In this Xero review, we’re going to be looking at Xero, the cloud-based accounting software from New Zealand, popular among business owners and freelancers. Xero is a powerful accounting tool, with a host of money management features, including 800+ integrations, ample reports, and unlimited users. Xero is also a powerful cloud-based software.
If you are on the lookout for the best accounting software for ecommerce stores, you should know that there’s no “one size fits all” solution. With so many different accounting software solutions on the market, it can be a bit confusing to select the right one. For instance, a small business may not want to choose an expensive solution for sending invoices, as it could severely impair their profit margins.
Ecommerce business owners need to evaluate the pros and cons very carefully when selecting any accounting software solution. Of course, you will want basic features such as invoicing, inventory management, credit card charging facility, sales tax incorporation, and essential bookkeeping solutions.
Few entrepreneurs will tell you they have too much time on their hands as far as their business is concerned. While most entrepreneurs want to focus their energies on boosting their profits, many are bogged down with administrative tasks, including tax filing and other office work.
A recent study by Starling Bank found that the average small business spends 15 hours or 19% a week on finance-related admin. In contrast, a report by accounting solution Sage found that SMEs spent 71 days a year on administrative tasks such as accounting, paperwork, and recruiting.
One quick and straightforward solution is to outsource those tasks. So, we’re looking at one such online outsourcing platform that can help relieve the pressure: Osome.
There's lots to cover, so let's dive straight into this Osome review.