Are you a small business owner, with very little accounting experience? Or perhaps you run a larger company and you have extensive knowledge of financial management?
Whatever the case,
Besides automating essential business operations, tracking income and expenses and providing access to real-time financial reports remotely, Xero offers business owners a major advantage when it comes to boosting profits, utilising key insights, and efficient time management.
Read on to find out how you can use Xero to rocket-launch your bottom line!
Gain More Insights
Are you currently using data analytics to improve your products or services, and better understand the needs of your customers?
If yes, you will certainly understand the power of analytics for boosting your sales. If not, you are missing out BIG time!
Xero accounting software can assist with the following:
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- Identifying the top buying habits of your target market
- Providing detailed insights on your best selling products
- Highlighting your biggest spenders
- Enhancing customer data
- Perfecting your sales strategies
- Optimising inventory tracking
- Identifying which of your services or products aren’t selling
Improve Customer Care
If two companies offer identical services at similar prices, what makes you choose one over the other? Personal touch.
By that I mean the business that remembers your birthday, offers you personalised discounts for loyalty and adds valuable suggestions based on your preferences.
Savvy business owners use Xero to enhance customer care by streamlining the process of following up with customers and seeking out new prospects.
With a record of your customers’ purchase history, birthdays, milestones and preferences at your fingertips – your business will earn a reputation for highly-personalised service and incredible customer care.
For example, when a customer calls with a question, you will easily be able to offer valuable personalised advice and recommendations regarding products, services or orders.
Upselling will be a breeze, and you will surely stand out from your competitors.
Read more: 3 Easy Ways To Access GoDaddy Email Webmail Login 2021
Save Time
How can an online accounting software like Xero, save you time and money?
- By automating processes such as invoicing and payroll, especially if you have a number of employees.
- By optimising the way you track expenses.
- By giving you access to real-time financial reports no matter where you are, so you can manage cash flow efficiently and make informed business decisions.
- By using detailed insights to fine-tune your sales strategies and make more profitable purchasing decisions.
- By having everything all in one program – inventory management, bookkeeping, invoicing and more – to avoid errors and drastically improve efficiency.
But why can’t you just use a free program like Excel for your business needs? After all, you’ll be saving money, right?
Not necessarily! In fact, ‘free’ will most likely end up costing you money and plenty of time.
The chance of making an error is high, business processes aren’t automated, you will need to use other software for doing things like invoicing, and you might need to hire a bookkeeper to help out at the end of the financial year.
Other Incredible Features
Xero offers several extremely useful features to make operating your business a breeze:
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- Track and pay bills: Ensure you always pay on time, schedule payments, store everything in one place
- Manage expenses: Claim expenses on the go, track employee spending
- Link your bank: Integrate your bank to the software, stay on top of transactions, access your bank feed securely
- Receive payments easily: Get paid directly from your online invoices, safely accept global card and direct debit payments, link to payment solutions like Paypal
- Track projects and jobs: Invoice, quote and get paid for jobs while also keeping track of profitability and costs.
- Bank reconciliation: Your financials will be updated daily.
- Capture data: Automated data capturing, without manual data entry.
- File storage: Store, manage and share your documents, contracts, bills, receipts and more all from one place.
- Inventory management: Keep track of your stock and view insights of what is selling and what is not.
- And a lot more!
To Wrap It Up
If you’re still not convinced of the endless benefits, Xero even offers customers a 30-day free trial with 24/7 customer support that you can cancel at any time. You’ve got nothing to lose!
Read more about Xero bookkeepers here if you’re looking for the best financial management solution to grow your business.
