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How your small business can benefit from Xero

At The Money Haven, I give you a safe space and the support you need to sort out the money side of your business.

I combine hand holding for the emotional overwhelm and practical actions to support you doing what you need to do for yourself or help you understand and feel in control about what your accountant does. 

Accounting software and cloud accounting is a subject I’m often asked about as it can make record keeping easier. You can read my post The Essential Guide To Accounting Software and find out more about one option by reading this contributed post from Xero.

(You can find out more about me and how I can help at the end or contact me).

 

How Your Small Business Can Benefit From Xero

 

If you want your business to work smarter and faster, cloud accounting software is a wise investment.

Accounting software that’s not available via the cloud can be tedious and can suck up far too much of your business’ time and effort. Working in the cloud will give you a better overview of your finances, and improve collaboration with your team.

 

Xero is online accounting software that’s beautifully simple. Although, it’s about so much more than accounting software, and works as a one-stop-shop for all of your business needs. Xero now integrates with over 700 app partners, including Receipt Bank and Fluidly, giving you access to invaluable tools to help run your entire business operations.

 

Xero exists to help small businesses thrive and makes the running of business accounts easier, faster and more efficient. There are a huge number of benefits Xero offers small businesses, including:

 

Work where and when you want to

 

You can use Xero from any device with an internet connection, meaning small business owners stay connected to their data and their accountants any time, any where. Xero also works hard to ensure you – and anyone else who needs to access your finances – are working off the same data, wherever you are, whenever you want.

 

Improve cash flow and get paid faster

 

Every business needs to get paid, and Xero equips small businesses with tools you can use to get paid faster. For example, rather than send your customers a PDF file or a printed document, you can send them an online invoice. Not only is it faster, you can also see whether they’ve opened it, and they have the ability to pay you online through your invoice. The faster the process, the faster you get paid – and Xero can also send chase ups for payment on your behalf.

 

Let Xero do the heavy lifting while you sleep

Smart software should be easy to use and also work behind the scenes to help you save time. Let Xero perform those tedious, repetitive tasks that take you away from doing the things that can add more value to your business.

 

If you use invoicing, then Xero’s automated Invoice Reminders can do the chasing for you. If your customers take a while to pay you, or you are spending hours chasing overdue invoices, then Invoice Reminders is a must-have. It will automatically send an email to your customers if an invoice is overdue (or about to become due).

 

And if you’re an advisor, then Find & Recode could save you hours. It’s easier than ever to find your way through a client’s records and then update those records en masse. Hundreds of records to update? Find & Recode will save you hundreds of minutes.

 

Collaborate with your accountant

 

Create a single set of data that both you and your accountant can work from, meaning you’re both seeing the same set of data at the same time. This saves you from having to export data and send it to them, because as soon as you send it, it’s likely out of date.

 

For your accountant it saves them the trouble of importing the data into other software, which not only means they may not be working off the latest information but, because it’s often unwieldy to do, then any problems in your business may not be discovered for months.

 

Ensure your business is compliant

 

Compliance with government regulations and tax laws can be a major stress point for many small businesses. Compliance tasks can soak up a lot of a small business owner’s valuable time, taking them away from things that add value to their business. With Xero, continued software updates ensure your business automatically remains compliant with government regulations.

 

You can try Xero free by signing up for a 30-day free trial at www.xero.com/uk

 

How I Can Help

I give you a safe space and the support you need to sort out the money side of your business.

I combine hand holding for the emotional overwhelm and practical actions to support you doing what you need to do for yourself or help you understand and feel in control about what your accountant does. 

Book an explore call (it’s free) or contact me.

To your financial self care,

Rosie x

 

This is a contributed post.

 

 

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