Which is the Best Accounting Software for Small Businesses?

To submit a Making Tax Digital (MTD) VAT return in Xero, follow the steps given below:

• Open your Xero account
• navigate to ‘Accounting’
• Click on VAT Return
• Enable MTD
• Authorize Xero to connect with HMRC
• Once authorized, you can file your VAT return directly from Xero, with automated record-keeping and real-time tracking of VAT liabilities.

To set up automated invoice reminders in Xero, follow the steps given below:

• Open your Xero account
• Navigate to Settings
• Click on Invoice Settings
• Enable reminders
• You can set the frequency, timing, and message for reminders based on the invoice due date.

Cloud accounting in Xero enables companies to handle accounting duties and financial records remotely, from any device that connects to the internet. This design is ideal for remote work because it offers safe data storage, automated updates, and real-time collaboration.

To import invoices in bulk into Xero, follow the steps given below:

• Open your Xero account
• Go to the Sales menu
• Use the CSV import feature and prepare your invoices in a CSV file using Xero’s template
• Upload the CSV file

Xero integrates with many POS and inventory systems, like Square, Vend, and DEAR Inventory.