How does Xero make bookkeeping so easy?
Is bookkeeping stressing you out? Or maybe it’s the software you’re using?…
The constant innovation of technology often leaves business owners wondering “what is this?” and “do I really need it?” But, when it comes to online accounting, it’s worth the changes as it makes your daily accounting and bookkeeping tasks easier, less time consuming and gives you time to start enjoying the things you love doing the most.
Most businesses still continue to process they’re data on traditional bookkeeping software, as they know their software inside out and try to avoid the hassle of switching to cloud. Cloud is the present and future of accounting and it’s an easier way of updating financial information automatically and enabling real-time reporting for better forecasting.
We love and support Xero and many businesses are switching to Xero as everything is just so simple, intuitive and easy to navigate. With just a click of a button, you’ll be able to see your business’s financial position at a selected time period, how much money your business owes in comparison to how much is owed to you. Reconcile bank accounts straight away, use online invoicing for quicker and easier payments and download accounting reports in seconds.
The best part about using Xero is that everything is all real-time data and you can perform bookkeeping tasks from anywhere in the world, at any time and on any device.
Collaboration is also easy, for instance, if you’ve made a bookkeeping error and you’re not sure on how to amend it, you’re accountant will be able to gain access to your Xero file at the same time and make those amendments for you.
It’s as easy as that!
Click here to view more information on Xero.
As Making Tax Digital is soon to be upon us, all VAT registered businesses above the VAT threshold will need to be on an MTD compatible software to file their VAT Returns digitally with HMRC. By 2020, the treasury have proposed that all businesses will need to file digitally, so if you haven’t acted already, it’s probably best to start acting now!
If you would like to find out more information about Xero or to discuss any other queries you have regarding your bookkeeping. Please contact our cloud department.