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Who's Using Xero?

It’s automated. It makes my life easy.

Investment property owner Debbie Oetgen believes Xero saves her time and allows her to relax, safe in the knowledge that her accounting system is world class. Debbie finds Xero easy to use and intuitive - and says it does the job for her.

Xero – trustworthy and foolproof

Saving time was the motivating factor for Debbie Oetgen to switch her investment properties to Xero. Since moving to Xero, Debbie guesses she spends just a quarter of the time doing the books for her investment properties.

Debbie says Xero is the perfect fit for her and her properties because of the regular nature of the type of payments and invoicing that investment properties incur, for example, annual insurance premiums, bi-annual water rates and weekly rents.

In Xero, Debbie sets these up as repeating transactions, and automatically approves them so they are left awaiting payment. It took just half an hour for Debbie to set up 40 repeating transactions across all her properties in the one company. If Debbie looks into her accounts receivable or accounts payable and sees these transactions are still unpaid, "alarm bells start ringing" and she knows who owes her, or who she owes.

Debbie wanted an accounting system that was more intelligent than the one she was using. With her old system, Debbie had to manually record spend and receive from a hard copy (eg. a bank statement). She still had to enter all her recurring transactions and change the dates herself. Debbie was the only one there to pick up mistakes – the system didn't do it for her. With Xero she now has faith in her accounting system and she can relax knowing that Xero is doing the work for her.

"I can hand the system over to someone else to use now, and I have faith that they will get it right – rather than me having to watch over them. And because it's automated, it's easy."

Debbie set herself up in Xero with no fuss. She can't wait to recommend it to other Property investors, because she knows they will love it too.

Xero is perfect for you if you are always entering in the same transactions for your investment properties. Set up your routine expenses, sit back, relax and let Xero do the work for you.

View the Property Investor's guide to using Xero

Cogs

Get back in control

Using Xero it's easy to start again. Simply upload your previous year's bank statements, retrospectively create your rent schedules, then tick the transactions off. Within a few hours you'll be completely up-to-date and ready for that glass of wine.

Watch: Introduction to Xero

Stay in control

Investment properties’ regular payments and invoices are like clockwork therefore the accounting behind it should be automated too. With Xero’s rent schedules you can immediately see that all rental payments are up to date. Any expenses that hit your bank account are automatically loaded in Xero and you can easily allocate them to the appropriate property.

4x faster

Data entry is not your core business

Too many small businesses waste time on monotonous data entry using broken accounting systems. Your time is precious – why not use it wisely? Do your admin in a quarter of the time, and spend more time drumming up new business and doing what you want to do.

Watch: Automatic bank feeds

Can’t grow. Won’t grow

If you’re serious about growing your investment property portfolio you need a rigorous, visible accounting system that works without you. Automated features such as bank feeds keep your business on top of the books and things ticking along while you sleep.

Tracking

Track individual properties with one click

Xero’s tracking allows investment property owners to track specific performance of properties to see how much they are individually costing and earning. You can use tracking to add another dimension to your reporting by creating your own business-based categories. Tracking is optional, it just offers you another way to derive information from your financial data in Xero.

Smarter, better, faster, cooler

Other accounting systems are less smart – Debbie had to be super vigilant, when working with her old system. Xero allows her to relax more and to have confidence in the system, knowing the numbers are always correct. We’re not re-inventing the wheel here – it’s just a better wheel.