What are the main functions of Xero?

1. Invoicing:

Create customizable invoices and quotes.

Send invoices via email and track payment status.

2. Expense Management:

Capture and categorize expenses with ease.

Upload receipts using the mobile app.

2. Bank Reconciliation:

Automatically import and categorize bank transactions.

Use bank feeds to simplify reconciliation.

3. Financial Reporting:

Generate real-time financial reports, including profit and loss statements, balance sheets, and cash flow reports.

Customize reports to suit your business needs.

4. Inventory Management:

Track stock levels and manage inventory directly within Xero.

Create purchase orders and manage supplier information.

5. Payroll:

Manage employee payroll and superannuation.

Generate payslips and track employee leave.

6. Multi-Currency Support:

Handle transactions in multiple currencies with real-time exchange rates.

7. Mobile Access:

Access your accounts from anywhere using the Xero mobile app.

Perform tasks like invoicing, expense tracking, and bank reconciliation on the go.

8. Integrations:

Connect with hundreds of third-party applications, including CRM, e-commerce, and payment processing tools.

Integration with payment platforms like Stripe and PayPal for easier payments.

At YS Accounting, we specialize in assisting businesses with their Xero Setup, Our team is Xero certified and experienced in ensuring accurate process. Please feel free to schedule an appointment with us on our website at www.taxbne.com.au/. We look forward to providing you with the support you need.