Ad Valorem
Treating your business like ours
Yesterday we hosted a face to face Collaborate MK Gold Members workshop, we shared a huge amount of knowledge between us and had an amazing time. A huge thank you to Tim Lee for organising.
(E) enquiries@advaloremgroup.uk or (T) 01908 219100 (W) advaloremgroup.uk
Learning how to manage your books can be a daunting task and relying on others to help you understand your Xero accounting software can leave you with unnecessary stress and worry about your business finances.
All this can be resolved by taking a Xero Accounting Training Course. It may not be the right time for you to hire or outsource your book-keeping, but understanding your financials is key to all business owners and so if it’s not practical to outsource your book-keeping taking steps to fully understand your book-keeping software may be a good first option.
Our Xero Accounting Training Course is suitable for any business owner looking to gain an in depth understanding of Xero. By taking our Xero Accounting Course you will gain the necessary skills to efficiently keep on top of your numbers.
Our Xero Accounting Courses are designed to provide you with the skills to keep your file up to date. Xero Courses typically include:
We always endeavour to design our Xero Accounting Training sessions to tailor our content to the business owner’s requirements. For example, some business owners may have an in-depth knowledge of book-keeping fundamentals but are new to Xero and the single ledger entries, whereas others may be completely new to book-keeping and Xero and require a more generic session.
To summarise, completing a Xero Accounting Training Course will give you a greater understanding of your Xero file and how to use the different functions in Xero so you can run your business finances in the most efficient way. Making your book-keeping processes as efficient as possible will allow you more time doing what you love!
Watch our short video below to understand more about our Xero Accounting Training Course.
If you’re interested in our Xero Accounting Training Course, contact us on:
(E) enquiries@advaloremgroup.uk or (T) 01908 219100 (W) advaloremgroup.uk
We are proud to announce our recent partnership with 2020 Best British Bank award winner, Starling Bank. Being a Xero Platinum Partner, it is important to us that we partner with and refer banks that are compatible with the cloud software to our clients. Starling Bank offers a quick and easy set up made even easier using our new partner referral link. Starling links directly to Xero offering real-time transactional data at a click of a button. Starling also offer an easy to use mobile app, to give you quick an easy access to your bank account while on the go.
Starling Bank is a fully licensed bank and is part of the FSCS providing protection up to £85,000. Signing up to Starling is quick and easy, with the registration process only taking a couple of minutes. You are able to sign up on the go, with no branch visit or paperwork required. To ensure you make the most out of Starling, they offer 24/7 customer support ensuring you feel comfortable using the app software and utilise its capabilities.
To open a Starling Bank you must be a UK resident, and to utilise the business bank account there are a few other requirements you need to meet:
For full business account terms click here.
If you have any questions regarding the above please do not hesitate to contact us:
(E) enquiries@advaloremgroup.uk or (T) 01908 219100 (W) advaloremgroup.uk
Purchase invoice capture – a fundamental of the cloud accounting journey!
Being on the cloud to ensure MTD compliance is a good starting point, but now this change has happened, we should take advantage of the positives of using online book-keeping systems.
Invoice capture is as simple as it sounds, when you receive a receipt or invoice you can immediately capture this in software which is integrated to a book-keeping system. This can either be done by taking a photo or scanning the item.
Physical receipts and invoices can be captured by camera on a smartphone app and then anything received in email (regardless of the format of the file) can be forwarded to a specified email address and captured.
The major benefit of invoice capture is the fact that you are no longer required to hold on to endless amounts of receipts and invoices from the previous 7 years. HMRC have confirmed that digital copies are acceptable and often preferable as they do not age or fade and hold a date time stamp from the software against them.
Another benefit of using digital technology to read the receipt/invoice is the reduction in human error. We have seen the number of manual errors reduce on businesses who use invoice capture.
Capturing your receipts on the go and letting the technology take the strain both saves you time and also brings your books into real-time.
We have identified and developed a strong relationship with several invoice capture providers and if you would like to find out more please to get in contact with us!
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01908 219100
Xero love making improvements, especially to make your experience even more simple and beautiful.
So, what’s new to Xero’s navigation bar?
Since receiving feedback from accountants, bookkeepers and other business users, Xero came to a conclusion that it was time to improve it’s navigation, making it easier, faster and more efficient for everyone to get on with their daily tasks.
The biggest enhancement is the way the accounting tools have been separated from the business features you use.
Click here to take a closer look at the improvements in Xero’s video guide.
Everyday activities have now been logically grouped, making it easier for a business user raise invoices and input bills on the go.
Business
The business menu contains the tools that you use the most, such as invoicing, bills and expenses. If you are searching for ‘inventory,’ it has now been renamed as ‘products and services’.
Accounting
The accounting menu contains the advisory and compliance tools, including bank accounts, reports and advanced accounting tools and settings, such as chart of accounts, manual journals and find and recode.
All reports, tools or settings that have been set as ‘Favourites’ will now show in the Accounting menu and you’ll be able to set your own favourites simply by selecting any of the options in the Advanced Accounting Settings. This will make it easier to find your favourite and most used reports!
Organisation menu
All information about your business can now be found in one place and that’s under the new organisation menu. You’ll be able to gain access from the top left of the navigation bar, by clicking on your organisation name.
Files and settings are all kept here. Settings are the business tools to get your business set up accurately, such as organisation details, invoice and email settings, users and subscription and billing details for subscribers. More advanced settings will appear in the Accounting menu.
If you run more than one business, you can now switch between the two accounts, saving you time not having to re-login.
Under the new ‘Do more with Xero’ section, you will now be able to connect to third party apps in the App Marketplace or other Xero features like payroll and projects.
If you would like to discuss the new changes to Xero in more detail, please feel free to contact us on the following details:
01908 219100
