Xero

Xero is an online accounting software that makes it easy for bookkeepers, small businesses, and accountants to manage and track finances in one place.

With Xero, you can send invoices to your customers. It makes it easy to create an invoice template you can reuse. Simply add your customer details and the prices and Xero will send an online version of the invoice.

A built-in time-tracking app helps you measure the time you spend on client projects. This comes in handy if you bill clients by time. You can also use it to monitor employee activity. Xero can also automatically calculate sales tax and add it to the invoice.

Xero integrates with Stripe so that you can directly accept payments from the invoice. If customers don’t pay on time, Xero will send timely reminders.

No more losing track of contractor or employee invoices. Xero provides an overview of unpaid bills and expenses to ensure you send payments on time. You can schedule payments to ensure you don’t miss a deadline and build a better relationship with your employees and contractors. There’s a Gusto integration that helps you manage Payroll.

Xero tracks your income and expenses and provides you with essential financial metrics such as overall profit/loss, profit margin, and cash flow. You can also connect your bank, Stripe, PayPal, and TransferWise accounts to Xero to keep track of the money coming in and flowing out.

Small businesses can also add accountants as users to allow them use the data from the financial dashboard for accurate tax calculation.

Xero also offers integrations with software such as Hubspot CRM, Mailchimp, Hubdoc, and Shopify.

Key features

• Send quotes and invoices to clients
• Accept payments directly with Stripe and PayPal
• Track time you spend on projects
• Track expenses and bills
• Connect your bank account and track cash flow