If you run a small business, you’ll know how time-consuming it can be to manage your accounts efficiently and ensure access to the latest financial information. Complex manual processes, out-of-date figures, and restricted access for important stakeholders are all problems.
Fortunately, a solution is designed specifically for small business owners, not accounting professionals – Xero cloud accounting software. We have found that our small business clients benefit from the program.
They get real-time information on all their vital financial figures, save time by using the many automated processes, find it easier to manage and understand their accounts, gain more insight and value from their accounts, and easily share information securely with authorised users — and their accountants.
These substantial benefits allow owners to concentrate on running their businesses while making practical decisions based on sound financial information.
If you’re considering how to improve your accounting processes and your financial decisions, we strongly recommend finding out more about Xero. Here’s a brief guide to Xero cloud accounting features and benefits, but if you’d like to discuss it in more detail, feel free to get in touch.
Cloud software means you don’t have to install or maintain programs on your computer systems; you access them through an Internet connection. That means any authorised user can access their programs and data from any location and on any device — laptop, desktop computer, or smartphone.
Regarding accounting, it’s much more convenient to access and check information, update records, carry out transactions like sending invoices or share information with other people wherever you happen to be working.
That’s a big bonus in the post-pandemic period when you and your management team might be working remotely or if you need to hold virtual meetings with bankers, investors, or other stakeholders.
As well as the program itself, your data is also held securely in the cloud, protected by the highest levels of security. If you ever suffered a disaster at the office, like a fire or flood, there’s a serious risk that your data could be lost or inaccessible — no problem when it’s held in the cloud. You only need an Internet connection to keep your accounting systems running.
The other benefit of cloud-based systems like Xero is that the software company is responsible for backing-up data and maintaining, managing, securing, and updating the software. You don’t need a technician on-site to cover that.
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