1.What are types of cloud subscription plans available in Xero?
There are 3 subscription plans called the starter, standard and Premium plans starting from US$20 per month, not including setup, customization and training services.
2. What are some of the key main features in Xero?
Pay bills
Manage and pay bills on time and have an overview of company accounts payable and cash flow
Claim Expenses
Record cost of employee claims, submit and approve and review spending
Bank Integrations
Bank transactions flow directly into Xero each day using bank feeds for OCBC , UOB and DBS.
Accept Invoice Payments
Able to accept payments online from customers and get paid faster by connecting to stripe and other payment solutions
GST Returns
Manage GST F5 returns to remain GST compliant. All GST related transactions will populate in the GST F5 report in Xero.
3. How secure is Xero Accounting software since is is online and on the cloud?
Your business information is duplicated in many locations online, therefore it is safe and secure when you required. Your data is autobacked up
Two Factor Authentication is an additional layer of security by using an authetication app which displays a six digit random number to login into Xero.
Your confidential data is encrypted online using industry standard data encryption, this protects your financial data and the administrator has control on user rights access.
4. What type of business is Xero accounting suitable for?
Xero accounting software is suitable for all kinds of businesses. If you need an extension of the features of the software you can also explore the app marketplace and connect xero to over 800 third party apps for automation and improvement of specific business areas. These specific areas relate to invoicing and jobs and an example of a suitable app would be workflow max. Another specific area would be for online payments from customers and an example would be stripe or paypal.
In the next article or so, we will be mentioning about come common questions regarding another popular software ABSS Accounting software
