Monday, 21 October 2013 12:46

Xero launches Files online accounting solution

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Online accounting provider, Xero, is claiming a ‘dramatic improvement’ in accounting software for small business with the release of its new Files software solution.

Xero Managing Director, Chris Ridd, says the new Files feature within Xero “resolves the fundamental issue of financial documents being in a different place to the relevant data. Rather than sitting in filing cabinets, financial documents and images can now live seamlessly next to transactions, where they always belonged.”

Ridd says the release of Files delivers a “simple and affordable document management system to small business and empowers them to spend more time to focus on forward-looking projects.”

“The benefits of Files being ‘in the cloud’ is that now a whole myriad of business documentation can be made available anywhere, anytime and on any device and right from within the accounting software.”

According to Ridd, Files fundamentally changes the way small businesses, accountants and bookkeepers can work together. “The small business owner can upload source documents as they are received or generated, making reporting and tax time much more efficient and less hassle for everyone.”

“Xero now allows customers to fully manage both financial data and financial documents in the same system. This ushers in new efficiencies and opportunities for small businesses and their accountants to work together.

“Files enables businesses to manage records efficiently without having to maintain files physically in filing cabinets or separate systems” says Ridd. “By providing external branches and offices direct access to Files via the cloud, interoffice collaboration is enhanced.”

Ridd says accountants and bookkeepers will find Files reduces document handling, printing, and “cuts down hours hunting for source documents that could be anywhere.”

And, he says auditors will benefit from documents being on hand, which will especially help non-profit organisations, “who could save hundreds of dollars in audit fees annually.”

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Peter Dinham

Peter Dinham is a co-founder of iTWire and a 35-year veteran journalist and corporate communications consultant. He has worked as a journalist in all forms of media – newspapers/magazines, radio, television, press agency and now, online – including with the Canberra Times, The Examiner (Tasmania), the ABC and AAP-Reuters. As a freelance journalist he also had articles published in Australian and overseas magazines. He worked in the corporate communications/public relations sector, in-house with an airline, and as a senior executive in Australia of the world’s largest communications consultancy, Burson-Marsteller. He also ran his own communications consultancy and was a co-founder in Australia of the global photographic agency, the Image Bank (now Getty Images).

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