Daily Bulletin

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Smallest businesses win big as Invoice2go and Xero integrate

  • Written by Romina Favero

The integration of the two platforms simplifies the accounting process for small businesses and accountants, making tax time a breeze

The new feature is one of several introduced by Invoice2go to save small business owners time

SYDNEY - Invoice2go, the world’s top-selling mobile invoicing app, today announces it has integrated with small business platform Xero to further simplify the accounting process for small business owners, and the self employed.


Invoice2go users will now be able to automatically sync invoices and clients to their Xero account. Once the two accounts are linked, each invoice sent from Invoice2go, complete with line items, client details and tax information, automatically updates in Xero.


The integration eliminates the need for users to manually create an invoice and client details in both Invoice2go and in Xero, and ensures a comprehensive account of issued invoices is kept across both accounts, simplifying tax time. It comes as the company looks to new ways it can provide small businesses all the tools they need to manage their cash flow, get paid sooner and maintain a healthy bottom line.


“We’re pleased to offer our customers a more simplified accounting process by integrating with Xero. We pride ourselves on continually working to improve customer experience so they can spend less time on the papertrail, and more time doing what they love,” said David Morrison, Director of Product, Invoice2go.


As well as integrating with Xero, Invoice2go has recently introduced Time Tracking and Appointments features, enabling it’s users to take more control over the billable time they spend on-the-job, and manage their customers and appointments more efficiently.


“Time is money for small business owners, and from day one we have set out to help people get paid and save time in the process. Appointments, Time Tracking and integrating with Xero are all ways we can help our customers get paid more efficiently for their time spent on a job, keeping their accountants happy with up-to-date paperwork at the same time,” said Morrison.



About Invoice2go
Invoice2go is the mobile invoicing app that gives small businesses, and the self employed, control over their time and business. Offering the most straightforward way to run a business, Invoice2go brings together all the tools needed to get the job done: From winning jobs, tracking estimates and payments, and offering customers the ability to pay any way. The company was started by a small business owner who came from a family of tradespeople, and wanted to help them streamline their invoicing. Today, Invoice2go's popularity has spread around the globe, with more than 250,000 small business owners in 160+ countries using the app to send $24 billion in invoices every year.


To create a free account, go to https://invoice.2go.com, or download the app from Google Play, or the Apple App Store.

The Ultimate Guide to Starting a Business

  • Written by News Company


If you plan on starting up your own business then keep reading!

You Don’t Have To Rush

In order to have a successful business you will have to come up with a unique business idea. This will take a time as you will have to identify a gap in the market. Most of the successful firms today have reached the top because they all came up with innovative ideas which in turn were loved by the consumers. So don’t be in a rush to start up a business, this is because there are high chances your product might fail which means you will lose a lot of money. So do carry a market research and before launching a product it is advisable to do test marketing or product trial to see how consumers respond to it.

Look For Financiers

Once you have come up with a new business idea that is after months of research, you will then have to come up with a business plan. This needs to be presented to the financiers who will be funding on your project. This is not going to be an easy process because financiers might even doubt the project and will even criticize it. However, you need to be confident at all times and present it really well. Usually presentation documents are quite large and it is likely that during the meeting some of the investors might zone off. This is why you should make a habit of sending large files to investors which they can go through in their free time before they decide whether they want to invest in the project or not. Also there will be quite a few investors who will let you down and not help you with funding the project. In that case you could get a partner who is actively involved in the business, this will not only help you to raise finance for the business but the partner will also share responsibilities and losses. However, even if this doesn’t work you could do a job for a couple of years save up some money and then start your business. Remember nothing is impossible, sometimes you will just have to work harder to achieve what you really want.

Marketing Is the Key to Success

You read that right, without marketing you will not be able to increase your market share. This is because marketing raises awareness and therefore increase the demand for your product or service. Back in the day firms had to spend millions in order to promote their products. However, today firms can promote their products without spending any money at all. They could simply promote their products on social media platforms such as Facebook and Instagram. Another way through which you can promote your business is by sending products to social media influencers who would post review about your company.

Lastly, always have a backup. This is because market conditions can be quite unpredictable so what works today might not work tomorrow. So don’t give up when the trading situation becomes difficult, instead take up challenges positively as that will truly make your business successful.

Image Source: https://unsplash.com/photos/70cFONBgdfQ

 

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