Xero is an award winning online accounting system that puts small business owners back in control. Xero gives small business and their advisors easy access to bank transactions, invoices, reports - anytime and anywhere. It not only enables business owners to access their accounts in real time, at any time and from anywhere around the world. This software is available on Internet access via your smartphones, tablets and other mobile technologies.
With the help of bank feeds, we can get better visibility of the cashflow with real time data. We do not need to install any software or keep backups because it is done automatically.
Cloud accounting is the most secure way to store information. For example, if your laptop gets stolen then no once can access your data because it is not stored on hard drive. Also, In the event of natural disaster, business productivity is not affected because of no downtime, if you have access to internet.
Good thing about Xero is that they offer free trail to the customers so that they can have a look and feel free to try new things on it.
Businesses pay monthly subscription to Xero. As of March 2014, Xero monthly plans starts from $25 and goes up to $80. Most popular plan is worth $60m, where 10GB storage is applicable and function like bank feeds, bank transactions reconciliation, invoices, bills, auto superannuation and multi currency is available
Moving across to Xero is fairly easy. Refer HS Bookkeeping Service to read more about bookkeeping softwares.