In Australia Xero is the fastest-growing cloud-based accounting software. And the only software we highly recommend here at HA Accounting. Since its beginning in 2006. The software now services over 180 countries across the globe with over 1 million subscribers. So with those types of stats, you know they are doing something right. Here at HA Accounting 90% of all clients use Xero. They also benefit from us being a xero practice as a GOLD champion. As this is a cloud based software HA Accounting has clients across Cobram, Albury-Wodonga, Tocumwal & Melbourne. They will be the first to tell you that you really do see the benefits.
Here at HA Accounting we believe the below points are the top 5 reasons why Xero is your #1 online accounting platform.
1. One System – Many Applications
First of all the number one benefit of this software starts with having all your accounting needs in the one place. All the essentials are there including quoting, invoicing, payroll, GST, bank reconciliations, expense tracking, tax, reporting and much more. With a Xero certified practice and who use their tax software we save our clients hours and thousands of dollars in compliance.
2. Up-to-Date Features
With the latest up-to-date features and customisable add-ons, the software is ahead of the game with the latest in accounting best practice. It pairs easy to use tools with direct design to deliver an all-inclusive accounting platform. ServiceM8, receipt bank, Kounta just to name a few.
3. Flexible Customisation
Another reason why Xero is beautiful accounting software is the over 500 add-on applications allows small business owners the flexibility to customise the platform to their own specific needs. So whether you are a tradie, hairdresser, uber driver or pyschologist, you can tailor the platform to suit your needs.
4. Real Time Data on Any Device at Any Time
One of the key selling points of Xero for our plumber and building accounting clients is it allows businesses better control over their financials with access to real time data on any device at any time. Business owners can get a snapshot of their current financial position quicker than your local barista can make your coffee.
This is really the big one to end on. The software allows business owners the chance to automate many of their time-consuming financial and administrative tasks. Automating your accounting tasks frees up more time to do what you love – and what earns the dollars!
Why you need HA Accounting to Xero in on your business
Xero is your leading choice when it comes to online accounting platforms. It’s easy to use the system, many handy add-ons, flexible customisation and automation mean your finances are being managed to the best of their ability. It’s important to get the most out of the software to use a Xero accountant.
The next component of your accounting journey is to enlist an accountant. Your accountant is more than someone who just works your numbers. They are there to guide you through every step of your business and help your business to grow.
There are many pieces of advice you can follow when choosing the right accountant. Our main piece of advice follows on from our recommendation of Xero as your preferred accounting platform. If you have chosen Xero as your online accounting system, you want your accountant to be the master of the software. They need to know Xero like the back of their hand like we do. This is where the difference lies.
Xero Accountants should be Certified
There are some accountancy firms that are ‘Xero certified’. This just means they have completed some additional training and earned their Xero certification. Don’t get us wrong they know the software, which is great. You want your accountant to be qualified and educated in the program. The only problem is those accountants who achieve their certification, yet then fail to utilise the system. Their certification could be to attract clients or to add extra kudos to the firm. But unless those accountants are utilising the system on a day-to-day basis, the certification is worth no more than the paper it is written on.
When searching for your accountant, ensure to confirm if they are a Xero tax accountant and not just Xero certified. This will ensure that they are best equipped to manage your finances and work with the software. This is important when it comes to preparing your tax return and quarterly BAS preparations. This might seem like a not so important topic. However, this can save you thousands in accounting fees. As we use Xero tax we see the benefits in the second year the automation means we can spend more time on what matters most and finish our clients’ financial statements and tax returns in half the time.
Doing your accounting homework prior to enlisting your accountant will save you not only time but money down the track.
Contact Zac in our Albury & Tocumwal offices to discuss the many benefits that Xero and HA Accounting can bring to you