If you’ve got a chance to make your life easier, save time and money, you should take it. I tell all my clients to use Xero cloud accounting software.
It helps them stay on top of cashflow and business expenses wherever they are, whatever they’re doing, just using their phones. And, as a bonus, it means they don’t even have to consider complying with Making Tax Digital unless they want to.
Here’s a look at some of the top benefits of having Xero in your life.
Use it from anywhere
I said earlier that you can use Xero on your phone in your van. But, actually, the world is your oyster. Because all the information is stored online (in the cloud), it’ss accessible from anywhere you have a connected device like a laptop, tablet or mobile.
So, while the big advantage is you can sort out your invoices, receipts and other paperwork quickly and conveniently wherever you’re parked up, you also have flexibility to access information from pretty much anywhere, not just the side of the road.
Easy to navigate
One of the best things about Xero is it’s super-easy to use, even if you’re not the most tech-savvy. You can quickly pick up the basics on it – it lets you do things like reconcile transactions and see who hasn’t paid you in a couple of clicks.
You’ll find that this gives you a new level of knowledge over your business with very little effort required, helping you make better decisions and enjoy peace of mind.
Safe as houses
Another brilliant feature of Xero is the security it provides. As it holds lots of your financial information in one place this is important. Xero is a step up compared to older methods of bookkeeping.
Everything in Xero is encrypted and backed up in multiple secure online locations, so there is no danger of information being lost.
And it’ss protected behind multi-factor authentication, meaning hackers would need more than just your password to get their hands on it.
You can also give key people access to your account based on what they need to see. One of your teammay need access to basic information like invoicing, while you and your accountant can have full access, including to things like your bank transactions and powerful business reports.
Making Tax Digital (MTD)
From the CIS to MTD, you’ll be aware that there are plenty of schemes and initiatives coming from HMRC that you need to get your head around.
The good news is that with Xero, you have all the tools to be MTD compliant. This means that you or your accountant can file VAT returns (and soon income tax for self-employed people) in no time at all, saving you so much hassle. Job done!
Get started with Xero
If all that sounds right up your street, we can get you sorted out with Xero, trained up and ready to go. Give us a shout.