Xero Accounting Link
POS software company Tower Systems offers a fully Xero integrated POS software solution.
Developed for specialty retail channels, the Tower Systems Xero link delivers seamless integration for jewellers, garden centres, bike shops, gift shops, homewares stores, toy shops, garden centres, produce stores, fishing and outdoors business and more.
The Xero POS software link is best-practice and backed by our own in-house CPA who manages our own retailer businesses where we use the Xero link ourselves. yes, as a POS software company we walk in your shoes.
The Retailer to Xero Link Makes Accounting Easy
The powerful Tower Advantage Link platform allows Tower Systems' specialist retail software to connect directly to Xero, one of Australia's most popular and streamlined accounting services. Linking Retailer to Xero saves you precious time by completing the majority of your day-to-day accounting for you. We are experts at bringing independent retail businesses and Xero together and pride ourselves on connecting business owners with such an innovative, useful service.
What is Xero?
Xero is an easy to use accounting software service that is designed specifically for small businesses.
It's an online service, allowing you to work when and where you want to. You can access Xero from any device: your PC, Mac, tablet or mobile. Your bank statements are automatically imported and categorised, letting you see your cashflow in real-time. You can invite your team and work together on financials and collaborate over your up-to-date numbers. Xero has all you need to run your business – including invoicing, paying bills, sales tax returns, reporting and much more.
Find out more or try Xero Accounting Software for free.
What is Transferred to Xero?
End of Shift based department-level sales are transferred to Xero via a sales invoice. Each department can be assigned its own Xero account.
Invoices received into Retailer are transferred to Xero at department level. No individual stock items are transferred.
Write Offs & No Sales
These are transferred to individual expense accounts depending on the transaction reason chosen.
Cost Of Sales
An option on sales exporting is to export Cost of Sales. While not a full implementation of COGS it does transfer over the cost price of items sold each day to reduce the value of Stock On Hand in Xero. If you use this option you will export Write offs, not as expenses, but as adjustment to your Stock on Hand. This makes processing stock adjustments for the End Of Month much easier.
What are the costs?
The Tower Advantage Link is a subscription-based software as a service platform. For a monthly fee of $35 you will be able to access the Xero link. This monthly fee covers you for support, assistance with setup and for maintaining your link to Xero. To continue accessing the service you also need to remain supported under the Tower Advantage program. It is also a prerequisite that you own a license to the Retailer Accounting Link. If you do not already own a Retailer Accounting link license you can purchase one for $995.
Do I already own the Accounting Link Module?
To check to see if you own the Accounting Link module: from the Main Screen of Retailer click on Help, then click on Register. If the Accounting Link module in the box at the bottom is ticked then you own the module. If it is not ticked you do not own the module and you can purchase it during the sign up process. If you believe this is an error please contact the Tower systems accounts team (email@example.com) and they will check your records.
How do I sign up?
- Go to www.towersystems.com.au and login to your Tower Advantage account.
- Click on the Tower Advantage link logo on the left hand side.
- You will then be logged into the Tower Advantage Link home page. Click on Sign Up.
- During this sign up process you will be asked to select a plan. There are 2 plans available.
Plan 1 - Monthly Access to Xero Link, $35/month. Select this option if you already own the accounting link.
Plan 2 - Monthly Access to Xero Link, $35/month plus Retailer Accounting Link Module for $995.00.
Select plan 2 only if you need to also purchase the Accounting Link. Once you have purchased this plan please contact the help desk so the Accounting Link Module can be activated.
- You will be asked for your credit card details in order for us to perform the monthly billing, to be billed every 30 days.
- You are now ready to configure the Accounting Link.
How do I set up the Xero Accounting Link and how do I export data?
Please log into the Tower Advantage website and access the knowledge base. There are two articles;
Xero Integration Setup
This article will guide you through the setup process. The process should take one hour to complete and it is advisable that you have someone on hand with both knowledge of Xero and accounting principals.
Exporting Data to Xero
This article will guide you through the daily export of data process, which takes two minutes to complete.
If you have any question please do not hesitate to contact our support team. Please be aware they will not be able to provide accounting advice.
Click here for a list of Xero skilled accountants that serve retail business customers.
Please email firstname.lastname@example.org or give us a call with your questions and one of our staff will get back to you.