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"How much time and money does XERO actually save you?

JULY 7, 2023

"How much time and money does XERO actually save you?

We often talk about how good XERO is. Today, let's do a calculation together! Let's take a company with an average salary of about $25K for 10 people as an example, and calculate how much time and related costs Xero could save for you. Let’s GO!

Accounting + Reconciliation: Reduction of 20 to 50 work hours. Manually processing records takes a lot of time. With XERO's automated features, each person can save about 2 to 5 hours of work per month, which amounts to a total of 20 to 50 hours of work per month!!

Invoice management + payment processing: Reduction of 10 to 30 work hours. XERO's automated invoice management and payment processing can reduce the time spent on manually processing and recording invoices. Each person can save about 1 to 3 work hours per month, which amounts to a total of 10 to 30 hours of work per month.

Financial reporting + analysis: Reduction of 10 to 30 work hours. XERO has automated financial reporting and analysis tools, saving the time spent on manually compiling reports. Each person can save about 1 to 3 work hours per month, which amounts to a total of 10 to 30 hours of work per month.

In conclusion, for a company with 10 employees with an average salary of about $25K, using XERO could potentially save 40 to 110 work hours per month. Based on an average salary of approximately $25,000 (about $200/hour), this means that the boss could save about $8K to $22K in labor costs per month!

Of course, these figures are only rough estimates. The actual savings and costs depend on the actual situation of the company and the workload of each person, and this only takes into account the work hours for handling accounting records. Other work has not been calculated!

But having XERO can indeed save a lot of time. Otherwise, even Fortune 100 companies wouldn't be XERO users!

CLG offers XERO on-board training, and will also understand the company's business operations in advance, setting up the system for you based on the business model. Plus, we offer year-round post-sales support services to help customers get started with XERO painlessly. If you're interested in learning more, contact us to schedule a demonstration now!"