You know you are doing when when small business accountants recommend your POS software and its link with the highly-regarded Xero cloud based accounting software.
That is what’s been happening to us. We are winning new customers who are discovering us thanks to recommendations from their accountants, in part due to the Xero approved and endorsed POS software Xero accounting software link.
Creating an approved link is not an option for all POS software companies. Indeed, Xero says no to some POS companies that approach them. We are thrilled to have been approved and to be able to help small business retailers save time and money through the linking of their POS software to Xero.
As our software evolved as does our partnerships and interfaces. That iOS what we have delivered with our successful Xero interface – a facility backed by knowledgable accounting related support and assistance.
What is Transferred to Xero?
End of Shift based department-level sales are transferred to Xero via a sales invoice. Each department can be assigned its own Xero account.
Invoices received into Retailer are transferred to Xero at department level. No individual stock items are transferred.
Write Offs & No Sales
These are transferred to individual expense accounts depending on the transaction reason chosen.
Cost Of Sales
An option on sales exporting is to export Cost of Sales. While not a full implementation of COGS it does transfer over the cost price of items sold each day to reduce the value of Stock On Hand in Xero. If you use this option you will export Write offs, not as expenses, but as adjustment to your Stock on Hand. This makes processing stock adjustments for the End Of Month much easier.