advantages?
What are the advantages of cloud-based accounting over my current arrangements - and why xero?
Advantage 1 – Access from wherever you have internet
The program can be accessed from wherever there is Internet access. That not only means that the users can have access wherever they are, it also means that you can outsource your accounting to a fully Xero trained accountant working on your data anywhere in the world, - and you still have complete access and control
Advantage 2 – Direct Bank Feeds into the Xero Program
Since the program is held in the cloud, it can link directly to your bank account, and all the transactions that went through the bank account drop into the program. No more bank reconciliations, no more hours looking for that difference, all you need to do is to place the receipts and payments into the account heading that you choose. The program will even remember what code you used last time for a similar transaction, and you can set rules so that if the transaction meets those rules, the transaction is placed in the right code by one click of your mouse
Advantage 3 – Budgeting is easy with Xero.
You set up the expected incomes and expenses, and every month or quarter you can check what has actually come in. It can be frustrating to be underpaid, but suppose you are not paid for something at all, how would you remember that it should have been paid? Matching actual receipts and payments against budgets highlights problems early, rather than at the accountants meeting – when it is probably too late to recover the money
Advantage 4 – Reviewing the Profitability of Certain Activities
Xero will allow you to account for certain activities separately so you can see just how profitable they are. Using a tracking facility in Xero, you can assign sources of income and expenses to a separate heading, and get reports for that activity. So a practice with more than one site can measure the profitability of each site, a federation can measure the financial strength of different contracts, a dispensing practice can separate their dispensing work from their GMS/PMS work,
Advantage 5 - Trial the program for free!
it is intuitive yet sophisticated, and you can trial it for free!
The program can be accessed from wherever there is Internet access. That not only means that the users can have access wherever they are, it also means that you can outsource your accounting to a fully Xero trained accountant working on your data anywhere in the world, - and you still have complete access and control
Advantage 2 – Direct Bank Feeds into the Xero Program
Since the program is held in the cloud, it can link directly to your bank account, and all the transactions that went through the bank account drop into the program. No more bank reconciliations, no more hours looking for that difference, all you need to do is to place the receipts and payments into the account heading that you choose. The program will even remember what code you used last time for a similar transaction, and you can set rules so that if the transaction meets those rules, the transaction is placed in the right code by one click of your mouse
Advantage 3 – Budgeting is easy with Xero.
You set up the expected incomes and expenses, and every month or quarter you can check what has actually come in. It can be frustrating to be underpaid, but suppose you are not paid for something at all, how would you remember that it should have been paid? Matching actual receipts and payments against budgets highlights problems early, rather than at the accountants meeting – when it is probably too late to recover the money
Advantage 4 – Reviewing the Profitability of Certain Activities
Xero will allow you to account for certain activities separately so you can see just how profitable they are. Using a tracking facility in Xero, you can assign sources of income and expenses to a separate heading, and get reports for that activity. So a practice with more than one site can measure the profitability of each site, a federation can measure the financial strength of different contracts, a dispensing practice can separate their dispensing work from their GMS/PMS work,
Advantage 5 - Trial the program for free!
it is intuitive yet sophisticated, and you can trial it for free!
Proudly powered by Weebly