Xero is one of the leading accounting software programs and as Xero platinum partners and Australia’s largest Xero partners, our bookkeeping team have learnt through trial and error what makes Xero different. If you’re a small business owner, here are six ways that Xero can help you run your business.
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Cloud technology
Whether you want to work from your phone, tablet, personal laptop or work computer, Xero allows you to access all your business financials wherever and whenever you want.
Once you go digital, you can integrate your other apps like Hubdoc, Stripe, HubSpot, Mailchimp, Shopify, eWay, Kounta, Deputy and ServiceM8 and more so that you can access all your information from one central location.
Improve cash flow
Xero provides tools that small businesses can use to get paid faster. Instead of traditional printed invoices, use online invoices and get your customers to pay online. Not only is it faster but you’ll know whether they’ve opened it and if you need to send a reminder.
To improve your accounts receivable, you can integrate programs like Chaser, which sends polite but persistent email reminders to customers with outstanding invoices. Automation like this can help you get paid 16 days sooner and boost your cash flow by 4%.
Increases business productivity
Improve your business operations through automation and machine learning. With Xero, you can set up pay runs and send recurring professional invoices. This will save you and your business time and allow you to spend time on growing your business without the pressure of getting compliance done.
With digital invoicing, data capturing tools and automated processes, you have better accuracy and fewer chances for costly errors in your accounting.
Accountability
Xero not only helps you improve your accounts receivable but also ensures you’re paying your own bills on time. You can make batch payments and schedule them in advance. With Xero’s online payroll software, you can pay staff and report payroll details to the ATO. Xero also calculates tax, super and leave for you so you won’t need to spend your weekends analysing each employee’s pay details.
With Xero’s Australian EOFY calendar, stay on top of the key dates and deadlines for the financial year.
Cost friendly
Xero has different subscription levels meaning you can choose the plan that suits your needs and budget. As your business grows, you can also upgrade your plan which gives you more control over what you’re spending your money on.
Invite your bookkeeper as your Xero advisor
If you have a bookkeeper or financial advisor, Xero makes collaborating and sharing information simple. For business owners, the setup is quick. After inviting your bookkeeper as a Xero advisor, they’ll be able to see the full scope of your business financials.
Carbon’s Xero setup and training services
If you’ve got no idea how to use Xero or you’re just wanting to refresh your knowledge and perhaps learn a few inside tricks, our team can help. Our bookkeepers will review your files and demonstrate ways to improve your recordkeeping. To set you up on Xero, our prices start from just $399.90 + GST. This involves a complete Xero account setup for a new business including bank feeds, account names, customised invoices, dashboard and more.
If you’re wanting to convert to Xero, with the help of a bookkeeping expert, the process can be seamless. Depending on what accounting software you were using before, our prices start from just $799.90 + GST. This includes complete setup of Xero, full payroll, opening balances, receivables, payables, bank feeds, user access and more.
As Xero platinum partners and Australia’s largest Xero partners, Carbon’s Bookkeeping & CFO Services team are here to help you take your business to the next level. Get in touch with us today.
