While many company owners are proficient with Xero, some customers find themselves baffled by how to get the most out of the software. We are here to help you make the most of your account, whether you are brand-new to Xero or an experienced user looking for some more advice.
A tool is only as good as the accountant using it, thus it might be difficult for business owners to maximise their account’s potential without our support. But do not worry, we Xero accounting specialists are here to help and advise you on how to make the most of the cloud accounting platform. We understand that, particularly if you’re new to the program, the sheer number of Xero features might be a little intimidating. To ensure you make the most of it, we have divided it up into some of the most helpful sections. Let’s began to understand how to use Xero!
Understand the Dashboard and Customise it
The Xero dashboard is the hub of activity, therefore it’s critical that you know how to use Xero properly. It gives you an overview of your company and makes it possible for you to be informed about daily financial developments. You can do everything from checking your bank balances to monitoring your cash flow to tracking down overdue invoices from the dashboard.
It’s time to start customising your dashboard once you have mastered the panel setup and entered your important business data. You can view the data that matters most to you and your company thanks to this. To personalise your dashboard, just click “Edit Dashboard” in the upper right corner. The panels can then be added, removed, or moved to the desired place to help you explore your account more quickly and arrange it to best fit your needs.
Create repeat invoices:
For companies that get recurring payments on a regular basis, creating a repeat invoice is a terrific method to save time and effort. This application minimises the chance that you will forget to send an invoice that needs to be paid by automating the invoice process and assisting you in staying on top of your payments. It facilitates financial streamlining and enhances your understanding of your projected cash flow.
Setup email chasers:
There’s nothing more tiresome for entrepreneurs than following up on past-due invoice payments. In any case, Xero’s automated payment chaser feature helps reduce some of the anxiety. When a client’s invoice is past late, you can schedule an email to be sent to them as a gentle reminder that you must be paid.
Create Brand Awareness:
To have an influence as a business owner, you need to have a strong brand. It is not necessary for your bills to deviate from the rest of your content when it comes to your branding. Make your own branded Xero invoices rather than distributing generic ones. To give your firm a more polished appearance, add your logo and design a unique theme to send to suppliers and clients.
Collaborate with Right People:
To have an influence as a business owner, you need to have a strong brand. It is not necessary for your bills to deviate from the rest of your content when it comes to your branding. Make your own branded Xero invoices rather than distributing generic ones. To give your firm a more polished appearance, add your logo and design a unique theme to send to suppliers and clients.
Demo Company Feature:
The demo company feature is ideal for you if you want to experiment with some of Xero’s features without using the data from your real firm. This helps you learn how to use Xero and determine whether it works for your business without requiring you to enter your real business details and data. It only requires a Xero login to get started and gives you fake data to utilise.
Use find and recode feature:
Bulk updating and searching of transactions and data is possible in Xero using the Find and Recode tool. By doing this, you may quickly and easily make significant changes to your financial data, ensuring that your records are always accurate and error-free. Big accounting responsibilities, though, come along with big financial power. This tool is best left for your Xero accountant to use because it has the potential to significantly alter the financial statistics for your firm.
Lock dates feature:
It’s important to check your financial records are accurate come tax season. Lock dates: This feature prevents transactions from being entered or altered during the specified time period, helping you to prevent unintentional modifications to your financial data. For making sure your finances are accurate while creating reports, this tool is quite helpful.
That brings us to only a handful of Xero’s almost limitless useful features. Always keep in mind that these are just the beginning of Xero’s potential. It truly is the best accounting software available, and there are a ton of additional options to discover. Xero seamlessly interfaces with a multitude of other programs, too.
Conclusion:
When a user needs to Skype a contact, Xero offers click-to-call functionality. This might be a useful feature for Skype users who use it frequently. With Xero’s mobile review and approval feature, personal spending is easily managed.
In addition, Xero provides limitless user assistance and interfaces with other platforms, including ADP, Bill.com, and Vend. There is a 30-day free trial period available for the solution to test its features and assess its performance. You now have a fundamental understanding of how to utilise Xero for small businesses, which is your company.
Disclaimer: Kindly note this blog provides general information and should not be considered financial advice. We recommend consulting a qualified financial advisor for personalised guidance. We are not responsible for any actions taken based on this content.
