As many of you know, we are partners with Xero, but I would like to share with you why we use them.
Xero has a fresh perspective on the rather dreary subject of small business accounting. It presents a fresh and intuitive interface and breaks down a number of essential elements into easy-to-understand modules. Xero is basically a “software as a service” operation or a web-based application. The promoters go to great pains to point out that your information is secure.
Xero has a number of different modules including accounting, expenses, receivables, payments and content management. Their contemporary design brings together all these modules so they work intuitively, and there is also a well-documented help area available, together with a number of video tutorials to help you get started.
As the product is web-based, you can log in and operate from anywhere in the world, and not be worried about the traditional desktop applications of old. At the core of the program is the dashboard, where you can see the breakdown of all of your important data. Xero operates under accrual accounting conventions, meaning that the information is ready for your accountant or for your tax advisor at year-end.
You can do away with all those individual records, bank statements and checks by integrating an automatic feed from your bank, allowing you to reconcile your account instantly and establish automatic payments to suppliers or vendors. All your client information can be included, enabling you to easily generate invoices and select from a variety of reports to ensure that you are on top of payments and receivables.
Xero actually makes accounting fun again! Check out the Virtual Miss Friday Bookkeeping Service.
For further information on how we can simplify your bookkeeping and eliminate the hassle for your business, contact us on support@virtualmissfriday.com.
