100’ S OF EXPERTS, XERO HASSLE
Running a business can be hard work – so much to do and not enough time to do it all. So, what if there was a way to access specially tailored advice and resources at your fingertips?
Accounting is one of those things that can
take up lots of time, with constant updates to legislation and regulations to keep on top of, as well as invoicing, inventories and everyday issues to contend with. By working with an accounting system like Xero, you can choose from hundreds of apps to handle every aspect of your business accounting, safe in the knowledge that it is up to date, secure and will work with the rest of your accounting suite.
The XERO ECOSYSTEM
Purple Lime are Xero Gold Champions and can provide the roots for the rest of your accounting to grow from. Think of it like a tree – you feed it with your information and data, and this gets absorbed into the trunk of the tree, your Xero software. This is the central place where all your information is held, and what everything else leads back to.
However, if you need something more tailored to your business type or particular needs, you can branch out and choose from over 800 apps, all compatible with the central Xero software.
The experts at Xero have developed lots of apps themselves to deal with specific aspects of accounting, and the software can also integrate with a huge range of third-party apps – some of which you may be using already. Whether you use Xero’ s own offerings, or the third-party integrations, the Xero marketplace will help you find the best solutions for you and your business.
The result of this is blooming marvellous management information and reporting, enabling timely and accurate decision making! The Xero ecosystem can use the information you provide and produce easy-tounderstand reports and tools to make managing your business easier.
By investing in the Xero ecosystem, you will be joining over 2 million users, including small business owners and accountants in the UK and worldwide.
Whether you need something to monitor your inventory, or a way for staff to log their hours, Xero has a solution which you can access via your phone at any time, wherever you are.
How the Xero Ecosystem Can Help Your Business Grow
REINVENTING INVENTORIES One example of how Xero and related apps can help is in regard to how you monitor your inventory. By using a third-party app such as Vend, Dear, Unleashed or Epos Now, you can combine your sales, orders and inventory tracking into one handy app, while the data the app produces is fed back to Xero to be used for invoicing and payments.
Apps like these can be particularly useful if you have multiple sales channels and can also be linked to your point of sale, making the collecting of information even easier.
CREDIT CONTROL Once you have made the sale and sent the invoice, Xero can help to make sure you get paid. Apps such as GoCardless, Chaser, Soldo or Stripe can make it easier to collect payments either through automating payments, providing alternatives to card payments or automatically sending reminders for outstanding debts.
BETTER BANKING However well you plan for your business, the unexpected can always come your way. When you need to find finance quickly, a service such as Satago could help, releasing invoice finance to aid cashflow. Other apps such as Telleroo can help reduce the opportunities for fraudulent activity, and Iwoca can offer loans to small businesses using the information held by Xero to assess your business – saving time and paperwork associated with applying for a loan. This is just a snapshot of the many apps and types of assistance Xero can offer, there is a whole world of apps to explore – and if you need a guide, Xero Gold Champions Purple Lime can help you identify your needs and find the best solutions for you.
To discuss how Xero could make running your business quicker and easier, contact Purple Lime by emailing hello @ purplelime. uk. com or by calling 01249 691360.