5 Xero Apps for your Business
Xero Apps are now in the plenty, 700+ as of 2019! All apps are designed to integrate seamlessly into the Xero ecosystem, giving you the opportunity to create a fully customised hub for your business.
But which apps are best for which business functions?
Float – for Cash Flow Forecasting & Management
Float is cash-flow forecasting software that is fully driven by Xero data. It can be used by both business owners and financial advisors, creating a platform for much needed discussions.
We all know that cash flow forecasting is important, but it’s one of the more technical tasks of running a business. For those that aren’t well practiced, is rather time consuming too. Enter Float! If you’re using Xero, everything can be fully automated and driven in real-time, not to mention the ability to create ‘What-if’ scenarios with a few clicks of a button.
GoCardless – for Direct Debits
GoCardless provides businesses an easy and modern means of taking regular payments online.
Once you’ve integrated it with Xero, you’ll be able to arrange for payments to be taken directly from your clients’ bank account through DD. Therefore freeing you from the burden of paper forms – it’s all online. What’s great is that GoCardless can embed onto your digital invoices, so that at a click of a button your clients can setup payment instantly.
GoCardless can integrate with all the top accounting software providers (Xero, SAGE, Quickbooks, FreeAgent). If you want to go one step further, we can even help setup a coded reconciliation to automate admin tasks even further.
Deputy – for HR Management
Deputy is your trusted second-in-command when it comes to managing staff. Unlike other HR software of the older era, Deputy integrates seamlessly with Xero turning your accounting software into a business management powerhouse. On the go, anywhere, anytime.
Whether you’ve 5 employees or 5,000, Deputy will scale alongside you, giving that all important control over managing rota, recording timesheets, attendance etc. All of this whilst also keeping you compliant and on top of Payroll & HR requirements.
Lightyear is a great example of how Xero can save you valuable time in other areas of your business, which you potentially wouldn’t have thought of otherwise.
Receipt Bank – for Receipt Management
Receipt Bank is an automated bookkeeping solution with instant receipt scanning features via a dedicated iOS/Android App. Gone are the days of shoeboxes full of receipts and hours spent by the scanner!
There are similar apps out there, but Receipt Bank offer the highest degree of data extraction accuracy on the market, so much so, that it’s more accurate than human data-entry! However, the real benefit to your business will be savings in time and resource once you’ve introduced this into your finance workflow.
With Making Tax Digital becoming a mandatory requirement for many, digitalisation of records is a becoming ever more important. In years to come, we predict apps like Receipt Bank will become essential to all business.
Lightyear – for Bills & Expenses
Lightyear is an Accounts Payables app which helps transition to a paperless workflow as well as providing you greater control and insight of your payables. It also provides line-by-line data extraction with 100% accuracy from electronic bills!
Cash flow is king when it comes to running a business and Lightyear is one of those apps which will help you keep control of cash. It’s so versatile that we recommend it for all different industries such as retail, hospitality, franchises, accommodation, education, healthcare, construction and manufacturing.
by Max McHugh
FMAAT, CIMA Dip MA
Founder & Director | Xero Certified Advisor
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