In this constantly developing world, along with technology, even accounting has made its headway! And that’s certainly partly down to the creation of outstanding cloud accounting software like Xero.
Not only does this software simplify and automate the accounting procedures most accountants used to waste so much time on, but it also offers valuable insights that help entrepreneurs add value to their business.
Whilst acting as a remarkable collaboration tool that assists your business to achieve more from your liaison with a Xero accountant, switching to an accountant that welcomes this software has got its own potential to make far-reaching changes in the productivity of your organisation.
At N-Accounting, we’ve seen the difference that Xero can have on SME’s. It isn’t just your bog-standard accounting software – in fact, it’s an entirely new way of working that offers guidance and prised suggestions that your business needs to move forward in order to grow.
Below, we’ve mentioned 4 reasons why it is important to work alongside a Xero accountant.
Whether you wish to update the bills and receipts folder, take a look at the present financial statement or send an invoice, Xero does it all! Since its inception, the need for piles and piles of paperwork has ceased to exist. Now all you need to do is sit back and relax, and watch the software do the hard, monotonous parts – from processing invoices, sending emails to buyers, to filing business dealings in the books… there’s not much that Xero can’t do.
In addition to this, with the help of Xero’s add-ons, such as its receipt bank feature, you can now effortlessly trim down the time and effort used in the day-to-day running of your business. But why does this benefit you as a business owner? Well, it’s simple. Time is money, and everyone knows that accountants will charge you for your time. So if you can work with an accountant that uses technology to get ahead, you can be assured that their expertise is focused on exactly what you’d like it to be.
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The entire focus of Xero is on ‘real-time’ data. It goes through all of your company’s latest business deals and gives you a detailed update of key figures. Moreover, with its dashboard facet, you can get a live view of your business’s cash inflow and outflow, Xero balance and other pending invoices and bills. This will allow you to make cut-throat decisions whenever you need to, without the added risk factor
Ease of Access
With ambiguity regarding breaches and information, security is one of the best attributes of Xero, because come what may, it keeps all your data secure. But better yet, the software is available to its users anywhere. You can make use of its features whenever you want, wherever you want.
If you require data at a lightning speed, you can have it. With easy access to your data, you’re no longer confined to the four walls of your office. Simply log in using your credentials and get immediate updates.
When you’ve got your hands on Xero, it ensures that your work is being done more efficiently, letting you check your business’s cash balance on the go!
Makes the Accounting Process Simpler
Xero has been specifically created to ensure that entrepreneurs can reduce their accounting process to a version that is more streamlined. It’s intended to be pretty straightforward, so you don’t have to worry about buying software that remains completely alien to you.
Only churn out the data that you need with the help of Xero’s drilled-down information points. And then if you require a more succinct explanation of the health of your business, you can pick up the phone and talk to your small business accountant. After all, they are experts who are waiting to help you grow your SME.
So, are you all set to add Xero into your business and see great results? Get in touch with us today and we’ll assist you with the next steps. You’ll be kicking yourself that it took you so long to get started!