ONLINE ACCOUNTING SOFTWARE PROVIDER Xero has launched online practice management program Practice Manager.
The program links up with the Xero suite of programs, pulling client data in to keep contacts up to date and turning completed jobs into draft invoices as a result of the integration of the programs.
Firms will be able to use Practice Manager as a tool for job, time and invoice management. It is designed to enable better client accounting, deliver efficiencies, improve control of cashflow and provide better visibility over their business.
Faster turnaround of jobs in turn provides greater access to working capital due to a decrease in debtor days, Xero claims.
Xero UK managing director Gary Turner (pictured) said: “Practice Manager equips accountants and bookkeepers with the tools that free them up from time-consuming administrative tasks, allowing them to focus on the important advisory role and adding real value to their small business clients,” he said
“By unifying both small business and accounting tools on the same cloud platform, accountants and bookkeepers can increase efficiency, saving time and money.”
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