NZMac.com just published a glowing review of Xero, but I wanted to pick up on some quotes that really resonated with me…
No-one likes doing the books, partly because it’s scary, but mainly because it’s, well, boring. Until now
The easier it is to keep on top of the accounts, the easier you’ll understand your business, and the better control you’ll have of the finances. So many small businesses go under because the owners just don’t know what’s going on at the bank, because they don’t crunch the numbers. Xero can’t work miracles, but if it makes it more enjoyable doing the books, then you’ll do them, and not put it off till next week.
Xero will make you want to use it.
When we founded Xero my main motivation for doing it was that I hated doing accounting, with a passion. Unfortunately there’s no getting around accounting, so I wanted to design a tool that would make it a pleasure, rather than a pain. Business is fun! Money is fun! Accounting…ugh.
Here’s another recent review from a property management perspective that gives Xero really good marks as an accounting system, although we lose points for not being a property management tool, “it’s slick and easy to use, but it’s an accounting package, not a full property management package”. Fair enough. For many property investors, Xero may be all they need to manager their properties. But it’s definitely not a property management system. Therein lies the opportunity. With the Xero Network, we’re working on integrating with property management systems so that we can provide a solution that will do everything a property manager needs.
Seeing people understand and appreciate what we’re doing with Xero is extremely gratifying.