![]() When the data entry step is removed, the time it takes to do daily bank reconciliations is decreased drastically. Users can connect their online bank accounts to their Xero ledger so daily transactions can import automatically. Xero has made huge strides in streamlining accounting through the connectivity of its software. This allows for automation and minimizes data entry. Connectivity with other data sourcesĪ big reason for the cloud revolution is because online applications can connect and share data with each other. Here's what sets it apart from the other options and why it’s here to stay. I believe Xero will emerge from the pack and fortify itself as the must-have cloud accounting solution for small businesses in the future. Intuit is still the incumbent, but there are a number of alternatives to its flagship QuickBooks product. At the moment, the market is crowded with cloud accounting providers. ![]()
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