20 Xero Tips and Tricks: All You Need to Know About Them

With Xero, you can create professional-looking invoices and send them to your clients in just a few clicks. You can even customise your invoice to add brand elements, link to payment services, set up invoice reminders, and create multiple invoice templates for different scenarios. Xero’s invoicing capabilities allow you to create and customize an invoice for clients and then accept credit card, debit card or bank transfer payments within the invoice itself. Account holders are able to customize online invoices to add a logo, accept payments instantly through the invoice, set automatic reminders for clients to pay and invoice directly from the Xero app. Xero processes payment through a payment gateway like Stripe, GoCardless and others. Keep in mind that these services charge a fee to process payments (usually around 2.9% plus 25 cents per transaction, though this varies by the payment processor).

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A simple toolbar divides Xero’s features into logically organized menus, and individual working pages are mostly clear. Businesses can integrate their Airwallex account with Xero to further streamline their payroll system. 37% of global businesses reported a lack of integration across their HR systems, in particular, many have their HR and accounting systems stuck in silos.

• If you have more than one organisation in Xero, you can easily switch between them without logging out and logging in again.
• Handling financial audits for clients becomes a hassle when bank statements aren’t available in CSV format for Xero.
• The changes may take some getting used to, but rest assured there has been no change in functionality.

QuickBooks vs Xero: Which one is better for your business?

If you’re a freelancer or solo entrepreneur, Quickbooks Simple Start may be a more cost-effective option as it only costs $26 SGD per month, compared to Xero’s entry-level Starter plan which costs $39 SGD per month. Access Xero features for 30 days, then decide which plan best suits your business. Payments are due by the end of your monthly billing period based on the date you purchased your subscription. You can use the split-screen functionality if you want to work on multiple tasks or view different information in Xero simultaneously.

Three simple ways to transform money management

For example, you can log in to Company A’s file in Firefox and Company B’s file in Safari. You can also set up multiple identities in Google Chrome and open a Xero file in each one. Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take certain actions on our website or click to take an action on their website. This collection of tools, resources, and stories is designed to help and inspire you as you work to make your business beautiful with Xero.

This app lets you connect your Xero account with your Google account and access your Xero data in Google Sheets. You can also schedule automatic updates and refresh xero blog and upload your Xero data in Google Sheets. To switch between organisations, click on your organisation name at the top left corner of your Xero dashboard.

This best bank statement converter extracts data from from financial documents, reducing the hassle of data entry. Report annotations can be used in conjunction with footers, text blocks and schedules to add commentary and life to the numbers. Similar to the older version of our reports, you can click on the ‘add note’ icon next to a cell and start typing. This will help you share explanations with your advisor or accounting and bookkeeping clients, so everyone understands what story the numbers are telling. Soon, you’ll also be able to build your own report pack from scratch by combining the reports you need.

Many users find Xero to be intuitive and user-friendly, making it accessible for individuals without a strong accounting background. The platform offers a comprehensive library of resources, including tutorials, guides, and customer support, to help users navigate the software effectively. Having an accountant can be helpful for tackling more complex bookkeeping tasks like tax planning and improving your invoicing system. Even if you’re using Xero for your bookkeeping, finding the time to handle these tasks can be tough when you are running your own business.

The platform empowers your finance team to handle multiple currencies and manage transactions across various markets more efficiently. By connecting Airwallex with your accounting software, you can gain the ability to have a clear, real-time view of your financial transactions, automating your reconciliation processes. This integration allows for greater accuracy, speed, and control over your business’s financial operations. Sign up for an Airwallex account today for a seamless accounting experience.