The biggest concerns facing the world right now are centred around the advancement of AI and Machine Learning and how it will affect our businesses. The key thing to take away from any conversation around Ai is that it is designed to aid our work, not make our work redundant. Technology is designed to augment the tasks that you do every day to make your life easier until you get to a point where you wonder how you ever achieved it without it. Where Xero has perfected this has been in the field of sales invoice processing – not eliminating the job as a whole.
Xero is designed towards a common problem – small businesses struggling to get account codes right. It is ideal because accountants and bookkeepers spend a lot of time recording transactions – and that time is money.
Whilst many business owners went down the route of buying off-the-shelf solutions that were not built to deal with the complexities of accounting, the machine learning technology developed by Xero was able to take those complex areas and deliver a solution directly helping users of it since day one.
How It Works
Small businesses are benefitting from Xero by having instant visibility of their financial position and managing the entire accounting process alongside their bookkeeping services.
This includes bookkeeping basics to accepting online payments, paying bills, submitting your VAT returns online and even automating your accounting. In short, XEro was developed to help you run a healthy business – not take over your business.
As a cloud-based solution, Xero has features and integrations suitable for multiple types of businesses and sectors, making life simpler for small business owners desperately in need of spending more time growing the company. Xero can also be catered to your specific business requirements, providing a connection to your bank, payment services, accountant and over 700 third-party apps.
Benefits That Every Business Owner Needs
Every small business owners want those little things that make working life so much easier. Xero is a solution that certainly caters towards them all.
Late payments are the bane of existence for a small business owner, with 30% of invoices not settled on time in the UK alone each year. 1 in 5 insolvencies is attributed to late payments for small businesses. Xero can help receive payment twice as fast by connecting you to online payment platforms, allowing for a pay now button on your online invoices and emails – even going as far as notifying you when the invoice is opened.
Xero is not about running your company, it is about helping you to run your company. Contact the team at Pebbles Bookkeeping today for Xero training in sales invoice processing and bookkeeping services in Manchester.