Why is Xero Cloud Accounting so good for your business?
Accountants, bookkeepers, support specialists, and sole traders all sing the praises of this influential software, but just what makes Xero accounting services so good for your business?
What makes Xero so good is the focus on cash flow, invoicing, payments, and payroll that is all effortlessly provided in one program. Xero allows you to pay vendors on the spot, know exactly what your customers have purchased, and provides you with real-time information on the financial health of your company.
In this overview of Xero, we will discuss everything you need to know about the program and the benefits it can provide for your business. Read on to find out more and how at CloudCo Accountancy Group, our Xero accountants can add even more valuable insight into your business’s finances.
What is Xero online accounting software?
Xero online accounting programs for your business connect you to your bank, accountant, bookkeeper, and other business apps.
Software programs within a small business are crucial to allowing instant, dashboard access to see cash flow and the operational expenses of a business. Xero not only allows real-time access to financial data anytime and anywhere, but on any device too.
Xero connects with over 5,000 bank feeds globally to automatically import and categorise all your latest banking, credit card, and PayPal transactions. This program will match most of your bank feeds and payments automatically, and also allows you to reconcile other complex financial transactions like split instalments.
Additionally, more great features for small business owners include the instant viewing of invoices online for customers to view what is due and when.
And, when it comes time to running the numbers, Xero software provides some of the best reports you have ever seen. All reports provide a live view of your bank balance with quick links to all the original transactions.
Best of all, to help you get an even better overview of your financial circumstances, you can invite your accountant to collaborate with you and produce management reports. A Xero advisor certified with proficiency in the software can provide 100% Xero-centric accounting services and can add commentary, attach footnotes to specific figures, and even insert graphs to really highlight what is happening with your finances.
Xero automatically keeps a detailed audit trail of who’s done what, and when they did it. This creates more open transparency between you, the software data, and a Xero advisor certified in the software.
Why should you use Xero for your online accounting?
Get your books done faster
Xero can automatically handle tasks that used to take up all of your time. From importing bank transactions to sending invoice reminders, we’ll do the work for you.
Add more to your software
Look after your staff with Xero Payroll and drive profitability on your projects with Xero Projects. It’s fully integrated with Xero so you can keep all your business information in one handy place.
Feel confident in your numbers
With all your data stored safely and in one place, it’s easy to get a snapshot of how your business is tracking. You can also invite your accountant or bookkeeper into Xero so they’ll ensure you meet all your tax obligations.
Do business from anywhere, on any device
It’s easy to access all your data and Xero tools from anywhere – just connect to the internet. Plus, keep all your essentials like invoicing and payroll at your fingertips with Xero’s mobile app
Xero online accounting key features
Xero HQ
Xero Practice Manager
Xero Workpapers
Xero Cashbook & Ledger
Xero Tax
Why should I use CloudCo Group Accountancy for Xero services?
Xero is more than smart bookkeeping software. There’s a little Artificial Intelligence (AI) built-in, but it’s cursory, and although it is easy to navigate, the tax features are very limited! Therefore you still need an accountant to help you out at year-end, especially if you have a limited company.
An essential detail of business for accountants, bookkeepers, and other types of accountancy professionals is accuracy. With software like Xero, accountants can now add extra insight into the work they do by having their data analysed and compared to what is generated from a program like Xero.
How much does Xero Accounting software cost?
Starter £10 per month
- Send quotes and 20 invoices†
- Enter 5 bills
- Reconcile bank transactions
- Submit VAT returns to HMRC
- Capture bills and receipts with Hubdoc
- Automatic CIS calculations and reports
Standard £24 per month - Good for growing small businesses
- Send invoices and quotes
- Enter bills
- Reconcile bank transactions
- Submit VAT returns to HMRC
- Capture bills and receipts with Hubdoc
- Automatic CIS calculations and reports
Premium £30 per month - Good for established businesses of all sizes
- Send invoices and quotes
- Enter bills
- Reconcile bank transactions
- Submit VAT returns to HMRC
- Capture bills and receipts with Hubdoc
- Use multiple currencies
- Automatic CIS calculations and reports
What add-ons are available for Xero?
Payroll
Claim expenses
Track projects
Submit CIS returns
Pay with Wise
Contact CloudCo for Xero Cloud Accounting Services
Cloudco Accountancy Group offer a modern, straightforward solution to your accounting needs. Specifically designed for contractors and small businesses, one way in which we do this is by using Xero. Our flexible accounting solutions and processes are continually developed to ensure the best possible service and we help many businesses and investors to stay compliant with HMRC, build wealth and manage succession planning.
We are proud to be part of the highly respected DNS group providing award-winning accounting, tax planning, and consulting services. We have dedicated account managers for our clients, who are directly contactable and directly reachable. At CloudCo Accountancy Group we believe in going beyond the statutory requirements that your business may have, to provide an invaluable service and become an extension of you team.
Unlike other accounting companies, which are software-driven operating light touch, CloudCo can provide you with unrivalled advice and support, on request, thus fortifying your partnership with us, and helping to ensure that you get the absolute best out of using Xero.
