![]() ![]() Receipts and bills can be uploaded to the Xero platform by taking photos or scanning them. With Xero, you can enjoy the convenience of having your bank transactions automatically fed into your Xero account on a daily basis. By simply connecting your Xero account to your bank account, all bank data will flow automatically to your Xero platform. ![]() Additionally, all data from your bank transactions that have been transferred to Xero are ready to be reconciled with receipts, bills, and invoices. Moreover, you can set rules to categorize every transaction and match them with each receipt, bill, or invoice. In this way, you no longer have to manually check every transaction and match them with bill payments. Xero’s bank reconciliation feature also helps detect if there are deleted, duplicated, and missing transactions by simply running a bank reconciliation summary report. Payment service integrationįor added convenience, you have the option to add a payment gateway provider of your choice from the list of available apps in the marketplace, such as Paypal, Stripe, Zapier, Debtor Daddy, and more. In this section, let us examine the features included in Xero’s most popular package-the Standard plan priced at $32 per month. ![]() The Standard plan is ideal for small businesses that have gone past the startup stage of establishing their business and are now in the process of scaling up. Xero’s Established plan allows you to send and receive payments, as well as view reports in more than 160 currencies. International transactions can also be automatically converted based on the latest exchange rates, thus allowing you to see the impact of currency markets on your profit and cash flow. This feature provides you with essential project management tools. It allows you to estimate and prepare quotes that you can convert into digital invoices. Monitoring the time and cost spent on jobs or projects is also made easier using the built-in timer and location-based tracking on the Xero app. Additionally, you can also keep track of your projects’ or jobs’ profit margins to avoid unnecessary overspending and losses. ![]()
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