Financing is significant for every business, and to ensure you are not making any mistakes, you need access to technologically advanced financial management systems. Aspire’s finance management system is an all-in-one solution that takes most of the responsibilities from your finance team and gives them time to focus on more productive tasks. It is becoming southeast Asia’s fastest-growing business account that caters to all your financial needs like funds management, global payments and transaction, bulk payments, budget control, VISA cards, and more.
A similar feature that attracts a lot of companies is their direct integration with Xero. Integrating your Aspire business account with Xero allows you to manage invoices and receipts without errors. But what is Xero, and why is it important to have accounting software? Xero is an accounting software program that integrates with over 1,000 other apps and enables small-business owners to access their accounts from anywhere in the world. Xero is more affordable than its competitors and doesn’t charge extra if you add other users, making it a viable choice for expanding enterprises.
Software integration is the process of combining two or more software programs so that operating them becomes more accessible. More significantly, software integrations are created in a way that ensures you don’t lose any crucial data when they interact. Through Xero integration, your Aspire account can communicate with other apps easily. The fact that updates are rapid and straightforward makes it even better. Integrating your Aspire business account with Xero is essential for improved customer service, increased productivity, cost reductions, and enhanced communication.
How does Xero work with Aspire?
After a 30-day free trial, you can input details about your business after activating your account. Once your Aspire business account is linked to Xero, you can choose whether or not to accept electronic payments for your online invoices. Xero provides possible matches between bank statement lines and transactions input in the program while resolving books. Additionally, you can import an existing chart of accounts or browse through Xero’s default chart and make any necessary adjustments.
Let us look at some advantages of integrating with Xero.
Xero offers you the option to add an unlimited number of users, no matter the subscription level. It is an essential aspect of accounting software since lower-tier plans frequently only permit a limited number of users, whereas higher-tier programs provide unlimited users. You can also give customized permission to each of your team members. As per your requirement, you can enable all staff members to send quotations and invoices, allow some to make payments, and restrict who has access to the whole company’s financial information. Every action users take recorded by Xero, and every transaction’s history is compiled for the organization.
Xero assists you in converting your data into helpful information. You can have an overview of your company’s status and every action of your funds, unpaid invoices, and past-due debts. Another page devoted to short-term financial flow illustrates how upcoming invoices and bills may influence your account balance over the following week. All plans from Xero include essential inventory monitoring. Instead of connecting with a third-party inventory monitoring system, businesses that need to keep track of their inventory can do it within Xero.