Xero is one of the leading accounting software for small businesses with more than 700,000 Aussie customers – it’s no wonder our Xero courses remain some of our most popular!
Xero didn’t fare too badly last year, all things considering, increasing their total subscribers by 20% and their net profit by NZ$16.4 million.
But as we rolled into 2022 Xero’s share prices took a hit, and with worries about higher inflation, what will this mean for Xero?
Xero has added yet another company to its ever-growing list of integrations. In the same country where they bought Hubdoc, Xero has acquired Canadian tax preparation software TaxCycle.
It marks a further expansion for Xero into the Canadian market, given the 4000 tax firms and 16,000 individual accountants that use TaxCycle.
Here’s what the TaxCycle acquisition looks like for Xero:
With so many integrations, Xero has become a leading software for small business accounting. From ecommerce add-ons to payroll and workforce management software, there is a Xero integration for most aspects of business management and administration. It’s little wonder that Xero Courses are becoming so popular.
And credit management is no exception. Chaser HQ is a credit management app that promotes its ability to automate the whole process: from credit checks to chasing up invoices. It’s a UK-based company, but its integration with Xero could see it being used more and more by accounting staff globally, including Australia.
As smart devices and cloud-based apps have become more popular, I’ve started to see more and more tradies using their iPhones and iPads to handle their paperwork, a task traditionally left to the wee hours of the evening – or to their wives and partners!
Now, with cloud-based accounting software like Xero and a number of other great mobile apps, tradies can quote, invoice, and even take payments for work right from their smart phones and tablet devices.
Streamlined business processes with cloud accounting
I met Ken Burrows from Love My Home Theatre, a home theatre installation, TV installation and plasma wall mounting business based in Sydney recently, when he was installing a new home theatre system for some friends, and I was taken with how streamlined his entire business processes were.
Everything – from the quote through to payment – is performed entirely online, using a couple of different apps, including Xero which is used to maintain the business’s accounts. In the video you can Watch Ken talk about how he uses cloud-based apps in his business to streamline his business processes, and make him more efficient and I think it helps 1 business owner do the work of more than 1 person – perhaps he can use more people in marketing..
EzyLearn offers a number of cloud accounting training courses, including our flagship MYOB training course, as well as training courses in Xero and Reach Accounting.
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Many accountants and businesses now use Xero instead of MYOB.
In our last post we talked about the developments that have occurred over the last few years in the accounting software space; one of which was the introduction of Xero to the marketplace. Since then, a huge number of accountants and businesses have switched to Xero.
Xero has quickly gained momentum in the accounting software space, and while it’s important for bookkeepers to be skilled in MYOB, it’s becoming increasingly important that they’re also skilled in Xero as well. Continue reading Setting Up Automatic Bank Feeds In Xero
Xero may not have toppled MYOB’s crown, but they’ve forced them to remain relevant.
We’ve been offering MYOB training courses for a very long time and that’s largely because they have long been the market leader in accounting software.
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Xero is a great bookkeeping program for tradies who are on the go and using their phones (or a tablet) all the time. From receipts scanning to creating quotes and invoices, receiving payments and keeping track of project costs.
bookkeepercourse.com.au/produ…
