LedgerLive is a free credit control tool from Funding Options, who are deploying a suite of tools designed to help firms grow revenue, get paid faster, and access finance. LedgerLive allows UK Xero users manage their cash flow and avoid bad debts. LedgerLive lets you see which customers pay the fastest (and slowest), and its synchronisation with the Red Flag Alert database gives you an insight into your debtor’s credit rating and how quickly they pay their other suppliers.
Who is it for?
LedgerLive is useful for any business with debtors in Xero. The LedgerLive application also allows a user to access multiple companies, just like Xero, so it is great for Xero accounting partners that want to assist their clients with the management of the debtors ledger.
How LedgerLive works with Xero
LedgerLive connects to Xero to import customers and invoices, so you have a complete picture of your debtors. LedgerLive syncs daily with your Xero accounting data to keep up to date.
Where you can use LedgerLive
LedgerLive is available for UK customers only (they will be evaluating other countries in 2013), and you will need to be using a version of Xero that utilises invoicing.
Check it out
LedgerLive is completely free, so no excuse to not try it out today!