What is Xero?

Are you in need of an amazing Book Keeping System you can handle yourself or a Book Keeper to deal with?

Have you heard of Xero, but not sure what it is all about?

Here are a few answer some of the questions that you may have.

So what is Xero? Xero is a fabulous bookkeeping and payroll software designed for small business owners. Xero is used all around the world, by thousands of different companies and all from the palm of your hand. Yes, that’s right, you can literally take your business finances wherever you go with Xero.

As a small business, you need to work as streamlined as possible to ensure that you are making the most out of your time and out of your business. Xero is designed with small businesses in mind, with a friendly user face, Xero is easy to use and allows you to complete the tasks you want with ease.

Getting paid is vital for small businesses, how do you expect to grow without being paid? Xero offers a new way of invoicing. Gone are the days where you need to print off an invoice, pop it the post and hope that it arrives. Now you can send invoices online, direct for Xero. It arrives straight into their inbox and even notifies you when it has been read and paid as it gives the client the option of paying your invoice online, making the process even faster.

So how else does Xero save you time as a business? Well you know those clients who aren’t always quick off the mark when it comes to paying.  Well, Xero sends out automated invoice reminders, allowing you more time to work on your business, and less time chasing the money owed to you and your business. There are reports to show you which areas you are spending most of your money are which activities/services create the most income.  Great way to make informed financial decisions concerning your business.  There are so many other reports to keep track of your business finance.

VASS are Xero advisors, which means that we can look at your accounts whilst you do as well as advise you using Xero productively and efficiently. So, if you have a question or a query, we can hop online and take a look at it for you, making it easy to iron out any niggles before the end of the tax year.

Will Xero really suit my needs? Yes, no matter how big or small your business is, Xero can be tailor made to suit your needs. There are hundreds of add-ons to choose from and can help support your business finances effortlessly.

If you have more questions about using Xero and what impact it can have on your business, then speak with Zelica Jones. She knows everything that you need to know about Xero. So if Zelica doesn’t know it, then it isn’t worth knowing. 

Xero - A brilliant system to organise your business finances

Ever heard of Xero?  If not, Xero is a fantastic cloud-based financial system which benefits small to medium sized businesses by keeping track your business income and purchases.  For example:

  • You can invoice clients using the system, keep track of who owes you money and see how much of each service or product you sell in any period.
  • Enter supplier invoices and expenses and keep track of the money being spent and on what.
  • Complete VAT returns using the system
  • Calculate payroll figures for yourself and any staff you have. 
  • If you sell a product, you can use Xero as an inventory system.  
  • Use the information to complete your Self Assessments and End of Year Accounts.

The beauty of this software is the flexibility it gives you to run your business from work, home, or on the go. You can be confident that you have an up-to-date picture of how your business is doing, no matter where you are.

Since September 2015, VASS has been a Xero Certified advisor.  Meaning that we have been trained to understand how to use the core functions of Xero.  After using another particular piece of software for over 15 years, I have particularly fallen in love with Xero.  It is so easy to use and I love that that it is cloud based.

Five ways cloud software benefits your business

1.     You have a clear overview of your current financial position, in real-time.

2.     Multi-user access makes it easy to collaborate online with your team
and advisors.

3.     Automatic updates mean you can spend more time doing what you love.

4.     Everything is run online, so there’s nothing to install and everything is backed up automatically. Updates are free and instantly available.

5.     Upfront business costs are reduced – version upgrades, maintenance, system administration costs and server failures are no longer issues. Instead, they are managed by the cloud service provider.

 

What to see a bit more?  Check out this short video.

 

 

If you have more questions about Xero, please feel free to email ua on hello@thevass.com . We can train you to use Xero or do your Book Keeping using Xero if you have neither the time or interest to complete it yourself.