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Transcript of Xero
Mayank Manchanda Introduction Accounts Customers Sales & Returns Reports Inventory Other Features Founded in 2006 by Rod Drury & Hamish Edwards.
Xero was listed in 2007 on the New Zealand Stock Exchange
Has offices in Wellington, Auckland, Melbourne, Sydney, Brisbane, San Francisco and the UK
Xero has a strong relationship with banks in New Zealand and Australia and with HSBC in the UK and in the rest of the world
Small - $29
Medium - $49
Large - $64 Graphs - MYOB has no graphs but QuickBooks & Xero provide graphing functions
Adding accounts in Xero is easier to classify for example: Drop down menus give a lot of options.
Only purchases can be recorded for fixed assets. No depreciation and disposal. Easy to organise contacts between categories.
Takes advantage of the whitepages directory to verify addresses
Error Control when entering data. For example when entering a valid E-mail.
Maintains history of all the changes made on the system specifying dates, times and user names.
Contacts can be archived and restored.
Can Skype contacts from Xero Simple searching process for a specific item
Easy to control how many items appear per page
There is no way to make an items status inactive in Xero unlike QuickBooks and MYOB
In Xero, there is no type field to specify
Cannot change how the items list looks in Xero unlike QuickBooks Simple to use basic layout
Discounts applied individually
Limited discounts by per cent only
Uses a separate and simple menu, separate from sales invoices
Xero automatically changes to apply credit to sales or for cash return
Does not have functions for inventory management Favorites and common formats
Export to Excel or GoogleDocs
Reports are interactive
Available reports are limited Accessed via internet browser
Available on your smartphone
Updates Conclusion Choose Xero if you:
1. Provides services
2. Don't want to maintain inventory
3. Want a user-friendly system
4. Have minimal funds
5. Don't have indepth accounting knowledge
Choose QuickBooks if you:
1. Are a larger company
2. Wanting to maintain stock
3. Require additional complexity