Why using Xero accounting software for financial reporting is so frustrating
Xero accounting software offers small business owners a simple way to manage invoices, cash flow, purchase orders and inventory tracking. You can create invoices, see account balances and handle other basic accounting functions. Where it falters is when your growing business expands to more than one legal entity. This is because Xero accounting software does not allow data from multiple legal entities to be stored in a single database, making it difficult to manage inter-company transactions and develop consolidated financial reports across your company.