Being Xero Accountants for some time, we are well placed to explain the transformation that Xero has brought to the world of accountancy packages for businesses.
Being an online system and because everything is held in the Cloud, the traditional historical based reporting and ‘after the event’ relationship with the accountant has been transformed into one where the business owner can monitor his business in real time and work side by side with his accountant on a daily basis.
Xero was written with the end-user in mind and offers an easy to use dashboard, without the confusing jargon of some of its more established competitors. Bank balances, amounts owed and owing are all clearly identifiable.
Data feeds of bank payments and receipts can be delivered automatically straight from the bank, and entries automatically posted to the correct nominal ledger code, eliminating time consuming data entry and decreasing the chance of operator error.
Access is available 24/7, 365 days a year, to unlimited users, from anywhere with an internet connection. That means, for example, that you can be raising quotes whilst on site, raising end of day timesheets on the train, or preparing invoices before you leave a client’s premises. These can then be emailed direct to the client, there and then, improving cash flow.
Your accountant can also access the data from his office. No more emailing backups backwards and forwards. The accountant can simply login remotely and you can both be looking at the same screen at the same time, discussing how the business is running and deciding what improvements can be made. As a result of this increased efficiency, clients of accountants that use Xero can benefit from lower fees.
Updates are automatic and there is no messing around with upgrades and patches. Everything is updated centrally for you on a regular basis. Backups are automatic so there is no risk to you of data loss and free email support is available all year round.
There are also currently over 300 add-ons apps that work seamlessly with Xero to enhance your businesses performance.
Virtually everyone that we have shown Xero to has been impressed and we have no doubt that Xero will lead the way in accounting in the UK in the future. If you would like a free Xero demonstration from one of our experts please get in touch.