The majority of small businesses (73 percent) state their biggest financial stressors are managing revenue, expenses and collecting overdue payments, according to a recent Zogby survey commissioned by online accounting software provider Xero. The best way to mitigate this stress is to stay on top of cash flow, and Xero has made that one step easier today by releasing the Xero Touch app for Android device users.

Already available on iOS, the new Xero Touch app for Android contains unique features that give users instant insight into where their business stands – a mere screen tap allows users to check account and credit card balances, as well as detailed descriptions of transactions. Benefits that small business users can gain from using the Xero Touch app include:

No more delayed invoices. Create invoices on the spot right from your phone, as inventory functionality makes it fast and easy to itemize invoices. With customer contact details available in the app, new invoices can be emailed right away and overdue invoices can be followed up on with a call and re-sent with just a few taps.

No more lost receipts. Gone are the days of crumpled expense receipts lurking in pants and purse pockets. Users can snap photos of receipts that are then instantly uploaded into their accounts. Expenses can be submitted right from their phone.

In today’s world, real-time services that allow small businesses to be nimble are critical for a business’s success and prosperity. Sixty-Six percent of small business owners said they access business apps from a mobile device, and 43 percent do so at least once a day. Of those same small business owners, 58 percent said their mobile devices made business more efficient, and 50 percent said that they would be interested in mobile accounting tools.

“As a small business owner, I am constantly in five places at once,” says Caitlin MacGregor, cofounder of cream.hr. “Xero Touch made overseeing and understanding finances convenient for the first time. While there still is stress with operating a business, I now feel I can concentrate more on business development, staff, and production. To the Android users: Watch out. This accounting app is addictive.”

Xero found that industrious small business owners don’t always sit behind the desk crunching numbers, but that the majority manage finances on-the-go: whether on the beach or the ski slopes, 46 percent checked their finances on vacation, while 15 percent checked them during the work commute, and 12 percent from the airplane.

Many also multitasked during designated social or down time: 30 percent checked finances while watching TV and 18 percent while at a bar or restaurant. Other places financial monitoring took place included hotels, waiting for car repair, and even the front porch. Now these small business owners have extra ease and convenience with Xero Touch for Android.