A Beginner’s Guide to Xero Accounting

Table of Contents:

  1. Features available with Xero online accounting software
  2. Manage Banking tasks with Xero
  3. How to Switch to Xero

Xero is an online accounting and bookkeeping software where you can create and send invoices allowing your customers to pay online, check and confirm payments.  Xero makes it easy to match payment to invoice and reconcile accounts.  You can reconcile your bank account using xero accounting software that can automatically import your bank, credit card and Paypal transactions.

Features available with Xero online accounting software:

Xero Accounting software has several features that make running your small business that much easier.

  • Manage your contacts, create a list of customers and suppliers to keep them organised.
  • Use Xero to track fuel, food, and travel expenses, manage all your expense claims online directly with Xero.
  • Quickly reconcile your accounts with our Cash coding tool with the help of auto-suggestion, matching and bank rules process a year’s worth of bank statements.
  • Instead of working from separate ledgers and systems using Xero work from just one single ledger with the Chart of Accounts, accountants and clients can have access to the same data in the cloud.
  • Both accountants and businesses can view and share interactive reports and budgets in real time through the report centre.
  • Xero makes it easy to keep your files organised upload documents to support financial data with a simple drag and drop to your Xero Files inbox.
  • Take control of purchasing by managing your purchase orders in Xero. Track what has been ordered, the cost as well as when and where it should be delivered.
  • Xero makes the sales process simple by using the sales dashboard to create and send invoices track when payments were received and match payments to invoices all online.

Manage Banking tasks with Xero:

There are 500 applications to integrate into the cloud accounting software that can assist you with your banking tasks. Setting up bank feeds will help automate your transaction and bank reconciliation. Xero is created to import your bank, credit card and Paypal transactions automatically, it uses your bank feed to make reconciling faster and easier. For more information on how to click the links.

How to Switch to Xero

If Xero sounds like the perfect accounting software for you, we are here to help you make the switch, talk to an accountant or a certified advisor to see how we can help. We made the process of switching over to Xero easy and efficient; our conversion partners do the heavy lifting for you. If you have account balances or have been using a different accounting software you can quickly enter and confirm these balances in your financial reporting to Xero, we call these conversion balances. When you create an account with Xero there will be information that you’ll want to bring from your old accounting system, Xero allows you to import everything so you can carry on with business as usual, you can import automatically to save some time on having to manually enter information into Xero. For more information on how to import data click the following links:

If you have any further questions about Xero, or are looking for an online accountant to handle all our financial needs.

Call us now – +971 4 572 6400 or For more information enquire us at info@theaccountant.ae