What is Xero?
Xero is an entirely cloud-based accounting software for small businesses. It performs bookkeeping functions such as invoicing and payroll and allows you to connect the program to a live bank feed. The software simplifies everyday business tasks and has many features that don’t just include paying bills on time. Features include;
- VAT returns
- Claiming expenses
- Bank connections
- Accepting payments
- Tracking projects
- Bank reconciliation
- Managing contacts
- Capturing data
- Online filing system
- Accurate accounting reports
- Keeps track of your inventory
- Multi-currency accounting
- Creating and sending purchase orders and invoices
- Creating professional quotes
- Tracking metrics
Why do we use Xero?
Here at Cloud Accounting we decided some time ago that we were going to be a 100% Xero practice. We love Xero, and wanted to be really good at using just one accounting package. A system that we could whole-heartedly recommend to our clients. The advantages far out-weigh the disadvantages when it comes to working with Xero and the tools are there to give clients full resources to take their business to the next level.
As we are experts in using Xero, our clients know that we can better serve them with optimum knowledge with one accounting package. Using multiple accounting software systems was a heavy burden on our staff and it keeps them a lot happier knowing that they can focus on just one.
Another reason why we love Xero so much is that It’s an open package. In our view, it’s the best package out there with a large third party market of add-ons.. Third party software providers can develop apps to plug into Xero. The third party market is growing all the time and is one of the most exciting parts of the accountancy profession. Small businesses can benefit from this as they can tailor their needs to what their business requires.. We can fine tune your Xero package to suit your business. These were previously the preserve of large companies with big IT budgets. Similarly, because of the open nature of the software, the most innovative apps focus on how to dovetail with Xero first (our friends at Clarity-HQ have a great platform to bring the raw data in Xero to life).
Xero can automatically handle tasks and store them safely in one place so you can access all your data from where you are. It’s user-friendly approach helps customers get a better grip on their finances; the more efficient a business can be, the more it will succeed.
Cloud Accountant’s qualified, professional accountants value collaborating with our clients and understand the need for clear, concise communication throughout our partnership. Our qualified experts are on-hand to help your business to the next level. If you’d like to discuss how you can work with our experts and reap the financial benefits for your company, contact us today on 0113 323 1960 or Itjustclicks@cloudaccountant.com for a confidential discussion.