If you’re an owner of a business, you will know that accounting and bookkeeping are essential, particularly for a company that wants to succeed long term. If you are not already utilising accounting software for your business, you’re missing out on the opportunity to run your company more efficiently.
We actively encourage our clients to use Xero. It’s simple to use, and it’s something you can get to grips with quickly. An Accounting Gem offers Xero training sessions, no matter your current skill level. Whether you are own a start-up or are an established business, a complete novice, or at an intermediate level, we can teach you everything you need to know.
WHY SHOULD I USE XERO TO HELP RUN MY COMPANY?
Work where and when you want to
Whether you want to use your PC, Mac, laptop, tablet, or smartphone, you can stay on top of your finances wherever you are with Xero. Xero also ensures you – and anyone else who needs to access your finances – are working off the correct data whenever you want and wherever you are.
Improve cash flow and get paid faster
Xero gives small businesses the power to get paid faster. It allows you to move away from paper and printed invoices and move your finances online. You’ll no longer need to send a PDF to clients via email or the post. The advantages? Not only is it faster, but you’ll be able to see whether it’s been opened, and your customers will have the ability to pay you online through the invoice. The quicker the process, the faster you get paid.
Let Xero do the heavy lifting while you sleep
Xero performs the tedious, repetitive tasks that typically take up your time. So with it in place, you’ll be able to focus on adding more value to your business by doing more important things.
Xero’s automated Invoice Reminders can chase for you. Suppose your customers sometimes take a while to pay you, or you are spending hours chasing overdue invoices. In that case, Invoice Reminders is a must-have. It will automatically send an email to your customers if an invoice is about to become due or it is already overdue.
And if you’re an advisor, then Find & Recode could save you hours. It’s easier than ever to find your way through a client’s records and then update those records en masse. Hundreds of records to update? Find & Recode will save you hundreds of minutes.
Collaborate with your advisors
Xero refers to this as the Single Ledger, but it is a single set of data that both you and your advisor can work from. As with any partnership or a good relationship, communication is vital. When you are both seeing the same set of data simultaneously, it means all parties are privy to the whole picture. It saves you the hassle of exporting data and sending it to your advisor, only for it to soon become out of date. It ensures that all parties are working off current information enabling you to highlight any problems immediately and deal with them efficiently.
Xero grows with you
Xero already works with over 500 products, so it doesn’t matter if you’re setting up a business or you already use various systems. Xero’s ecosystem can help you.
You could integrate it with your email (Gmail or Office 365), or you might want it to be linked to a specialised system – such as your CRM, inventory, or industry-specific solutions (such as Vend or Shopify). Xero’s add-on marketplace allows the flexibility to create a mix that meets your specific needs.
At An Accounting Gem, we’re ideally positioned to integrate the world’s leading cloud-based accountancy software into your business. Our extensive training and benefits as a Gold Partner reflect our commitment to Xero and our belief in its ability to transform your business processes. Contact us today on 01473 744 700 or via email at contactus@accountinggem.co.uk to find out more.