Xero has an API tool that allows it to talk to other software. This, combined with Xero’s integration with over 800 third party apps makes it incredibly appealing to SMEs everywhere! With its cloud software and the mobile app, it has made it incredibly convenient to automate bills, transactions, and reconciliations – anytime, anywhere. Xero is one of the leading bookkeeping software on the market and is very much targeted toward small businesses. In the last 5 years or so, and with the emergence of online accounting, Bookkeepers have turned to use software, rather than the traditional method of keeping physical books. To make sure your small business continues to be successful, you need to balance your books regularly, otherwise, you might struggle to keep on top of stock, suppliers and even your taxes.Īt the end of your financial year, your bookkeeping efforts should result in a ‘trial balance’ which you will hand over to your accountant.

To run any business smoothly, bookkeeping plays a really essential and invaluable role, as it keeps an accurate track of what your business spends and payments going out, your cash flow and preparing for year-end tax returns – all of which help keep the finances of your enterprise running efficiently. Other bookkeeping tasks you can do in Xero.

Xero accounting software