advanced banking feeds, payroll management, auto-reversing journals, Fixed Assets, and more. Xero is working with NAB to launch direct submission of payment requests with the bank to help accountants and bookkeepers achieve break-neck efficiency.
If you are a fan of analytics and BI, Xero won’t be a pleasure trip for you. However, the optional Analytics Plus feature allows you to track cash flow and check the financial health of your business. The Report Writer of Xero allows you to create custom reports based on your requirements. Keep in mind that this is apart from the standard reports and allows you to create complex reports according to your business needs.
When it comes to payroll and workforce management, Xero gives all the basic functionalities and features. The system allows you to create self-help portals for your workforce and allow them to access for leave requests, timesheet submission, payslips, and more. It even allows you to automate termination payments. Xero allows payroll numbers up to 200, and small and medium-sized businesses generally find this highly fitting their requirements.
While coming to Xero plans, the accounting system is available in three subscription plans. The starter plan costs you AUD 27 per month with payroll for one person, and the standard plan is priced at AUD 54 per month with payroll for two people. The basic premium plan is priced at AUD 75 per month, including the payroll for five people. The premium plan allows you to add payroll for more people at additional charges. All the Xero plans come with optional add-ons including claim expenses, track projects, and analytics.
The SSL certificates, encrypted data transfer between servers, user controls, and invite privileges make the system highly secure while being flexible to your needs.