Cloud based Accounting software
Steve goes through the cloud and accounting software and the benefits of this software
Xero is used by millions of people all over the world assisting them in running their small business’. Xero is easy-to-use accounting software and you can access your financial information via your Xero login from any Internet connected device as Xero is cloud based.
Importantly Xero connects to your bank account so every bank transaction feeds directly into your Xero account. This saves time as you no longer need to manually enter transactions. Xero makes it easy to allocate transactions and simple to reconcile the bank account.
Once you set up your Xero account, there’s nothing else to install. All upgrades are free and everything is backed up instantly. You can email invoices to your clients directly from Xero.
Your accountant or bookkeeper also has user access to help manage your Xero file. Xero also integrates with all sorts of popular business apps which offer additional tools for a point of sale, inventory, job tracking, recording receipts and more.
There are three main benefits:
The benefit of the cloud is that you can access your financial management system anywhere anytime. Also this offers more security, as if your computer crashes or is destroyed, you can access your Xero file from any device with an internet connection.
A lot of bookkeeping time is saved due to the bank transactions being fed directly into Xero. This means less entering of information and easy allocation of transactions making bank reconciliation a breeze. The payroll system creates a more efficient streamlined payroll process.
The daily bank feeds & easy bank reconciliation process now means financial information is current and accurate. Owners can easily check their current debtors, creditors and cash flow position as well as how sales have been performing.
Our initial free consultation will identify whether you're comfortable with our personality, style, service & value that is to be provided so you can make an informed decision to engage us.
We will provide an ethical letter to your Accounting firm advising we are managing your financial compliance obligations from here and request any information that we may need.
We will agree with you on the services you require from us over the next 12 months and agree on a fee amount and payment terms that are suitable to both parties