Katherine Haan, MBA is a former financial advisor-turned-writer and business coach. For over a decade, she’s helped small business owners make money online. When she’s not trying out the latest tech or travel blogging with her family, you can find her curling up with a good novel. Sage 50 Accounting’s Cash Flow Manager tool is a helpful feature for people who want to better understand how future transactions could impact their business. The tool also lets you adjust the time frame to see how your business has changed over time.

Keeping track of client payments can be challenging, especially if you have multiple invoices with different due dates. For more information about Xero bookkeeping services, transitioning legacy record-keeping processes into the cloud, or organising a demo, please get in touch with the James Todd & Co team at your convenience. A partner business accountancy firm with Xero approval can offer a complimentary demonstration, ensuring you can see how the platform works and decide whether it is the right fit for your requirements. Kelly Main is staff writer at Forbes Advisor, specializing in testing and reviewing marketing software with a focus on CRM solutions, payment processing solutions, and web design software.

Advantages of Outsourcing Bookkeeping to a Local Accountancy Provider

Keep in mind that these services charge a fee to process payments (usually around 2.9% plus 25 cents per transaction, though this varies by the payment processor). The Early subscription is tailored for solopreneurs and business owners who are just getting started. You’re able to send 20 quotes and invoices per month, enter five bills, reconcile bank transactions, capture bills and receipts with Hubdoc and view a short-term cash flow and business snapshot. Check out the Xero App Store to find, try and buy business apps that connect easily to Xero online accounting software.