Our Totnes accountants have long been proponents of Xero accounting software. After all, it’s for no small reason that we feature our status as certified Xero accountants so prominently in our Totnes accounting & bookkeeping services.
However, there are many businesses that are unsure of what Xero accounting actually is, and what benefits it could provide to their account management. As such, we thought it was worth explaining Xero in detail in this article. By the end, with luck, you will understand exactly why it’s such a strong feature in our services.
Put simply, Xero Accounting is a software solution that aims to simplify and automate the often time consuming process of accounting & bookkeeping. The pitch is that this can help immensely with keeping an accurate financial picture of your business, as well as aid with other essential processes like end of year tax returns.
Even the smallest business will understand that remaining in control of your businesses’ cash flow is essential to its success. If you lose track of how much money is going in or out of your accounts, things are likely to fall apart very quickly. Considering this, it’s easy to see why Xero accounting software has the potential to be of great help to businesses of all sizes. But what does it actually do?
Xero performs bookkeeping functions on your behalf, allowing essential tasks such as invoicing and payroll to be completed easily, and since it can be connected to a live bank feed, it’s also much easier to monitor your cash flow.
In addition, Xero can also provide business snapshots displaying performance measures, allowing you to get a clear and accurate picture of your business’s financial position. It’s this ability to easily see what state your finances are in that make Xero such a useful addition to any business.
Once connected, a business owner can see exactly how much money is coming in and out of their business accounts in the dashboard display, and with quick links to the most crucial parts of the accounts featured alongside, you can view how each area is performing very quickly.
Now that we’ve covered what Xero is and what it does, we can come to the meat of the matter. Namely, why is this good for me? Read through the list below to get a sense of why Xero accounting is so important for businesses:
When you sign on for accounts & bookkeeping services with Optimise Devon, we can migrate your accounts on to Xero Accounting for you, and as certified Xero account advisors, we are experts at doing so. If you’re based in:
Get in touch with Optimise Devon. We are always happy to explain more about Xero accounting and our services with a no-obligation discussion about the needs of your business, so you can decide for yourself whether it’s right for you. Contact us today on 01803 732062 or by email at info@optimise-devon.co.uk and find out if we could simplify your bookkeeping.
