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  • AccountableBristol

Is XERO a good accountancy software?

If you own a business, you already know that bookkeeping and accounting are critical duties for any company, especially one that wants to flourish in the long run. You'll never know if your business is profitable or if you can afford to buy new assets or expand if you don't have a good accounting system in place. If you don't have accounting software for your business, you're missing out.

Many of the business owners we work with have never considered utilising a computer-based accounting system, preferring instead to handle their bookkeeping by hand. This choice is typically connected to the fear of change; the worry it will be too cost prohibitive, and the fear that a lack of bookkeeping expertise (sometimes no grasp of bookkeeping at all) will be too great (and timely) a hurdle to overcome. You are not alone if you fall into one of these categories. However, we can tell you that this is not the case, especially when using the appropriate software.

Our clients are encouraged to utilise the Xero online accounting software.

It's easy to use, and you'll be up and running in no time.

We also provide Xero workshop training sessions for people of various skill levels. Whether you're a start-up, a total novice, or an intermediate user, we can teach you all you need to know in only a few hours.

Xero will help you save time and money while managing your finances and building a long-term business. Let's look at how Xero can assist you and your company, and how the accounting software puts all of your accounting needs at your fingertips.

Benefits to using Xero

- Flexible working enables you to access your finances at any time and from any location.

It's all about managing work-life balance in today's world, and working from 9 to 5 isn't always doable. You can keep track of your business finances anywhere you are with Xero; whether you're in line at the supermarket or on your commute, you'll be able to log in using your smartphone or tablet (or your PC or Mac).

- Increase your cash flow and be paid faster.

Xero provides businesses with all of the tools they need to be paid more quickly. You'll be able to send online invoices, which will not only save you time but also allow you to check if the receiver has opened it and pay you directly through the invoice. A quick and painless approach that assures you receive your payment quickly and without delay.

- Avoid expensive bookkeeping mistakes.

If you operate a small business and choose to do your own bookkeeping, bookkeeping errors may devastate your budget and result in costly invoice problems. Xero can assist you in avoiding these problems by monitoring the data you've input and notifying you if any errors arise. The days of misplaced decimal points and erroneous addition and subtraction will be over.

- Xero can help you with time-consuming chores.

Tired of wasting time on boring and repetitive chores that prevent you from doing projects that will increase the value of your company? Allow Xero to handle the heavy lifting for you. Xero's automatic 'Invoice Reminders' can handle all of the chasing for you. If an invoice is due, it will automatically send an email to your customers.

- Join forces with your accountant

The Single Ledger is how Xero refers to it, but it's simply a single piece of data that both you and (hopefully) accountable can interact with. Communication is crucial in every partnership or successful connection. It saves you the time and effort of exporting data and emailing it to your accountant, just to have it become out of date soon after. It guarantees that all parties are working with the most up-to-date information, allowing you to identify and address any issues that may arise, as soon as they occur.

- We're certified partners.

This means Accountable have been approved as certified advisors for the Xero software, meaning you'll receive the best advice, guidance and training every time.

If you would like to know more about Xero and how we can help you take control of your businesses' finances, please get in touch with us today! If Xero isn't for you, no problem - we're experts on a whole host of other accounting software too.

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