Spenda 14 December - 2 min read
Bookkeeping, accounting, financial reconciliation, reporting and audits — it’s a lot to keep up with in any business, and can be especially challenging when you don’t have integrated systems that give you a real-time view of your finances. Spenda’s seamless integration for Xero provides real-time transaction updates, reduces manual data entry burdens, and delivers more efficient reconciliation and reporting processes, so you can keep track of your business’s finances at all times.
In this article, we outline how integrating Spenda with your Xero account can enable users to strengthen their business systems and improve cash flow.
Say goodbye to poor cash flow
If you’re currently dealing with the challenges of tight cash flow, our solutions provide business owners with a range of approaches to help you address the different things that may be weakening your financial position. These approaches can include:
With Spenda’s quick and easy Xero integration, you can feed your sales, expenses, invoices and payment information directly to your accounting system. By syncing all of this information in real time, you’ll be able to see exactly how your business’s finances are tracking to meet your regular expenses and plan bigger investments to achieve your growth targets.
Real-time updates allow for real-time adjustments
The option to have real-time data feeds or push transactions daily or in periodic syncs to Xero means you’ll always have the information you need at your fingertips. Use the automated systems to enjoy increased efficiency in your business or take it a step further to analyse your finances and see what you can change to strengthen your cash flow.
Some of the changes you may make through analysing your business’s data include:
By implementing Spenda’s payment infrastructure, Xero users will benefit from real-time data feeds making account reconciliation, cash flow forecasting and financial reporting a breeze. Further, with a real-time view of your business’s finances, you’ll know exactly what levers to adjust to ensure your cash flow is strong at all times.
Download the App to try Spenda for yourself. Alternatively, you can book a free demo with one of our payment experts who can show you how Spenda works and answer any questions you might have.
*This article is for general information purposes only. Consult a qualified financial advisor regarding any changes to or decisions about your business’s finances.
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