Accounting is essential for any business as it helps in understanding the business position. In order to practice accounting, a software is required. Businessmen and accounting professionals often get confuse when it’s time to acquire an accounting software because in today’s world there are plenty of options available to choose from. Some businessmen prefer to build an in-house software but that raises the cost. Xero was founded in 2006 by a New Zealand company named Xero. It is a cloud-based accounting software for small to medium sized businesses which is fully equipped with the latest technology. The reason why Xero is number one on our list is because of its interface. We think Xero is the best Cloud Accounting Software and here’s why:
Xero gives a clear overview of accounts payable and cash flow. Due bills are always on top so that you make payments on time
Mobile app lets you run your business anywhere and anytime.
Simple employee claim expenses feature. You can approve, submit and reimburse the claims. Employees can submit their claims via mobile ap
You can connect your bank with Xero and it will automatically update the bank transactions. Unfortunately, this feature is not available in Pakistan. However, you can still add your bank details and transactions manually.
Create your payroll and generate pay slips. You can also add a company logo on pay slips.
When you upload your bank statement, Xero suggest matches for your ease.
Add contacts and then see all the information related to them such as their invoices, bills, emails and payments.
You can attach files as an attachment for better understanding of the transaction