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The software allows you to add billable expenses to invoices and attach receipt images, making it easy to pass on expenses to your customers. The Xero Expenses app can snap pictures of expenses, assign receipts to a customer or project and submit expense claims. Bill payments.
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The system allows you to schedule payments, set up batch payments and recurring bills, helping you avoid past-due bills. When entering a new bill, you can start from scratch or save time by replicating and editing a previous bill. Manage contacts. Xero's profiles show you contact details and an activity history. For example, you can see a customer's sales history with an overview of how much they've spent with you, if any invoices are open and their average remittance time.
You can connect to Gmail to add email correspondence to the activity stream, and you can add contacts to groups, helping you create targeted email marketing campaigns. Track projects. Included with the Established plan, the Projects feature allows you to track tasks, billable time and expenses, budgets and payments to ensure the work you've done for clients is profitable.
You invite users to projects only, or allow them to access other accounting features like invoicing. The Xero Projects mobile app can track time and job progress and create simple invoices. Xero offers an extensive collection of third-party integrations, connecting to more than applications for small businesses, such as payment processors and POS systems, time trackers, CRM software, inventory management programs, payroll and HR, e-commerce platforms and other tools.
It has an API so you can have custom integrations created if you work with a developer. As mentioned above, the Early plan is very limited, so even very small businesses will likely need to subscribe to the Growing plan. If you want to customize the look of an invoice beyond adding your logo and changing the font, the process is more complex than other programs that give you a choice of premade templates.
Best Accounting Software for Mac
Another drawback to Xero is that not all accountants use it. However, this is only an issue if you hire an outside accounting firm, as you may find your choices are more limited. To alleviate this issue, Xero provides a list of accountants who use its software on its website. The company also offers resources to help accountants export Xero data into QuickBooks, which is helpful if your accountant prefers to use that program.
Ready to choose your accounting software? Here's a breakdown of our complete coverage:.
Online accounting software for Mac and Apple users
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Xero Accounting. Find A Solution Financial Solutions. Product and service reviews are conducted independently by our editorial team, but we sometimes make money when you click on links. Learn more. Why Xero? Best Value If you have multiple users, Xero offers the best value for your money, as it supports an unlimited number of users for no extra cost. It's limited to five invoices and quotes, five bills and 20 bank transactions.
It has unlimited invoices, bills and bank transactions.
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It also has unlimited invoices, bills and bank transactions but also supports multiple currencies, which may be useful if you have an international clientele, and has expense management and project tracking features. Ease of Use To find out if Xero is as easy as advertised, we tried the software ourselves by signing up for a business account. Time-saving Features When we asked small business owners what the "perfect" accounting software should do, the resounding answer was that it should save you time. In addition to standard accounting capabilities, here are some of the timesaving features Xero offers: Invoicing.
You can send electronic invoices, and your customers can pay them online.
If your business provides customers with quotes or estimates, you can convert them to invoices with just a few clicks. You can also schedule the system to automatically send recurring invoices and reminders so you don't spend time chasing payments. Bank reconciliations.
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When you connect your bank accounts to the system, Xero automatically imports bank and credit card transactions. The software's smart reconciliation tool matches transactions and learns how to predict matches as you use this feature. You can also set it up to reconcile transactions in bulk based on rules, eliminating the need to individually categorize transactions.
The software includes inventory-management tools and can track items in real time, showing you how many products you have in stock when you're creating an estimate, quote or invoice. It can help you identify your best-selling and most profitable items, and you can create and email purchase orders directly from the software and then copy the data to generate bills for payment or invoices for customers. United States More. Sage 50 US. Sage 50 US requires membership for participation - click to join.
Date yagneshsweetie. Peachtree for Mac OS X. Reply Cancel Cancel. I experienced only one minor concern and that one was an inability to e-mail documents. Peachtree Support acknowledged the problem as having been documented but there wasn't any promise of a fix or when it may come. Otherwise, Peachtree performed well. Up 0 Down Reply Cancel. Thanks Tom. Lavital over 9 years ago. MercDan over 9 years ago.