Xero Accounting

At 542 Partners we help our clients achieve their financial goals by offering the latest and most advanced accounting systems available. We’re avid lovers of technology and of course as Certified Gold Partners: Xero.

Xero allows our clients to manage their finances from anywhere, have instant access to their accounts, cash flow, payroll and most importantly know exactly what is going on at any given time.

How Xero works

Why we love Xero

Cashflow


 

Online accounting

Log in online any time and see up-to-date business financials – from anywhere.

Dashboard

See all your bank balances, invoices, bills and expense claims at a glance and add new transactions with a click.

Inventory

Inventory items speed up invoicing while tracking sales and purchases.

Automatic bank reconcilliation

Xero imports and categorises your latest bank transactions. To reconcile, simply click OK.

Smart reports

View and share interactive reports and budgets in real-time – no waiting until the end of the month.

Invoicing


 

Easy Invoicing

Create professional recurring invoices and receive updates when they’re opened.

Invoice reminders

Get paid easier with Invoice Reminders. Automatically prompt customers an invoice is due and remind customers if invoices are overdue.

Quotes

Create and manage quotes and easily turn them into invoices when the work is done.

Payments


 

Claim those expenses

Handle personal expenses – just review and approve receipts. Take a photo of receipts from your mobile and it’s saved online.

Enter bills

Manage your cashflow by scheduling payments and batch paying suppliers.

Payroll


 

Pay your employees

With payroll and accounting as one, it’s easy to process your payroll and pay superannuation. Your payroll information is automatically updated into the general ledger.

Streamline your payroll

Pay super contributions for your employees with the click of a button. File employee tax file number declarations and your payment summary annual report direct to the ATO from payroll.

Mobile


 

Go mobile

Use Xero’s mobile apps to manage your business while you’re on the move. Reconcile, send invoices and create expense claims – from anywhere.

Paperless leave requests

The Xero Me app makes it simple for employees to apply for leave and view their pay history – all from their mobile. Managers can view and approve or decline leave requests right in the app.

Finally. What you’ve always wanted from your accountant.
Talk to us to find out more.


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