and fixed-asset management.  The application’s user interface is easy to navigate and does an excellent job of orienting new users by providing a comprehensive walk-through of the high level set up procedures, walking through what information will be needed to get started and indicating where that information should be entered.  Six tabs run across the top of the page, intuitively dividing the functions into the categories of Dashboard, Accounts, Reports, Advisor, Contacts, and Settings. If you get confused, Xero offers free unlimited email support as well as a good FAQ section on the website.

Partnered with a number of major financial service providers like ADP, PayPal, and Bill.com, Xero is an impressively robust and user friendly accounting application that starts at only $19 per month.

For more information on solutions for running your businesses’ technology more efficiently, visit our website or contact Megan Meisner at mmeisner@launchpadonline.com or 813 920 0788 x210.