As a small business owner you need all the help you can get especially when it comes to bookkeeping. Once you can free up your time spent on accounts, the more time you’ll have available to concentrate on business growth and expansion.
Since 2009 NBC based in Brisbane have been helping their clients with a smarter and easier accounting system, Xero. NBC are tax accountants in Brisbane who are now ranked in the top 5 Xero Gold partners.
But why Xero you may ask? Since it’s been on the market, Xero is preferred by over 600,000 businesses worldwide, gaining a reputation as the easiest and most convenient accounting system available.
There are other cloud based accounting systems out there but Xero is fast and accurate, prioritising the safety of your information.
As with any cloud based system, you can sign in to the system securely from any computer or device with internet access, anywhere in the world.
With the Xero system, you won’t need to purchase expensive accounting packages and upgrade every so often. The updates are done automatically, saving you time and money.
Another benefit is that even if your computer crashes, your information is safe. Cloud based systems store your information remotely in their state of the art servers.
When you’re starting a new business, Xero is the ideal option to keep track of your accounts because it allows you immediate access to your account balances and cash flow.
It takes just a few minutes to establish your bank balance and make decisions about how to spend your money.
Syncing you bank accounts with Xero means you won’t need to manually compute all your expenses and income. Payments, money received etc. will be automatically updated, minimising room for error. In other words you get the results you desire without all of the work. Freeing up your time and money means you can make plans about where you see your business and follow those dreams.
Managing your debtors and creditors is a breeze with Xero. You can see your payment due dates, accounts receivable information and it even helps you chase payers more easily.
If you’re plan is attract investment, the Xero system helps you take control of your accounts and the efficiency and accuracy is a major draw for potential investors.
Xero is good for business because you can integrate it with other online services such as Payroll, CRM etc. This makes processes so much simpler, for example you can pay taxes directly.
Even when you decide to sell your business, Xero can make the process easier. Your information is made accessible to potential buyers and the business is easy to value.
The online efficiency of Xero is unmatched. Being able to view financial statements online is also made simple .