Product-driven companies need more than just inventory management to truly understand their business. In fact, without reporting inventory to accounting, a business gets only part of the picture. Cin7's Xero integration brings these two critical tools together for efficient, streamlined business management.
The Cin7 Xero Integration and Business Success
Is it possible to make millions of dollars a year yet still not know if you’re profitable? Surprisingly, this phenomenon is more common than you might think. Oftentimes, a product-driven business won’t make the connection between its revenue and its profits. With Cin7 Xero integration, businesses first understand their costs then see how that translates to their bottom line.
Xero: Accounting Born in the Cloud
Launched in 2006, New Zealand-born Xero let businesses (and their accountants) know their financial health anytime, anywhere. Today, Xero has more than 1 million global subscribers and a staff of 1,800 in 20 offices around the world. Xero is one the fastest-growing cloud-based solutions around. Businesses use Xero to monitor and manage expenses, run payroll, pay their bills and more. With the Cin7 Xero Integration, product-driven companies can fuse the solutions they need to efficiently manage a profitable business.
What the Cin7 Xero Integration Does
Cin7 lets you automate sales and purchase order processing while giving you the real-time visibility to control inventory levels and keep costs down across all your channels. Cin7’s Xero integration seamlessly updates your accounting solution with critical transaction and inventory data. With Cin7 and Xero, you can:
1. Automatically report your cost of goods sold and inventory adjustments to Xero journals for continuous, real-time accounting.
2. Update Xero with Cin7 purchase orders, invoices and credit notes at the click of a button and report purchase orders as bills in Xero.
3. Easily report to Xero the deposits made on sales orders and purchase orders generated in Cin7.
4. Set up alternate General Ledger accounts to refine how you report sales orders to Xero.
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