Bookkeeping & CFO Services

Most small and medium business owners don’t have the knowledge, time or ability to effectively perform their bookkeeping duties. Outsourcing a bookkeeper will provide you with the time you need to focus on your business operations by allowing you to focus on growing your business while leaving the financial management to the experts. Outsourced bookkeepers are up-to-date on the latest regulations and software, which can help prevent costly mistakes and ensure compliance.

Good bookkeeping software is invaluable to businesses of all sizes. You can have a manual system, electronic (spreadsheets) or use bookkeeping software which would be the most efficient method. Each business has its own unique requirements for bookkeeping software and there are many to choose from.

These days, so many more bookkeeping software options have become available to use in the cloud. There is no better way to be able to access it from anywhere in the world. Gone are the days when everything is stuck on your desktop and only one person can use it at one time when making important changes. People can now have a business without an office and travel the world while they run their business.

When choosing the bookkeeping software, you need to make sure that it will do what your company requires. Ensuring also that if the bookkeeping software does not do what you require, that there are possible add-ons so it will make everything work smoothly and you can ensure the correct figures are being accounted for. Each feature has an important role to play and can help with the smooth running of your business.

Some features that you need to look for in bookkeeping systems can include:

• Affordability and accessibility
• Ease of use
• Time saving features
• Ease of bank reconciliation
• Multiple bank accounts – foreign currency
• Chart of accounts – ability to have subgroups or tracking systems
• Automated entries
• Invoicing and quoting online with multiple software options (tablets, phones )
• Purchase orders which switch easily to bills for payment
• Manage your cash flow scheduling of payments
• Inventory
• Payroll
• Expense reports, financial reports
• Customer service – tutorial videos
• Integration with other apps or systems
• Amount of Users – unlimited?

Online accounting software, Xero, is capable of doing all of these features. Being cloud-based, it allows the user to access information anywhere, on any device, at any time, meaning you don’t have to be in your office to access your information! Carbon Bookkeeping is Xero’s only platinum partner in WA. Contact us to see how we can get you started on Xero!