Just as picking the right options for your physical health is important, so too is picking the right software option for your company’s financial health.
Like with any other piece of cloud-based software you need to be able to trust your software partners and know that they have the required experience to meet your business’ needs.
Xero, which is a platform that we at aperio have been using for over 10 years, is the ideal software for small to medium business enterprises (SMEs) in Ireland. It offers tremendous opportunities for business of all sizes to increase efficiency and reduce wasted time and resources.
Xero is a cloud-based accounting software that has been designed to save time by automating many of the normal business processes to make your bookkeeping and accounting life easier. With its app store of over 1,000 compatible applications Xero allows you to spend time in the core aspects of your business as well as giving your clients a better customer experience.
What makes Xero different from competing products?
- It helps cashflow: You can send invoices immediately and Xero makes it easier for customers to view their invoices online and pay for them directly in multiple ways but most importantly pay on time. It also allows you to set up automated updates and reminders for those who haven’t paid on time. This can help eliminate ‘cash flow surprises’
- Compliance: Because it is automated and templated for each individual company, it helps to stay on top of compliance issues such as VAT thus avoiding large tax bills and penalties.
- Improves efficiency: It allows you create templates to automate recurring tasks.
- Recurring payments: You can set up any payments on a recurring basis
so there is no need to manually enter transactions into the software every week or month thereby eliminating the chances of errors in the invoice or omitting the invoice altogether.
Securing Your Financial Data
One of the real fears that companies have in regard to their financial data is its safety and Xero ticks that box with multiple layers of security. It also controls the level of access that everybody in the company has and because the system backs up automatically, there is never a fear of losing your data.
The simplicity of Xero allows businesses of all sizes across all industries to use it in a way that suits them best – whether that is as simple as an online invoicing system, or something much more complex involving market data analysis or ecommerce platforms like Shopify or Woo Commerce which can now be linked directly to your Xero platform.
That is especially important given the way so many businesses are now transferring and transforming their online offerings. The fact that it has a mobile app means you can complete all the tasks you would carry out at your desk, even while you have slipped out for a coffee!
It also allows businesses with limited IT skills and budgets to gain access to a comprehensive tool that will grow into something much bigger for them in the future. As many business owners do not have recognised accounting qualifications, Xero allows them to manage their financial data easily and as a result their financial health with ease.
Xero is an intuitive and easy-to-use platform with a range of reports and functions that allows business owners to see how their business is performing on a week-to-week basis.
Aperio have a team who have been operating Xero for over 10 years and all our management accountants are Xero Certified Advisors.
Xero often gets compared to QuickBooks or Sage, two products that are highly regarded by many people as a good option for small business owners. However, from our experience, having used a range of other accounting software and have chosen to stick with Xero for its ease of use for our clients.
If you want to find out more about how aperio can help you implement Xero in your business call us today. Schedule a FREE Consultation today.