Xero is a popular online cloud-based accounting software solution. You probably already use cloud-based software if you use googlemail, and you know the benefits. You can log in from anywhere you have an internet connection, by phone, tablet or PC.
The advantage of using cloud-based software is that you and your accountant can share and work on the same data at the same time. Gone are the days of having to back up your accounting records and passing them to your accountant. And its all backed-up securely so you don’t have to worry about your hard drive dying, or other little mishaps.
Live bank feeds
Almost all UK banks offer direct feeds to your Xero account, so you can see your company’s cash position when you log in. And better than this, you can see which customers have paid, which bills there are to pay, or whether HMRC have deducted the VAT from your account.
It’s all about having real-time information to help run your business.
Make invoicing simpler
With Xero, you can set up invoice templates, e-mail them automatically to clients. If you have recurring bills, you can set these up to be billed automatically at the end of the month.
You can upload your purchase invoices, or other paperwork online, so everything is in one place creating a nice paperless business.
Easy to use
It’s easy to use Xero. The software is designed for non-accountants and it also has a useful feature to “Ask your accountant” if you come across something you are uncertain about.
All the time, your accountant is helping to monitor your business, giving you the reassurance that everything is being taken care of, leaving you to focus on growing your business.