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Xero

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What is Xero?

Xero is a cloud bookkeeping provider. This means that instead of having a piece of software on your desktop that you have to struggle with on your own, you have access to a web account that you can link to your bookkeeper and accountant. Together, you can make financial decisions based on real-time information.

The majority of transactions now occur virtually, e.g. emailed invoices to clients or digital receipts direct from websites. It makes sense that bookkeeping should keep up with this trend. Instead of a bookkeeper picking up a box of paperwork every month to summarise, these digital receipts can be forwarded from your email, straight into your cloud bookkeeping account. This means that your bookkeeper can work on your information throughout the month so that when you log into to your account you will see up to date figures from which to make your business decisions.

Below is a list of just a few of the other benefits that cloud bookkeeping can provide:

  • All information is available 24/7 and can be accessed on desktops, smart phones and tablets.
  • Easier invoicing - Fast, simple customised sales invoicing will make your life simpler.
  • Automatic processing - Your bank accounts can feed directly into the system, which keeps your accounts up to date and fully reconciled to the bank
  • Financial Dashboard - a fully customisable screen showing you the key financial information you need to run your business.
  • Instant reports - At the touch of a button you can get instant reports on your business.
  • Security - Being able to sleep at night knowing your sensitive financial data is always secure.

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