Xero online accounting 12 Xero tips

Xero is changing and improving all the time. These “headline” tips are just a selection of the reasons why so many businesses are choosing Xero to run their business. If you would like a more detailed factsheet on any aspects of these, or indeed, any other aspects of Xero, please get in touch with us.

Tip 1 – Inventory Items

Speed up creating sales invoices and entering purchase invoices. Run a report and check your prices, margins and stock levels.

Tip 2 – Bank Rules

Set up Bank Rules - this will save you time entering information into Xero.

Tip 3 – Recurring Invoices

Set invoices up to be regularly created and, optionally, emailed out automatically too.

Tip 4 – Tailored reports

Create your own reports to enable you to manage the business more effectively. This can be done within Xero and we can help you if you so wish. In addition, we can provide specific live reports through an add-on partner.

Tip 5 – Download the Mobile App

Use the Xero App to work on the move. Issue invoices, reconcile bank accounts and submit your expenses.

Tip 6 – Add Ons

Connect your data and save time and hassle by using Xero Add-Ons. You can connect business planning, bookkeeping apps, workflow management, time recording, billing and lots more. We can suggest add-ons that we think you may find useful and save you time.

Tip 7 – Files

You can use Xero like a filing cabinet to store documents and organise your business. This means everything you need is in one place:- invoices, expense claims, finance agreements ….whatever you want.

Tip 8 – Budget Manager

Budget Manager enables you to report against your targets and gain valuable insights into your business.

Tip 9 – Fixed Asset Register

The Fixed Asset Register records assets and calculates depreciation, ensuring you have an accurate picture of your profit and loss position. .

Tip 10 – Tracking

Use the Tracking feature to reporting separately on different aspects of your business:- by region, by salesperson, by sector etc.

Tip 11 – Smart Lists

Create targeted customer lists from your accounting data to help you with marketing, sales and customer service.

Tip 12 – Templates

Create your own email and billing templates to send out quotes, invoices and statements. You can add Pay Now buttons to your invoices so that customers can click the link and pay immediately.

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Glover Stanbury Chartered Accountants

30 Bear Street, Barnstaple T 01271 375271

27 Bridgeland Street, Bideford T 01237 471881


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