Get a snapshot of cash coming in, going out, and bills that are due, to gain insights into business cash flow. Keep an eye on your finances day by day using the accounting dashboard. Xero offers apps with a wide range of functionalities from cash flow forecasting, to document management, and many more. The Xero app marketplace is the best way to explore your options.
Capture data automatically
Initially, when you’ve input some data, look at your Balance Sheet, Profit And Loss, Aged Receivables, and Aged Payables. You should reconcile weekly, if not daily, to ensure that your accounts are as accurate as possible. The first step to learning how Xero works is to watch the ‘Xero Dashboard’ video, which can be found in the top left corner of your Xero dashboard. Select whether you’re a small business, or a partner, to find out how you can earn. An accountant or bookkeeper can be useful set of hands to modified accrual governmental reporting overview help with the accounting heavy lifting. This function allows you to keep payroll costs in one place rather than having to pull in information from a separate system.
You can come back to this step once daily reconciliation is part of your routine. Xero is an online accounting software designed for small businesses. If you’re new to Xero, then this guide to getting started should help you quickly get up and running.
- Xero is an online accounting software designed for small businesses.
- Select whether you’re a small business, or a partner, to find out how you can earn.
- Get a clear, up-to-date picture of the money in your bank accounts, credit card and PayPal accounts.
- Keep your practice a step ahead with Xero accounting software.
- Setting up payment reminders and organising your credit control systems can help you to get paid faster.
- Keep an eye on your finances day by day using the accounting dashboard.
Learn basic reports
Nailing down your terms of payment can help you to improve your cash flow. Having shorter payment terms can help you to get paid earlier. We’ve had a really positive response from customers who have tested the new dashboard as part of our design research panel. In the months ahead, you may notice that your Xero dashboard looks a little different. It’s all part of our work to upgrade the technology that underpins our platform, so it doesn’t slow us down over time. Easy-to-use accounting software, designed for your small business.
Automated features to save you time
If you have a limited company, ensure that you have a registration number and registered office address. This information needs to be displayed on any invoices you issue. All pricing plans cover the accounting essentials, with room to grow.
The online accounting dashboard gives you the tools to proactively follow up on outstanding invoices. Finally, if you work with one, ask your accountant to check your set up. They may need to add year-end conversion balances and can ensure that your year-to-date figures are as expected.
Get the most out of Xero with access to our team of onboarding specialists during your first 90 days.
