Xero And Cloud Based Bookkeeping Services

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Cloud Based Bookkeeping Services
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Xero And Cloud Based Bookkeeping Services

• Generally, your eCommerce business will live or
  die based on how you manage your cash flow.
• Whether you sell the products through
  BigCommerce, Shopify, Amazon, or Etsy, you need a
  sound accounting system to manage your finances.
• By now, as an eCommerce business owner, you would
  know how important is proper bookkeeping is for
  your eCommerce business.

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• It will get complicated, especially when you
  expand your business and dont have in-depth
  knowledge or experience of bookkeeping terms and
  principles.
• This is where cloud based financial bookkeeping
  software comes into play.

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Cloud accounting solution for businesses

• Cloud accounting allows all the accounting and
  bookkeeping tasks to be done online and store all
  the data on the cloud in a secure manner.
• One of the significant benefits of it is that you
  can get real-time access to all your business
  information at any time and anywhere.
• There is numerous cloud based accounting software
  available with their own benefits.

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• However, most of them are expensive and involve a
  steep learning curve.
• This can result in tight budgets for small
  businesses that make it essential to choose the
  right accounting software.
• This brings Xero into play.
• Xero is a cloud based accounting software that is
  specially designed, keeping in mind mainly the
  small businesses.

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A short overview about Xero accounting software

• Bank connections and reconciliations
• Inventory management
• Purchase orders and paying bills
• Payroll management
• Customized professional invoices
• Xero dashboard

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The 4 financial reports that every seller can
obtain with proper bookkeeping

• Balance sheet
• Profit and loss report
• Cash flow forecast
• Inventory forecast

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VISIT

• https//www.freecashflow.io/