Xero an online accountancy software provider, says its new ‘Xero Touch’ app for Android (it is already available for iOS), contains unique features that give users instant insight into where their business stands. A mere “screen tap”, says the company, allows users to check account and credit card balances, as well as detailed descriptions of transactions.
Xero hope to enable businesses to reduce the time to generate invoices with the functionality to create invoices on the move. With customer contact details available in the app, new invoices can be emailed and overdue invoices can be followed up with a call and re-sent. Furthermore, Xero hopes to aid users with their submissions of expense claims, by enabling users to take a photograph of their receipt and then upload to their account and submit all whilst out of the office.
The necessity to create an Android app is highlighted in a recent Zogby survey sponsored by Xero, which cites that sixty-six percent of small business owners said they access business apps from a mobile device, and 43 percent do so at least once a day. Of those same small business owners, 58 percent said their mobile devices made business more efficient, and 50 percent said that they would be interested in mobile accounting tools.
The findings of the survey also indicated that the majority of small business owners manage finances on-the-go: whether on the beach or the ski slopes, 46 percent checked their finances on vacation, while 15 percent checked them during the work commute, and 12 percent from the airplane.