If you are in business, then you know that the most important thing to track is your business finances. If your finances are healthy, then your business is healthy. This is why having good and reliable accounting software such as Xero is so beneficial to the day to day running of your business.
But what exactly is Xero?
In Xero’s own words:
“Xero is …. accounting software that lets you automate day-to-day bookkeeping tasks, so you have more time to focus on things that matter to you. With Xero you can import bank transactions and send invoice reminders, pay your staff with Xero Payroll and drive profitability with Xero Projects. You can also invite your accountant or bookkeeper into Xero to help you meet all your tax obligations.”
So now that is cleared up and if you needed any more reasons to get a good and reliable accounting software for you business, here are four more, from the team at GW and Co accountants:
1. Xero is easy to use
One of the best things about Xero is that it is extremely user friendly. If you are unable to figure out how to carry out a task, there are many tutorial videos available on their website. This is important because you will be able to save time by not having to learn a complicated software program.
2. Xero is affordable
Another great thing about Xero is that it is very affordable, something every business owner loves to hear! There are different pricing plans available, so you can choose the one that fits your budget and the size of your business. Overspending on programmes such as these is a common business mistake. You do not need costly software to help with your finances.
3. Xero is cloud-based
Moreover, Xero is cloud-based. This means that you can access your account from anywhere in the world. This is important because it allows you to work from anywhere which is essential in this new era of flexible working with many companies offering work from home contracts.
Additionally, this also allows for your accountant (if they are not in house) to be able to access your accounting software easily from their own offices. As Xero allows multiple logins for a company, each staff member can be given their own username so you can track any activity which is taking place in the software.
4. Xero integrates with other software
Yes, that is right! Xero integrates with other software. This allows you to have all of your information in one place and to easily keep track of your finances. With just a few simple clicks you can integrate one or more of your business accounts which updates in real time as you spend or receive money.
With all these great benefits, why wait to get your business set up on accounting software such as Xero?
If you need help or advice or have any further questions, the team at GW and Co Accountants can help. We have many years’ experience using accountancy software and we can help choose the right software and payment plan for your business needs.
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Penryn, Cornwall
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