About Xero

Accounting software for small and medium businesses, such as construction companies, can be found in the cloud under the brand name Xero. It is possible that it will assist you in keeping your books. Invoicing, keeping track of finances, clients and vendors, and payroll are just some of the functions offered by Xero. It is even capable of connecting to your bank, allowing you to effortlessly synchronise all of your bank and financial information.

Because it is such a widely used piece of accounting software, there is a wealth of knowledge available on the best way to put it to work for your business. Because of this, you should have no trouble finding answers to any issues that may arise during the process of putting it into practise. In addition to that, there is a sizable app store that gives you access to a whole new universe of possibilities for resolving the issues you’re having.

Accounting software for construction and trades

Accounting is an essential aspect of running a business, and in the construction and trades industry, it becomes even more crucial. Xero’s construction accounting software helps manage your finances on the go, with an easy-to-use mobile app. You can generate quotes, invoices and track expenses, enabling you to get paid faster and make better business decisions. Managing jobs becomes more accessible with this software, allowing you to monitor the progress of different projects. Whether you are a builder or part of the trades sector, accounting software for construction has never been more accessible with Xero, making your job and your life easier.

Run your business from anywhere

With the rise of remote work, it is essential to have software that gives them the flexibility they need to run their businesses from anywhere. Fortunately, Xero Accounting software is here to help. Specifically designed for construction companies, it allows users to capture expenses, quote and invoice customers for jobs, and accept payments all from their mobile devices. With Xero, managing cash flow has never been easier, whether you’re on the job site or working from a coffee shop. Plus, with real-time updates and insights, you can make informed decisions about your business no matter where you are.

Send online quotes and invoices

Xero Accounting software is a powerful business solution that streamlines invoicing and quoting for construction industry professionals. With the ability to create custom quotes for every job, you can cater to your clients’ specific needs while ensuring accuracy and efficiency. The software also allows you to convert quotes to invoices quickly and easily, so you can get paid faster and keep your business running smoothly. Additionally, adding a ‘Pay now’ button to your invoices gives your clients the option to make a one-click payment, making the payment process hassle-free for both parties. With Xero, you can take the stress out of invoicing and focus on growing your business.

Track time and costs on projects

For managers and owners in the construction field, tracking time and costs on projects is crucial to not only stay within budget, but also to improve profitability. Xero Accounting software provides a solution to this issue. With a user-friendly interface and real-time tracking capabilities, construction professionals can closely monitor the costs incurred and profit margins throughout each project. This allows for informed decision making and adjustments to be made to stay on top of budgets and ultimately drive revenue growth. Xero’s platform is a stress-free solution to project management that ensures success in the construction industry.

Submit VAT returns

Xero Accounting software makes it easier to stay compliant with the rules and regulations of HMRC’s Construction Industry Scheme (CIS) and domestic reverse charge VAT. With this software, you can file your tax returns hassle-free and directly to HMRC without any unnecessary paperwork. Xero Accounting software helps you to manage your VAT returns, so you can focus more on growing your business. Say goodbye to the endless hours spent filling out forms and say hello to more time to focus on your goals. Trust Xero Accounting software with your VAT returns to make your life easier.

Is Xero good for construction accounting?

Are you looking for a straightforward accounting solution for your construction business? Xero might be a good option, but it’s not without its drawbacks. While the software covers all aspects of G/L accounting, including invoicing, payments, taxes, and payroll, it falls short when it comes to construction accounting. Unfortunately, Xero only allows you to add either project or job information, leaving out the critical task of categorizing both. In the end, it’s perfection that’s lacking, and innovation is needed for a more detailed solution that suits the complex accounting needs of construction.