With online invoice payments through Stripe and GoCardless, you can accept payments by card or direct debit. The use of Brex’s platform is subject to eligibility requirements and terms of service, learn more at Brex.com/legal. Service-specific terms apply, including but not limited to our Brex Card Program Terms, Rewards Terms and Travel Terms. Offers contingent on using Brex services are subject to qualifying for those services.
Learn how to streamline vendor payments, prevent errors, and automate workflows for better efficiency. Improve your financial records by understanding 8 frequent accounting errors. Discover practical solutions to prevent mistakes and ensure accuracy. Xero may be harder to learn than a simpler invoicing platform like Square Invoices or Zoho Invoice. Use Xero accounting software to hop online with your employees, bookkeeper, or accountant – even if you’re on opposite sides of the world. It allows you to pay and manage multiple bills through Xero using your preferred bank account.
Set up Xero for beginners
This automation extends to recurring transactions and can handle multiple cards and users while maintaining detailed transaction records, ensuring you can effortlessly manage business receipts. User management in Xero is structured through role-based permissions, allowing organizations to control access based on specific needs. Standard users receive comprehensive access to daily accounting functions, while IO+ (Invoice Only) users focus solely on invoice-related tasks. Read-only permissions enable limited visibility for stakeholders who need to view but not modify data. Adviser roles grant specialized access to accounting professionals, and Administrators maintain full system control, including user management and security settings.
Plans to suit your business
Book a demo today to experience firsthand how this integration can reduce administrative overhead, improve financial accuracy, and provide the insights needed to drive your business forward. Built-in compliance features handle tax calculations and reporting requirements automatically. Xero maintains audit-ready financial records, calculates sales tax, and generates required reports. This automation reduces compliance risks while ensuring businesses meet their regulatory obligations without extensive manual oversight.
Well, Xero has a unique dashboard display, which allows business owners to clearly see how much money is coming in and going out.
- Certain services available through Brex may be provided by Brex Payments LLC (NMLS # ), an affiliate of Brex and a licensed money transmitter.
- As a cloud solution, Xero ensures data consistency whether accessed through Windows, Mac, or mobile devices, eliminating version control issues and enabling seamless remote work.
- Review the background of Brex Treasury or its investment professionals on FINRA’s BrokerCheck website.
- Discover seamless app integrations for efficient accounting with Xero’s comprehensive accounting software.
- Xero uses OCR technology, automatically extracting necessary information like date amount, supplier name, and due date from the bills.
- To get started with Xero, all you need to do is purchase the monthly package as per your small business needs and log in using your username and password.
Financial teams can generate comprehensive expense reports instantly, maintain detailed audit trails for compliance purposes, and access up-to-date spending data for better decision-making. The integration particularly benefits growing businesses seeking to scale their financial operations without increasing administrative overhead. The integration between Xero and Brex creates a seamless connection between corporate card spending and accounting records through automated data synchronization. This direct integration enables real-time transaction flow from Brex cards into Xero’s accounting software, eliminating manual data entry while ensuring financial records remain current and accurate.
All your small business accounting in one place
Xero processes payment through a payment gateway like Stripe, GoCardless and others. Keep in mind that these services charge a fee to process payments (usually around 2.9% plus 25 cents per transaction, though this varies by the payment processor). With your accounting software and data stored in the cloud, you can access your up-to-date accounts anywhere there’s an internet connection. You can receive automated bank feeds into your accounting software and connect to other business apps for greater efficiency.
Useful features to run your business
Please be sure to close all activity windows before closing or navigating away from this page. Complete these lessons to learn how to customise and complete essential settings to get you started on Xero correctly from the outset. Certain services available through Brex may be provided by Brex Payments LLC (NMLS # ), an affiliate of Brex and a licensed money transmitter.
Automated bank reconciliation matches transactions with accounting records in real time through direct bank feed integration. Xero learns from previous entries to categorize transactions automatically and flags potential discrepancies for review. This automation reduces manual data entry, minimizes errors, and ensures accurate, up-to-date financial records.
Its cloud-based infrastructure ensures seamless accessibility, collaboration, and up-to-date financial reporting across various devices and team members. Real-time access to financial data combined with automated processes significantly reduces manual bookkeeping tasks. The platform automatically processes bank feeds, categorizes transactions, and updates financial records, saving hours of data entry time while maintaining accuracy. This allows businesses to focus on strategic projects rather than routine accounting tasks. Xero handles transactions across 160+ currencies with automatic exchange rate updates.
Keep in mind that the ability to use multiple currencies in the software and invoice is limited to the company’s highest tier, at $80 per month. If using multiple currencies is a priority to you, consider xero bookkeeping other platforms that offer this capability at a lower cost. Zoho, for example, is accounting software with a free invoice platform that allows you to bill in multiple currencies. You can use tracking categories and options in Xero to keep your chart of accounts manageable while viewing department or cost centre wise reports.
This can be helpful if your company is growing fast, or you simply want the reassurance that there’s no limit to how many people can be part of the team. All three plans come with an optional add-on for payroll with Gusto for $40 per month plus $6 per month per person. Xero’s online accounting software is designed to make life easier for small businesses – anywhere, any time. Log in anytime, from anywhere, to send invoices, pay bills, and manage your cash flow.
Xero provides real-time stock tracking with automated reorder notifications when levels run low. The platform integrates inventory data directly into invoices and purchase orders, maintaining accurate stock counts and valuations. Users can monitor stock movements, track costs, and generate inventory reports to optimize stock levels and purchasing decisions. You can use all Xero’s features, like invoicing, accepting payments and reporting, and add-ons like Xero Projects and Xero Expenses.
Xero’s bank feed securely imports your transactions into the Xero accounting software each business day. Xero’s cloud accounting software has features and tools to help you run your small business, so you can spend more time doing what you love. Xero is entirely cloud-based accounting software for small businesses. While Xero’s plans start at a cheaper price, QuickBooks offers more features across its plans.
Businesses can issue invoices, process payments, and track business expenses in multiple currencies while maintaining accurate financial records. The platform consolidates multi-currency transactions into standardized reports, simplifying international business operations and financial reporting. We’ll examine the platform’s core capabilities to uncover how Xero empowers businesses to streamline processes, gain real-time financial visibility, and make more informed strategic decisions. Organizations connecting Brex to Xero benefit from operational efficiency improvements in expense management and financial reporting. The automated workflow eliminates manual data entry errors, reduces reconciliation time, and provides real-time visibility into corporate spending patterns.