XERO

Xero is a cloud-based accounting software product that lets small-business owners manage their finances from anywhere and integrate with more than 1,000 apps. It's less expensive than competitors like QuickBooks Online and doesn't charge extra for additional users, making it an affordable option for growing businesses.

Xero payroll software comes with all the standard types of leave set up – plus, you can set up rostered days off and time in lieu. Once employee hours are entered into timesheets, pay is automatically calculated. The time that's entered on project tasks also flows into payroll timesheets.

Accounting service Xero has very good tools for reconciling accounts, tracking projects, and managing sales and purchase transactions. Recent improvements to its setup process and new business overviews solidify it as an excellent choice for small businesses.

Features of XERO:

Management of Master data

Organize specific data in a user-friendly interface to simplify purchase operations. While keeping detailed item purchasing information with price lists and tax information, you may view your account balance and purchase analyses.

Reporting

Whether you're using a desktop or a mobile device, develop integrated reports with real-time data and show them in a variety of report formats or dashboards to get a general picture of what matters most to your organization.

Receipts to be made

Reduce costs and improve the connectivity in your supply chain. Apply a purchase order reference to process credit notes, cancellations, and invoices for accounts payable; estimate your material requirements, and arrange your purchases accordingly.

Track projects

Keep track of your tasks and be paid for them. Additionally, use project and job tracker tools to maintain tabs on expenses and profitability.

Bank reconciliation

Keep your finances current. Utilizing recommended matches, classify and reconcile bank account transactions every day.