The BEST Accounting Software For Small Business Owners | Xero Accounting

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The BEST accounting software for small business owners is Xero Accounting.
I have used numerous accounting software over the past 13 years from desktop versions like MYOB, UBS and SAP to cloud accounting software like Quickbooks Online, Sage Accounting and Wave Accounting. And I think the BEST accounting software for small business owners that’s available in the market right now is Xero Accounting.
If we are just meeting, I’m Sharon Tay from Nuts Accounting and I’m a Xero certified advisor.
So let me show you what you will get from Xero Accounting and WHY I think it is the best accounting software for you.

Number 1: Cloud-based accounting software with unlimited users
Xero Accounting is a cloud-based accounting software with over 3.7 million subscribers across the world. You can easily access Xero Accounting anytime, anywhere as long as you have an internet connection. No more restrictions on physical location or device. All you need to do is just go to Xero Accounting’s website and log in with your username and password.

If you have used desktop accounting software before, then you’ll know how difficult it is to keep your accounting software running smoothly. Updating your accounting software is difficult and requires a certain level of IT skills. The main problem with desktop accounting software is it frequently crashes. And when it happens, you are forced to load your last backup which could be last week or even last month and you have lost all the work that you’ve done after that backup. Now that I’m using Xero Accounting, I no longer worry about all these because it will always be the latest version.

Number 2: Unlimited users (Free!)
Here’s the good news. All Xero Accounting plans in Malaysia and Singapore comes with an unlimited number of user, for free! There are no additional charges for this. If you compare with Quickbooks Online, the maximum number of users for the most expensive plan is five users plus an accountant. So you can invite your business partners, employees, accountant and auditor to access your Xero Accounting and everyone can use it at the same time.

Speaking about bookkeeping, I think you will be interested in our Master User Academy Level 1 Mini-Course, which is completely FREE! If you are new to bookkeeping, confused about where to start, not sure what to do with your receipts & invoices or you’re frustrated that bookkeeping takes up a lot of your time, then this free mini-course is tailor-made for you. Our step-by-step guidance will kick-start your bookkeeping journey, and boost your confidence and skills to efficiently complete your monthly & annual accounts so that you can use the financial reports to grow your business faster. This mini-course is absolutely free for you so sign up today at NutsAccounting.com/400.

Number 3: Simplified complicated accounting tasks
Xero Accounting's advanced features simplified complicated accounting tasks for you. So even if you are not an accountant or you do not have formal education in accounting or bookkeeping, you can still do the advanced accounting stuff and close your books like an accountant. Some of the advanced features of Xero Accounting are inventory management system where Xero will track, calculate and record the cost of your inventory for you, fixed assets system where Xero will track, calculate and record the depreciation of your fixed assets, multi-currencies where Xero will automatically calculate and record the foreign currency gains or losses for you, create your own custom report if you can’t find what you need from the list of reports in Xero Accounting, basic HR payroll system where Xero Accounting will calculate your payroll and prepare payslips for you and SST or GST report where Xero will provide the report for your tax submission and if you are in Singapore, you can easily submit your GST return to IRAS directly from Xero.
And here’s something that you might not know. Currently, Xero Accounting is the ONLY cloud accounting software that comes with a fixed assets system and it’s free! Even the popular Quickbooks Online does not have this.
If you got value from this video, click on the like button and if you have any questions about bookkeeping, Xero Accounting or Quickbooks Online, type it in the comments below. Now let’s continue with..

Number 4: Automation features that save you time
If you want to spend as little time as possible doing bookkeeping, then Xero Accounting is here to help you. Xero Accounting’s automation features will definitely save you time. The automation features offered by Xero Accounting are HubDoc where Xero Accounting do the data entry for you by filling in all the information from your receipts or bills, Bank Feed where Xero Accounting will import your bank transactions to Xero, suggested matches for bank reconciliation where you can easily reconcile your bank transactions with just a click of a button and recurring transactions where Xero Accounting will automatically record and send customer invoices and journals according to your schedule.

Number 5: Scalable with add-ons
All the Xero Accounting features that I have told you up until this point is free and it comes with your Xero Accounting subscription. But what I’m going to share with you is going to cost you additional payments. One thing I love about Xero Accounting is it is scalable with add-ons to support you and your business’s growing needs. All add-ons will integrate with Xero Accounting and your transactions from the add-on software or system will be recorded to Xero Accounting for you. When your team grows, Xero Expenses can help you to manage your employees’ claims. Xero Projects will help you to keep track of costs and profitability of your projects. Xero Analytics Plus provides useful insights to your business’s finances and performance. Xero App Store is where you can find third-party apps that integrates seamlessly with Xero Accounting for Payroll HR, Invoicing, Payments, Inventory, Time Tracking and more!

In my opinion, Xero Accounting is really the BEST accounting software for small businesses. What we have covered so far is just the overview of what Xero Accounting can do for you. Next, let’s dive deeper into Xero Accounting where I will show you the BEST Features of Xero Accounting for Small Business success in the next video. Click or tap the video on the screen to watch it. I’ll see you in the next video.

Next video: The BEST Features of Xero Accounting for Small Business SUCCESS

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This video is sponsored by our online course, Master User Academy. Master User Academy helps entrepreneurs & business owners to do bookkeeping by using Cloud Accounting System like a Pro in simple English. Get real-time financial data of your business to grow your business faster. Join Master User Academy Level 1 now for FREE! ➡️ https://www.nutsaccounting.com/400

Disclaimer: This blog post is not sponsored by any of the products mentioned in any way at all. I created this blog post based on my personal experience and I hope that by sharing my knowledge with you, you can use yours better.

No part of the content of this video or any video published by Nuts Accounting, shall be stored, copied, recreated, republished, or transported.