Xero Accounting
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 Platinum 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
Online accounting
Log in online any time and see up-to-date business financials – from anywhere.
Automatic bank reconcilliation
Xero imports and categorises your latest bank transactions. To reconcile, simply click OK.
Dashboard
See all your bank balances, invoices, bills and expense claims at a glance and add new transactions with a click.
Smart reports
View and share interactive reports and budgets in real-time – no waiting until the end of the month.
Inventory
Inventory items speed up invoicing while tracking sales and purchases.
Easy Invoicing
Create professional recurring invoices and receive updates when they’re opened.
Quotes
Create and manage quotes and easily turn them into invoices when the work is done.
Invoice reminders
Get paid easier with Invoice Reminders. Automatically prompt customers an invoice is due and remind customers if invoices are overdue.
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.
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.
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.