Serious number crunching
At the heart of Xero is a full accrual accounting system which automates and simplifies your day-to-day bookkeeping. Your accountant will need to know what Xero can do, here's what to tell them.
- Double-entry general ledger
- Cashbook
- Access to manual journals
- Annual and management reporting
- Sales tax calculations with full audit reports
- Budget Variance
- Plus the standard functions: Bank Reconciliations, Accounts Receivable, Accounts Payable and Expense Claims.
- Collaborate with your trusted advisers
Designed to facilitate better collaboration between you and your advisers. With Xero your accountant can log in and view your accounts, providing valuable real-time advice.
- Budget Variance
Xero lets you see your budget variance. This shows the budget you have prepared using Xero’s Budget Manager, and compares it to the actual spending recorded in Xero against each account.
- Double-entry general ledger
Xero is a double-entry accounting system, which automates general ledger transactions.
- Annual Reports
Your adviser can enter and view your organisations’ annual reporting. This includes an Accountant’s Statement, Director’s Statement, Notes to the Financial Statements and Minutes for AGM.
- Management Reports
See a management overview that shows Cash, Profitability, Budget Variance and Balance Sheet items, as well as Aged Payables and Aged Receivables.
- Integrated Fixed Assets
Xero is the first accounting system of its kind to integrate fixed assets into a single application used by both the accountant and business owner. Accountants using Xero have direct access to all the client’s accounting data, so you can find or edit anything. When depreciations are posted they appear instantly in the client's general ledger. You no longer need to import and export files between different systems or wrangle spreadsheets.
- View all historical transactions
From the day you start entering transactions into Xero, every entry remains available for you or your advisers to view and report on.
Create entries directly in your general ledger by posting manual journals. Enter amounts excluding sales tax – this will be calculated for you based on the tax rate chosen for the journal line item being created.
An easy to use cashbook – Xero gives you a clear view of money coming in and money going out.
