They’re boldly billing Xero as the world’s easiest accounting system, and we’re happy to play along for a bit. It’s pretty as a button, comes with oodles of nice charts and graphs, and has an Ajax enhanced UI that looks like it really makes sense. It’s designed for UK and New Zealand small businesses (a full international version arrives next year) and costs £29.00 a month + VAT which also includes a nice little ‘partner’ feature to help small entrepreneurs find an accountant to help out. Oh and it’s won awards, so there, it must be good.
With Xero, it’s quick and easy to do daily bank reconciliations to keep your accounts accurate and up–to–date. Your bank statements can be automatically imported daily by Xero and then matched to transactions you have entered.