Why Xero is the best accounting software for businesses in Australia

If you are looking for cloud-based accounting software you have probably been blown away by choice. There are so many different platforms available! Many of them seem to have long feature lists that only an accountant would understand. It can be difficult to work out which one is the best option.

But fear not, your search is about to get simpler! Whether you are just starting a new business or are looking to switch software, we have the solution for you. It’s Xero.

Why Is Xero Good for Small Business?

At LINK Books, we love Xero and use it with all of our clients. We genuinely believe that it smokes every other option out there. Here’s why:

1. More Accountants and Bookkeepers Use Xero

At LINK Books, Xero is our go-to choice, and for good reason. A significant number of accountants and bookkeepers prefer Xero, ensuring seamless collaboration and optimised utilisation of advanced features tailored to benefit your business. You will find that you get more value out of your accountant or bookkeeper when you use the software that they are used to. They will understand it inside and out, so can take advantage of advanced features to help your business.

Having the same software will also mean that they can seamlessly connect to your account and get working right away. There will be no lag as they set up a new system or set you up on their software. Seamless accounting means you get more bang for your buck and your business benefits immensely.

2. Unrivalled Integrations

It takes more than just accounting software to run a business. The other software you use needs to be able to integrate with your accounting software to ensure your business can run as efficiently as possible. Fortunately, Xero has a huge lead in the integrations.

Being the market leader means that developers of all different types of business software have created an integration with Xero. To help you find these integrations, Xero has a complete app store where you can search for integrations and easily add them to Xero. It’s another way Xero is making things easier for business owners.

3. An Epic Mobile App

In today’s fast-paced world, business doesn’t wait for you to be tied to a desk. Xero’s robust mobile app empowers you to manage invoices, reconcile transactions, track business metrics, and more, all from the convenience of your smartphone or tablet. It truly makes managing your business a lot more flexible and easier to do outside the office. Available on both Android and iOS platforms, Xero ensures you stay connected and productive on the go.

If you constantly find yourself on the go for your business, this will be game-changing.

4. Cutting-edge Automation

Artificial Intelligence (AI) and automation have revolutionised accounting software, with Xero leading the charge as a market leader. Through its advanced AI-driven features, Xero offers automation functionalities that streamline tedious tasks, such as automatically populating bills from suppliers’ emails or PDFs and intelligently matching transactions based on predefined bank rules. 

This automation not only saves businesses significant time but also enhances accuracy and efficiency in financial management. Additionally, Xero’s predictive tools for bank reconciliation and short-term cashflow forecasting further alleviate manual data entry, providing businesses with real-time insights to make informed decisions promptly. 

As Xero continues to invest in AI technology, its platform evolves to offer even more sophisticated features aimed at simplifying business administration and facilitating growth.

5. Comprehensive Payroll Solutions

Good payroll software is crucial for businesses with employees, particularly with the advent of single-touch payroll (STP) regulations. Xero, renowned for its market-leading capabilities, offers a comprehensive payroll solution that simplifies management tasks. With integrated features for pay, leave, tax, and superannuation, Xero’s payroll system consolidates all aspects of employee compensation in a user-friendly platform. Its intuitive design and robust mobile app ensure easy access and efficient management for both employers and employees

Xero’s payroll software encompasses various features, including STP reporting and automated online payroll, catering to diverse business needs. Similarly, single-touch payroll streamlines processes further by enabling online timesheet setup and automatic ATO filing with just a click, ensuring seamless payment processing. Additionally, employees can easily request leave and access payslips via the mobile app, enhancing convenience and transparency.

6. You Can Easily Find Solutions Online

Transitioning to Xero is seamless, thanks to a wealth of online resources and training programs. Whether you’re a novice or seeking professional setup assistance, the support ecosystem surrounding Xero ensures you’re never left stranded. Reach out to us for expert guidance and customised training solutions.

If you’re new to Xero, don’t miss out on mastering its full potential. At LINK Books, we offer comprehensive Xero training and Xero setup services tailored to your needs. Our expert team, well-versed in Xero’s functionalities, ensures a seamless transition, even if you’re migrating from another system. Let us guide you through every step of the process, making it effortless for you to harness the power of Xero for your business.

7. Reliable Support Network

If you can’t find the solution online, which sometimes happens, then at least you can fall back on Xero’s great support team. Xero has a range of guides on its website for you to use to find a solution. If you still can’t, you can email a person on their support team. They will diagnose your issue and help you find a solution as soon as possible

Alternatively, you can talk to your bookkeeper at LINK. As they are Xero experts, they may have encountered the issue before and can help you in troubleshooting it.

8. Flexible Pricing Options

Xero offers a range of pricing packages tailored to suit diverse business needs. From startup-friendly payroll-only plans to comprehensive suites for large enterprises, Xero ensures affordability without compromising on functionality. Unsure about the ideal plan for your business? Consult with us for personalised recommendations.

• Xero Starter – This is the basic plan for the full Xero suite. This plan is excellent if you are a small start-up or freelancer who needs access to accounting software.
• Xero Standard – Xero’s most popular plan, the standard plan allows you to send unlimited invoices and quotes, bank reconciliation, payroll for 2 people, and more.
• Xero Premium 10 – The Premium plan gives you all of Xero’s main features, including those from the standard package, plus automated superannuation and multiple currencies. This plan also offers multiple levels, where you can increase the number of employees that you can include in payroll.

9. Local Focus

The best part about Xero is that they are a local Australia and New Zealand company who focuses on our region first. This means that all the taxation data is up to date, there are more integrations with software that Australian businesses use, and their support is at its best in Australia.

Xero loves Australian businesses and continues to focus their efforts in the region. They host their annual event, Xerocon, for accountants in Australia, and focus on delivering features Australian businesses want. 

Partner With LINK Books and Choose Xero

In conclusion, if you’re seeking accounting software that excels in features, usability, and local support, look no further than Xero. With over 3 million subscribers it is safe to say that a lot of businesses agree.

If you are switching to Xero and want to learn the ins and outs, come have a chat with the Xero experts at LINK.

Make the switch today