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Why online accounting is good for business - Feb. 1, 2024


Welcome to our Weekly Digest!

For today's little read, we will look into Xero and why online accounting is good for business!

Disclaimer: BeanLogix is a Xero Gold Partner.

Today's information will come directly from Xero's website!

Why is online accounting good for your small business?

Well! Here are some reasons:

  1. Get your books done faster - Xero automates tasks that used to take up a lot of time. From reconciling bank transactions to sending invoice reminders, it works for you.

  2. Have confidence in your numbers - Data is protected and stored in one place so it’s easy to see how business is tracking with analytics and collaborate with your accountant.

  3. Do business from anywhere, on any device - Access your data and Xero tools easily from anywhere. Keep essentials like invoicing and payroll at your fingertips with the mobile app.

  4. Paying employees - Keep employee pay records online, process pay runs, and easily reconcile salary and wage payments in Xero.

  5. Track project profitability - Quote and invoice for jobs, track time and costs, and monitor project profitability and expenses using Xero.

 Xero has tools for any kind of business from real estate to nonprofits to startups!

Figure 1. Image of Xero's industry guides (more available on website)

But if you're worried about managing your own books/finances, don't worry!

The BeanLogix team is here to help. As Xero expert advisors, our team members will take care of Xero for you! All you have to do is relax :)


Get in touch!

Our Bean Counters are experienced bookkeepers who care about your business! Email us at to learn more!

*ALL INFORMATION CAN BE FOUND on the Xero website. No copyright infringement is intended. BeanLogix does not own nor claim to own the rights to the content shared.


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