We love Xero Cloud Accounting Software and we think you’ll love it too!
Using the right tool for the job is crucial, especially when you’re dealing with something as important as your company’s finances and accounting. At AK Tax we are specialist Xero accountants and certified Xero Advisors. This means we have the training and the expertise not only to use the software but to help you understand and take full advantage of it to support and grow your business.
Using Xero, or any other cloud accounting package, is by no means a prior condition to working with us. We are fully qualified accountants and if you’d rather do things the old fashioned way then that’s absolutely fine with us.
That said, we highly recommend you give Xero a try as we think you’ll be blown away by the benefits you can get from it.
Xero Online Accounting Explained
Xero is a cloud accounting solution which means it runs straight from your web browser, without the need for you to download any software at all. Xero is an extremely powerful accounting tool but because it then runs directly off servers based online it’s not reliant on your own computer’s hardware for processing information. This means even the most basic company computer can take full advantage of Xero with ease.
Xero gives you the convenience of being able to update your financial records and view your cashflow at any time and from anywhere in the world that has an internet connection. Gone are the days of having to send files and documentation to your accountant through the post or over email. This is because online bookkeeping works in real-time so what you see, your Xero Accountant can see and advise you on then and there.
Xero cloud accounting means keeping on top of all of your business’s finances and accounts has never been easier.
More Accounting Functionality than ever with Xero
Xero is available in a range of packages that, as Xero Certified Accountants, we can advise you on. The software also comes with a wide feature set. Some of the more basic functionality you may want to use yourself, whilst the huge number of advanced features can be used directly by your Xero Accountant.
Automatically generate an unlimited number of invoices and send them out automatically to your suppliers or customers. You can also easily make payments to invoices received and scan them directly into Xero.
Xero allows you to view your accounts in a variety of ways, including a general ledger view, profit and loss accounts, bank statement and aged accounts receivable.
Xero also allows your accountant to access more complex accounting functionality such as fixed assets, stock control and calculating depreciation.
Xero’s bank reconciliation feature allows the software to automatically match bank transactions to credits and debits on your ledger. You can tailor this by adding custom bank rules.
UK Payroll Functionality
Xero now comes with full UK payroll functionality, allowing you to generate P45s and P60s, make direct payments to employees and contractors and manage deductions and annual leave. It is also set up for auto-enrolment and the submission of Real Time Information (RTI) to HMRC.
Third Party App Integration
One of Xero’s great advantages over many of its rivals is the level of integration with third party e-commerce platforms, such as Shopify and iZettle. Perfect for businesses selling goods or services directly from their website.
Xero also comes as a mobile app for Android and iOS, meaning you can access your company’s financial information whenever and wherever you are, as long as you have an Internet connection. Check balances, upload receipts and even invoice customers, all from the palm of your hand.
Xero Cloud Accounting software also comes with full reporting functionality, allowing you to view charts and tables of your data filtered however you want to see it. You can also export your financial data into a number of common file formats.
Because Xero software is run from the Cloud that means it’s updated automatically, which means you will always be running the very latest version of the software, with all the recent features.
Get more from your Accountant with Xero
By opting to use Xero you’re not giving up your accountant, you’re connecting them more closely to your financial data, whilst empowering your company to have more visibility of its own financial data.
Opting to work with a Xero Accountant means you will have more help and advice than ever before and all when you need it most. Giving us access means that all we need to do is log in, take a look at your figures and we can advise you from there if we need to. This allows us to spot new financial opportunities that you may have missed, or remedying any problems or accounting errors quickly and efficiently.
We can also set it all up for you and get you started as soon as possible.
The Benefits of using Xero Cloud Accounting
There are numerous benefits to using a Xero. One of these is in how easily bank reconciliations will become. You don’t even need to download your bank statements anymore, as Xero uses a secure connection to automatically receive them for you. The automated reconciliation software allows you to reconcile quickly and accurately, meaning you get a regular up to date snapshot of your business finances. Something doesn’t look right? No problem, as we can log in and perform a health check straight away.
Invoicing is also a very tedious and time consuming process, but with Xero this is made a lot easier and keeps you on top of everything. As soon as a job is finished just log on and send an invoice straight away. Then as soon as that invoice is received and opened you will be notified. This means keeping track of who has paid and who hasn’t will be a lot easier for you to stay on top of.
As Kent accountants we recommend to all of our clients who aren’t already using cloud accounting technology to start using Xero. If you have any other enquiries or questions about why using a Xero accountant is a smart move for you don’t hesitate to ask, just get in touch with us. Or go to Xero.com to check the software out for yourself.
Xero Cloud Accounting Reviews
Xero isn’t the only Cloud Accounting package out there but it is in our opinion, the best and easiest to get to grips with from a non-technical point of view. But don’t take our word for it; below is just some of the praise Xero has received from the technology press.
“One of the easiest online accounting systems we’ve tried.”
“Simple to use and does not require formal accounting knowledge to manage day-to-day business tasks.”
“For many small businesses, Xero is a fantastic cloud-based accounting solution.”