With subscribers reaching one million in 2020, Xero accounting software is gaining quick popularity among SMEs in Australia. Continue reading and see if this is the accounting tool that you’re looking for, as we explore the top five benefits of Xero.

Benefits of Xero Accounting Software

Let’s take a look at the main benefits of Xero and how it can improve your daily business operations.

Extensive accounting features and add-ons

All essential accounting features you need are available in Xero — from invoicing and reporting to lodging your end-of-year tax returns. You can also check its app marketplace to see if the other apps you’re using are available for integration. With these add-ons, you can work more seamlessly and quickly, allowing you to save time and energy in the process. 

Updates are also automatic, and that means you don’t have to worry about using outdated software. 

Easy access to your financial information

Xero is cloud-based, and it means that you can check your bank balances, edit reports, pay bills, send invoices, accept payments, and do other accounting functions even when you’re not in the office. It has also a mobile app version for iOS and Android devices which makes it more convenient to use wherever you go.

Affordable and flexible plans

The starter plan for Xero costs $13.50 per month. It gives you access to basic accounting features such as invoices, bank reconciliations, payroll, superannuation, and more. What’s good about using cloud-based software is you can upgrade to a more advanced version anytime, which helps growing businesses with plans to scale up.

If you’re still unsure if Xero is right for your business, you may want to try their 30-day free trial to have a first-hand experience of using all of its features. See if it works for you and decide afterward if it’s a worthwhile investment. 

For more information about Xero’s pricing plans, visit their website by clicking here.

Real-time collaboration

By using Xero, you can work simultaneously with your accountant, bookkeeper, or advisor even when you’re in different locations. It also allows real-time updates — you can access the same information, leave comments, and discuss business data at the same time.

It also plays a huge role in data security. Unlike traditional accounting, you no longer have to send files back and forth through emails.

User-friendly interface

Even with no prior experience in using cloud-based accounting software, Xero’s clean and user-friendly interface makes it easy for you to learn and understand its functionalities. It may take some time for you to get used to it but with continuous use, you can find how easy and convenient it is. You can also work with your accountant or watch YouTube tutorials to quickly understand how it works.

Migrating to Xero is Easy

If you’re using another accounting software and would like to try Xero, you shouldn’t have any concerns because the migration process is seamless and stress-free — the entire process is quick and easy.

To get started, Xero recommends a conversion specialist that will convert the data from the current software you’re using. Once the converted data is available on your Xero account, you can continue managing your finances as per usual.


Xero accounting software is ideal for SMEs, thanks to its affordability, ease of use, and extensive features. Give it a try and see if it can meet your needs and budget. 

Let Us Help

If your business has a turnover of over $1 million, ABJ Solutions is offering a complimentary one-hour meeting to help answer questions and model critical decisions with you. Get in touch with us today so that we can help guide you through these challenging times.

Interested to read more content to improve the way you manage your business? Click here to visit ABJ Solutions’ blogs.