With Xero, you can manage your cashflow by scheduling your bill payments, using the graph provided to see when suppliers are due to be paid.
Plus, if your suppliers also use Xero, they can send their invoices directly to your software to save data entry!
Payment with Xero can happen quickly by:
- utilising the batch payment option, you can pay a number of bills at the same time and have the payment automatically reconciled by Xero
- using the inventory option you can speed up your billing process and track inventory items you often purchase and sell
- providing your Xero Network Key to your suppliers so they can send your bills direct to your Xero file (note: you will still receive notification of these bills and need to approve them for payment)
Yet another great feature of Xero…be sure to Contact me if you would like to know more.