We love technology… especially if it makes life easier for our clients. Which is why we are such huge fans of Xero cloud accounting software. The benefits of moving your bookkeeping and financial management to Xero are simple: it will save you time, give you access to valuable business information at the click of a mouse, and put you in control of your business finances.
Using Xero also means you’ll have no problem complying with Making Tax Digital. And, as we provide full Xero set-up, training and support, chances are you’ll soon be a fan of Xero too!
The future of accounting is in the cloud
Not all that long ago, the phrase ‘in the cloud’ meant something very different than it does today. Now most of us will have used cloud-based technology at some point to carry out a task, transfer files and store information.
One of the key benefits of using cloud-based software is that you (and your accountant) can access your bookkeeping and accounting records wherever and whenever you have an internet connection, on any device. Such flexibility and ease of use make it much easier to keep records up to date and get a true picture of your business’ financial position at any point in time.
Xero is also fully compatible with the requirements of Making Tax Digital so you can seamlessly transfer your accounts information to HMRC.
Watch our video demo to see how Xero can revolutionise your bookkeeping and financial management.
Xero cloud accounting key benefits
Here are just a few of the reasons why we recommend Xero for small and medium-sized businesses:
- You can access your bookkeeping and business accounts wherever you are, on any device – all you need is an internet connection
- You can easily transfer your existing data from another accounting package e.g. spreadsheets without having to re-input the information
- You can easily share your up-to-date accounting information remotely with your RfM accountant
- You can easily input data on sales and purchases
- You raise customer quotes within the software – and turn those quotes into invoices with a few clicks
- It is easy to manage your business banking with the automatic bank feeds feature
- Invoice alerts allow you to easily see your debtors and manage cashflow
- It is fully compatible with the requirements of Making Tax Digital
With its wide range of apps and add-ons, Xero is an ideal solution for most sizes and types of business and any level of bookkeeping experience. We can assess whether Xero or an alternative package will work best for you. As a rule, all our packages are packed with useful features – and delightfully jargon-free!
Xero Gold Partners
RfM Accountants is a Xero Gold Partner, which means we have helped many of our clients to move their accounts from the desktop to the cloud with Xero. You can also have confidence that you will receive the best advice and support from a Xero expert.
Intuitive and easy to pick up
Xero is packed with features designed to help make the financial side of running a business easier. It is perfectly suited for small and medium companies and can be customised to meet the specific financial demands of larger organisations.
Even if you’re new to business bookkeeping, admin and accounting, you should have no problem getting to grips with Xero’s user-friendly interface. Your RfM advisor will help you get started and is on hand to offer ongoing support or answer your questions along the way.
Do your business bookkeeping wherever you are
You don’t have to be sitting at your desk – or any desk for that matter – to keep on top of your business finances. As Xero is hosted in the cloud, you can log in and access your records from any place where you have access to the internet. If you need to work remotely or have staff in different locations, you can still do your bookkeeping, create quotes and invoices, generate reports, check your bank accounts and more online.
And, if the worst happens and your hardware goes haywire (a nightmare for small businesses), you can breathe again with the knowledge that your accounting data is safely and securely stored in the cloud.
Remote access also means that your accountant can access your financial data if they need to, for example to prepare your end of year accounts, generate reports and create tax returns.
Even more reasons to love Xero…
No more downloading or installing – You don’t need to download or install any software to use Xero. Once you have your username and password, simply log in from your chosen device to get started. And you can always be certain that you’re using the most up-to-date version of the software.
Easy data transfer – If you currently use another system such as Quickbooks or Excel, you can transfer all your data into the cloud application. There’s no need to re-input the information or wait for your next accounting period.
Tailored invoices and quotes – You can tailor the content and layout of your invoices within Xero and schedule them to be sent out automatically. If you have clients who don’t always pay on time, invoice alerts will notify you when a payment is overdue.
Take charge of credit control – If you run a small business, it is vital that you keep on top of what money you’re waiting for. In Xero you can clearly see who owes you what and when. It also includes useful credit control tools such as reminder emails for debtors.
Better business insights – Even if you’re not an accounting expert, you’ll benefit from being able to quickly see the financial position of your business at any time. Xero allows you to easily create reports showing how much you’re spending and who your best customers are. If you need to create detailed Profit and Loss, Balance Sheet and Trial Balance reports, you can do that too.
Manage your business banking – You can connect your bank accounts – personal and business – to the software, allowing you to view balances, import transactions and set up regular repeat transactions.
Ready to move your business accounting to Xero? Ask your usual RfM advisor for details.
Secure document transfer – RfM Exchange
RfM Exchange is an online portal that allows us to send you confidential documents securely at the click of a mouse. No printing, no postman, no waiting. Once received, you can review, sign and return the documents via the portal. To request login details for RfM Exchange, please contact your RfM advisor.