Xero is an online accounting software tool for small businesses that enables users to do the following:
- Get a real-time view of your cash flow. Log in anytime, anywhere on your Mac, PC, tablet or phone to get a real-time view of your cash flow. It’s small business accounting software that’s simple, smart and occasionally magical.
- Run your business on the go. Use Xero mobile app to reconcile, send invoices, or create expense claims — from anywhere.
- Get paid faster with online invoicing. Send online invoices to your customers — and get updated when they’re opened.
- Reconcile in seconds. Xero imports and categorizes your latest bank transactions. Just click OK to reconcile.
Rave + Xero Benefits.
- Integrating Rave and Xero gives access to cash flow reconciliation of marketplaces transactions
- Rave + Xero integration enables merchants awaiting an agreed-upon settlement to spend while expecting payments. Debit account selected while configuring integration settings will be debited while credit account selected will be credited after settlement.
- Merchants get payments into their added bank accounts on Xero while awaiting an agreed-upon settlement. This is not technically a loan but an advance against future receivables.
- Accounting deficit greatly reduced as Rave + Xero integration gives an efficient and accurate balance of all accounts before, during and after settlement.
- Track the amount Rave owes you.
- Track the fees rave charges you.
- Track all transactions occurring in your rave account on a daily basis through Xero
- Track all transactions on Xero through your rave account.