Xero Releases Practice Manager for the Accounting Community

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Xero, the global leader in online accounting software, on June 12 released its online practice management solution Xero Practice Manager, which delivers job, time, and invoice management to accountants and bookkeepers.

Practice Manager delivers all the key features an accountant or bookkeeper would expect from practice management software, but makes users more efficient by connecting to Xero, pulling client data in to keep contacts up to date and turning completed jobs into draft invoices in Xero. This means less moving data around between disconnected systems.

Organizations that use Xero Practice Manager can experience a faster turnaround of jobs, resulting in a reduction in the work in progress, increase working capital as a result of a decrease in debtor days, and can improve the productivity of their staff as a result of the streamlined processes provided by the platform.

“Our priority at Xero is to build tools that make running a business easy, and Practice Manager is exactly that – a tool specially designed for accountants and bookkeepers that more efficiently manages their workflow,” Xero US CEO Peter Karpas said. “Similar to what we currently offer our small business customers, we implemented feedback from our partner community and simplified the process by creating a tool that helps our accounting partners manage workflow, time tracking, invoicing, tax prep, and billing options giving them greater visibility into their business workflow.”

Firms that use Practice Manager will be able to connect their practice management to client accounting, become more efficient, take control of cashflow, and have better visibility over their business.

Further efficiencies can be gained by using Practice Manager in conjunction with the Xero online accounting solution, improving the sharing and collaboration of clients’ financial information.

Xero Practice Manager, a branded evolution of the WorkflowMax Practice Manager offering, is a key component of Practice Studio, Xero’s suite of tools for accountants and bookkeepers.

Xero Practice Manager is currently available at no software license cost to members of the Xero Partner Program who have Silver status or above.

About Xero:
Xero is beautiful, easy to use online accounting software for small businesses and their advisors. The company has over 280,000 paying customers in more than 100 countries around the world. Xero seamlessly integrates with over 300 best-in-class business tools such as as Square for processing payments on mobile devices, ADP for managing payroll and Google Apps for integrating Google docs. Recently Xero garnered a “Top Choice” review for online-based business accounting apps from MacWorld. The Xero US team is headquartered in San Francisco. Xero is hosted with Rackspace in Chicago.