Xero really turns accounting on its head. With

• Automated daily bank feeds

  The bank feeds is the core. Having the data feed directly from the bank gives you timely data about what is happening. This means you can effectively daily reconcile. The reconciliation process in an accounting system is the check that you have everything correct. Correcting errors early leads to a better result.

• Ability to tie other applications with an API (Application Programming Interface)

  This is one way you can move data from one application to another. Like having a prospect in a CRM and click its in your accounting system.

• Shared File - Multi user and Multi Location

  While most people who use the accounting file are generally on the one site some important people are not always. The Accountant, Consultants, Bookkeepers often have to travel. Now you don't have to. Instant access to the file resolves problems faster. Accountants appreciate the reporting functions and have an asset register that correctly depreciates. More accurate files leads to more accurate reports

• Speed

  I find that in using Xero I can get the file to a point where I can produce reports faster. Most people are using an accounting system for compliance and while that is fine using it as a reporting tool should be the objective.

• Technology

  While I love technology I don't want to support the technology base of all of my clients. With Xero all you need is a browser. You can use a phone, iPad, Mac, PC, Linux what ever you prefer. What's even better is the updates are done for you. With more security than most small business can afford to provide. Its Secure, Backed up and Monitored.

If you want to read the full article its on my blog just click this line.