Xero Tips- You Need To Know

If you want to get the most out of your Xero, here are some tips that will surely help you and your business.

INVENTORY ITEMS:

Get the most out of Inventory Items. This can help you in in creating a sales invoices and entering purchase invoices. You can also run a report and check the margins, prices, and stock levels here.

BANK RULES;

Before entering any information in Xero, make sure that you have the Bank Rules set-up before hand to help save time.

RECURRING INVOICES;

Set invoices automatically create.

TAILORED REPORTS;

Create your own reports to manage your business more effectively.

XERO APP;

use the Xero app, to maximize downtime and to issue invoice OR reconcile bank items, .

BUDGET MANAGER;

This can enable you to report against your gain valuable insights and targets into your business.

SMART LISTS;

Create a targeted customer lists from your client data. This can help you with sales, marketing, and customer service.

FIXED ASSET REGISTER;

Create accurate reports by setting up and using the Fixed Asset Register.

TRACKING;

The tracking feature can be used if your business finances are reported separately on different aspects of your business IE two businesses under the one ABN.

FILES;

You can organize your business and store documentsas you would if wold a file cabinet, Xero can allow you to safeguard any important information and allow you to store all files in one place.

If you want to know more on how you can integrate Xero into your business, give Blue Orchid Accounting a call so we can discuss what the benefits are for you. Xero is useful for any business, even for start-up ones.

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