Sync Xero with software you already love or easily find and try new apps designed to save your business time and money at the Xero App Store. Setting up payment reminders and organising your credit control systems can help you to get paid faster. If you are switching from another accounting software, then you can import your chart of accounts into Xero, or modify the default chart of accounts.
Accounting software
You also need to link to any active payment services to your Xero account. These may include services like PayPal, Stripe, or GoCardless. With a larger variety of payment options, it is easier for customers to pay you. Another benefit of regular reconciliation is that you’ll be able to use Xero add-on apps much more easily, as your data will be up-to-date. Just a few minutes a week spent approving pre-matched items ensures your data is up to date. As Xero is connected to your bank, transactions are pulled through automatically.
More about the Xero dashboard
Get the most out of Xero with access to our record of payment definition team of onboarding specialists during your first 90 days.
Xero remembers the last time you categorised a transaction, so you can simply click ‘OK’ if you want it to go to the same category. Get a clear, up-to-date picture of the money in your bank accounts, credit card and PayPal accounts. Using Xero’s wide range of apps and add ons is a great way to streamline repetitive processes and save yourself some time. If you are transferring payroll from another system in the middle of the financial year – don’t forget to add the opening balances. The payroll overview is a comprehensive guide to take you through each step of the setup. The functionality of your Xero dashboard won’t change, but there are some small tweaks to the design that may take some getting used to.
The new version is designed to give you a consistent experience across Xero, while also improving speed and accessibility. Here’s an overview of the changes you can expect to see soon. Keep your practice a step ahead with Xero accounting software. Access Xero features for 30 days, then decide which plan best suits your business. Once you’ve set up things like bank feeds and invoices, the dashboard charts and graphs will show that information. You can adjust what displays so you see what’s most important to you.
- If you’re new to Xero, then this guide to getting started should help you quickly get up and running.
- With a clear picture of your cash comes the ability to make better business decisions and avoid falling behind on outstanding payments.
- You should reconcile weekly, if not daily, to ensure that your accounts are as accurate as possible.
- The new version is designed to give you a consistent experience across Xero, while also improving speed and accessibility.
- It’s all part of our work to upgrade the technology that underpins our platform, so it doesn’t slow us down over time.
Nailing down your terms of payment can help you to improve your cash flow. Having shorter payment terms can help you to get paid earlier. We’ve had a really positive response from customers who have tested the new dashboard as part of our design research panel. In the months ahead, you may notice that your Xero dashboard looks a little different. It’s all part of our work to upgrade the technology that underpins our platform, so it doesn’t slow us down over time. Easy-to-use accounting software, designed for your small business.
Float is one of the highest-rated Xero apps available on the marketplace. It is an award-winning cash flow forecasting tool that creates accurate and visual reports for you, and your business. Float pulls through the bills and invoices from your accounting software, using them to populate your forecast on a rolling-basis. Float’s integration with Xero means no more manual data entry, and an always up-to-date and accurate forecast. Only set up payment reminders when you get into the habit of reconciling receipts daily. Chasing payment from customers that have already paid can tarnish your reputation.
Why Do Small Businesses Use Float?
The online accounting dashboard gives you the tools to proactively follow up on outstanding invoices. Finally, if you work with one, ask your accountant to check your set up. They may need to add year-end conversion balances and can ensure that your year-to-date figures are as expected.
Regularly updated invoices give you a clearer picture of cash flow. With a clear picture of your cash comes the ability to make better business decisions and avoid falling behind on outstanding payments. If you have an accountant, you can seek their help with this decision. However, if you are your own bookkeeper then we recommend using Xero’s default chart of accounts. You can add, customise, or delete these accounts to match the needs of your business. Spend less time chasing, and get paid up to twice as fast.