- May 20, 2014
- Posted by: Rayvat Accounting
- Category: Finance
Xero is an online bookkeeping and accounting software, headquartered in New zealand. Xero allows its customers to log into their account anytime, anywhere; be it Mac, Windows, iPhone or Android. With a developer team of over 600 professionals, Xero knows how to get the service just right. Also, a range of 300+ add-ons provides a great scope for choice to the clients. The single ledger is a common platform where all accounts and businesses work in smooth collaboration.
Some of the popular add-ons are Receipt Bank, Work Flow Max, and Unleashed; among others. Receipt bank converts paper receipts and invoices into Xero data. Work Flow Max pushes sales & purchase invoices, tracking information and contacts into Xero.
Xero has attracted investors now and then, with a network of trust built among its clients. With investments from Peter Thiel, co-founder of PayPal; and Matrix Capital, another investor based in the States; XERO has proved it standing in the investors market too.
The client has myriad tools at hand that ease the process of accounting and bookkeeping beyond imagination. Xero has over 200,000 paying customers worldwide in over 100 countries.
The key Features of Xero include automatic bank and credit card account feeds, invoicing, accounts payable, management reporting; among myriad others. Xero can automatically import bank and credit card statements. It offers customers the benefit of integrating external applications with a free API. Xero supports multiple tax rates and currencies and incorporates a feature for users in the Australian and United States markets, wherein they can manage their payrolls.
It follows the concept of a unified single ledger where all data is stored in the cloud, allowing users to work in the same set of books regardless of location or operating system.
The most distinguished feature of Xero is the cloud that gives it the required technology and freedom to develop its services and the Ideal Accounting Solution. Also, with its unified platform and over 300 add-on services, it has been successful in attracting a large clientele worldwide.