What is Xero?
Xero is a cloud based accounting package. We use it ourselves in our own retail shops. xero is easy to use. We have migrated from MYOB and have previously had experience with Quicken.
So, Xero is a full function accounting system managing debtors creditors and your general ledger. Use it to reconcile accounts, make payments, manage payroll and produce your P&L.
Our in-house CPA loves Xero. He received a sales data feed from our shops directly into Xero. he used Xero to run the businesses, produce accounting reports, reconcile the bank accounts and do other accounting functions.
You can read more about Xero here: https://www.xero.com
How Can I Benefit From Xero Link?
Tower Advantage Xero Link is an additional feature that is exclusive to Tower Advantage members which allows you to instantly send your sales and invoices from Retailer to Xero.
The benefits include:
- You save time by no longer having to manually enter accounting data from Retailer into Xero.
- You do not need an accountant/bookkeeper to enter the accounting data in Xero.
- Minimizes user errors as figures are taken directly from Retailer.