It performs bookkeeping functions like invoicing and payroll and allows you to connect the program to a live bank feed. 

It allows for both cash-based and accrual accounting systems so it is perfect for companies adhering to UK GAAP or IFRS.

1. There’s no need to store files on your computer with cloud accounting

Cloud computing means that everything is stored, of course, in the cloud. So you don’t need to worry about your files taking up huge amounts of space on your computer as everything is saved safely on the cloud.

2. You can handle your accounts, wherever you are

One of the main concerns around cloud computing is whether or not it’s secure. The simple answer is: yes, Xero cloud accounting software is secure. Why? Because it stores your data securely online and encrypts it using industry standard data encryption. 

3. It’s safe and secure

One of the main concerns around cloud computing is whether or not it’s secure. The simple answer is: yes, Xero cloud accounting software is secure. Why? Because it stores your data securely online and encrypts it using industry standard data encryption. 

4. You can enjoy free product updates

Gone are the days of hard copies and faxes. It makes collaboration between businesses and their Bookkeeper, Accountant or Financial Adviser easy and straightforward. Because it is cloud-based, it also allows real-time updates. 

5. It makes collaboration easy

Gone are the days of hard copies and faxes. It makes collaboration between businesses and their Bookkeeper, Accountant or Financial Adviser easy and straightforward. Because Xero is cloud-based, it also allows real-time updates. 

6. You can upgrade as needed to suit your business needs

It is compatible with both Windows and Mac operating systems and has been designed with the user experience in mind.

7. It’s user-friendly

It is compatible with both Windows and Mac operating systems and has been designed with the user experience in mind.

8. It can take care of invoices and quotes

You can send invoices or quotes directly to clients through Xero, and you can also create customized templates