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January 11th 2021 / BY: Wisteria

Top 5 Xero Add-Ons

Xero is fast becoming one of the most popular cloud accounting solutions on the market. Standout features, such as real-time reporting and unlimited users, have seen subscriptions swell to more than two million worldwide. But the real genius of Xero is its scalability. The Xero app marketplace features numerous apps and add-ons that integrate seamlessly with its accounting software. Speak to one of our specialist advisers today and get started with Xero accountancy solutions to transform your business. For now, let’s take a closer look at some of the best add-ons available today and how they can benefit your business.

1.     Float

Having a clear understanding of your financial position is essential to the success of your business. But keeping track of your money on a day-to-day, month-by-month basis can be tricky. Float provides an intelligent cash flow forecasting and management solution. By giving you a real-time view of your finances, it can help you make informed decisions about your company and set realistic objectives for the future.

With Float, you can:

  • View financial data in real-time, giving you a clear picture of your past, current and future cash flow.
  • Run ‘what-if’ scenarios to help you make key decisions about your business.
  • Automatically sync your cash flow forecast with your accounting software to ensure forecasts are always accurate and up to date.
  • Easily export data so you can share information with stakeholders and potential investors.

2.     Unleashed

For manufacturers, wholesalers and distributors, proper inventory management is crucial. Too much stock in your warehouse can create a deficit in the budget and eat into your profit, too little and you won’t be able to meet your customers’ needs. Unleashed gives you the tools you need to take control of your inventory and streamline your supply chain. It can save you time and money, boost your profits and improve performance.

With Unleashed, you can:

  • Automatically and securely update stock movements and transactions, to reduce admin costs.
  • View real-time information about your inventory, right down to profit and loss and balance sheets.
  • Manage multiple warehouses from a single system.
  • Buy and sell products in any currency.
  • Simplify stocktakes with barcode scanning.
  • Track KPIs in real-time, including product margins, supplier performance and purchasing and sales data.

3.     A2X

Running an e-commerce business is a great way to make money. But it’s not without its challenges. One of the biggest headaches for online sellers is reconciling financial information from sites like eBay, Amazon and Shopify. Taxes, fees and variations in currency and exchange all need to be taken into consideration. A2X offers a simple, time-saving solution. By integrating Xero with your various e-commerce accounts, A2X can help you work smarter and faster, giving you more time to focus on what really matters — boosting your online sales.

With A2X, you can:

  • Consolidate transactions across multiple sales channels and automatically reconcile them with your Xero accounting software.
  • Use advanced features to monitor your sales margin, allowing you to tweak your pricing if products are not performing as expected.
  • Safeguard your financial data with bank-grade encryption.
  • Keep track of your inventory data with monthly reports.

This add-on can help to maintain your business’ compliance with any financial regulation. This can help you should your business require a small business audit.

4.     Workflow Max

As a project manager, it’s your job to set clear objectives, determine appropriate timelines and budgets and identify potential risks. But keeping all those plates spinning at once can be difficult. Workflow Max is an all-in-one project management solution. It enables you to oversee every stage of the process, from quoting and scheduling to invoicing and reporting, giving you greater visibility over your project, your people and your profit. Workflow Max can help you deliver your projects on time, on point and on budget.

With Workflow Max, you can:

  • Manage all your projects, tasks and people remotely using a single, centralised system.
  • Send professional, customised quotes at the touch of a button.
  • Reduce admin and save yourself time and money with integrated tools for things like time tracking, job costing and staff allocation.
  • Gain real-time insights into your project and your clients, prioritise jobs and improve decision making.

5.     Re-Leased

Whether you’re an experienced investor or a first-time landlord, managing a property portfolio can be complicated. Chasing arrears, meeting all the necessary health and safety compliance and keeping on top of things like inspections, maintenance and arrears can quickly eat into your time and your profits. Re-Leased provides a simple, cost-effective solution, bringing together all your key business processes in a single, central hub. It can help you simplify day-to-day tasks and free up valuable time and resources.

With Re-Leased, you can:

  • Save money and cut down on admin with automated tools for invoicing and credit control.
  • Keep on top of critical action items, such as rent reviews, lease expiries, health and safety compliance and property inspections.
  • Assess the health of your business and track the performance of a tenancy, property, company or property manager with sophisticated analytics.

These are just a few of the 700-plus apps and add-ons available on the Xero app marketplace. Whatever industry you’re in, Xero add-ons can help you streamline existing systems and procedures, improve operational efficiency and increase your bottom line.

For more information about how Xero accounting add-ons can help you transform your business, get in touch today and speak to one of our experienced advisors.

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