Finance, being an essential part of anyone’s life and business has attained the highest priority in making one’s life better than before. Be it a real estate business or share market, finance has its own aura and eminence.
As food is to a human being, so is accounting to finance. No matter how wealthy you and your business is, you won’t be able to reap the most out of it until you get it managed through the right accounting services.
And to let you have the liberty of keeping a hawk eye on your profit and loss, savvy mediums like- Xero accounting software are always there.
Wondering what Xero is?
Well, Xero is a New-Zealand based accounting software company that has developed highly preferred accounting software for both small and medium scale organizations. After every certain time duration, Xero comes up with yet another wonderful update of this cloud-based software to help accountants reap the maximum benefits out of it.
Unearthed in New Zealand, the company has multiple successfully running branches in-
- United Kingdom
- The United States
One of the biggest achievements of Xero is that it has been listed as the best accounting software on the ‘New Zealand Exchange’ and ‘Australian Securities Exchange’ market.
As per an informative analysis, Xero accounting software is been used by more than 180 countries throughout the world.
What’s the history of Xero?
Rod Drury- Proud owner o Xero established it officially in the year 2006 in Willington, New Zealand. His collaboration with his own personal accountant made it a successful attempt to come up with an innovative concept and such profitable software that has been used by millions of accountants at present.
Initially, they developed ordinary desktop accounting software but with the impact of cloud technology, they upgraded it to cloud-based software which has made it get easy access to it being in any corner of the world.
In 2008, Xero was recognized by Australian stock market & the United Kingdom. After establishing itself successfully in the same, further, the United States market also accepted Xero in 2011 on an official note.
About the accounting software-
Right from making balance sheet to ledgers, this software can help you perform any accounting activity. The other functions which can be done quickly on it includes-
- Making invoices
- Maintaining accounts payable
- Calculating expenses claim and fixed asset depreciation
- Keeping a record of purchase orders
- Making accounting reports on annual and monthly basis
- Bank credit and debit feeds
Apart from all these features, the biggest highlight of this accounting application is its offering a free API (application programming interface) which helps every user to enjoy a 3rd party software vendors interface. With this, getting a better idea of accounting sheet becomes much easier. Xero has many companies in their portfolio:
Rather than catering to your accounting necessities, Xero has left everyone amazed with its series of awards which includes- ‘Overall Partner Solution of the Year,’ ‘People’s Choice Award for Banking/Bill Pay’ and much more.