Measuring Recurring Revenue Just Got Easier Xero repeating invoices make it easy to automatically bill clients, but there are no reports that forecast your repeating income. That’s what drove the creation of DonkeyBean, which connects to Xero and creates instant forecasts for repeating income...
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hat’s the most important word for long term success in business?
Some would suggest words like “hustle”, “persistence”, “customers” or “profit”. While those are good words, I think the most important word for long term success is “PREDICTABLE.” Telecommunication companies know this. Electricity companies know it. Supermarkets know it. Xero knows it. The truth is, without predictability in business you’re likely to experience a rollercoaster cycle of peaks and troughs, which can cause a lot of fear or anxiety for business owners. In contrast, building a business with recurring revenue is the ultimate example of predictability. Thanks to Xero’s repeating invoices, billing customers on a recurring basis is simpler than ever before. But for repeating income to be predictable, you need to be 44 / Issue 12
Josh Moore, Founder, DonkeyBean Josh is the founder of DonkeyBean. He also owns a digital marketing agency which uses Xero repeating invoices extensively. Their own desire for accurate forecasting of recurring revenue led to building DonkeyBean, which automatically creates forecasts from repeating invoices in Xero. DonkeyBean is now used by Xero customers around the world.
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