UK accounting partner Pearson & Associates have a small business client whose bank manager has stopped charging her unnecessary fees because Xero is so good!
Adrian Pearson tells the story in his blog post and explains that because the management reports produced by Xero were so up to date and detailed, their client’s bank manager has cancelled the monthly account ‘management’ fee. This Xero user is now £50 a month better off and we all think its a great result.
The bank manager in question could not justify the management fee being charged as all the financial information he had been calculating is now worked out by Xero. He waived the fee on the spot when he saw the management reports from Xero!