Introducing Xero, your new favourite cloud platform
So, you’re ready to embrace cloud technology, but it can be slightly overwhelming working out where to start. Have you considered Xero as your cloud accounting software provider?
As avid readers of The Forecast will know by now; it’s no secret that cloud technology is transforming the accounting industry…and Xero is at the forefront of this!
Integrate Xero with the apps that support your business
Xero goes beyond accounting, with endless integration opportunities, offering a blank canvas on which you can paint your business’ operations. From automated bookkeeping, right up to your payroll and HR processes, or even customer relationship management (CRM), Xero has a whole marketplace of apps at your fingertips.
Remain compliant with Making Tax Digital
Given that Making Tax Digital for VAT has been compulsory for all businesses since April 2022, we’re sure that you’re no stranger to submitting VAT returns digitally. Xero plans that support VAT-registered businesses are fully compatible with MTD. So long as you’re VAT-registered, your account will be automatically enrolled with MTD for VAT! All you need to do is connect HMRC digital tax with Xero and then you’re set to submit VAT returns directly to HMRC.
Run your business on the go, with Xero’s mobile app
We understand that running a successful business often means that quiet moments are fleeting, leaving you with little time to complete some of the more mundane tasks. We’ve said it before; one of the key benefits to cloud accounting is being able to access your business’ financial data anywhere, at any time, and from any device. Xero’s mobile app takes this one step further, allowing you to send and track invoices, reconcile bank transactions and check cash flow – all on the go!
Set varied authentication for team members
When inviting employees to collaborate, it’s vital that they can only access what you want them to. Xero allows you to control who can access what data, allowing a streamlined workflow, whilst protecting your business’ financial information.
Automate tasks to gain more time for strategic planning
Xero makes bank reconciliations a breeze, suggesting matches for transactions, based on statements, invoices or bill payments. With the ability to apply rules to automate reconciliation or reconciling transactions in bulk, once mundane processes become easy and speedy tasks.
Gain confidence in numbers with real-time information
The Xero dashboard houses the latest up-to-date information for your business, showing you the same information that we see! Being able to access snapshots of your business’ financial health empowers you to make timely decisions that optimise success.
At mgr, we’re Xero Platinum Partners, which means that we’re experts at navigating their software to achieve results for our clients. Would you like to explore the world of potential that Xero has to offer your business? Get in touch to schedule a free discovery call today: cloud@mgr.co.uk
