Pixel

5 Reasons Why We Recommend Xero

Gary Green
Gary Green
January 23, 2020

We've made no secret of the fact that we recommend Xero to all our clients. We believe it's the best accounting software for businesses of all sizes.

Key Business Consultants are Xero experts. We've been awarded Gold Partner status by Xero themselves. And we've even built our own project management system via the Xero partner app scheme.

In today's article, we going to explain exactly why we recommend Xero to our clients, and how it can help your business.

1. Cloud Accounting

As Xero themselves say: "Spreadsheets are history, the future is in the cloud".

When your accounts are in the cloud, you can stay up to date with your finances at any time, anywhere and from any device. An accurate, real time view of your accounts is at your fingertips.

Spreadsheets are static, out of date and were never designed for accountancy in the first place.

The whole world is moving to the cloud, and accounts are no different. Don't stick with spreadsheets just because you're used to them. Join the 21st century!

2. Fewer Errors

If you still use spreadsheets, you're risking human error creeping in to your accounting and bookkeeping.

This can be as simple as typos and transpositions when doing data entry. But it can also include incorrect or inconsistent interpretations by staff.

With a cloud accounting platform like Xero, financial data flows automatically into the software from your bank accounts. No more errors, miscoded items or inconsistent VAT designations.

With the recent emphasis on Making Tax Digital (MTD), it's more important than ever that your accounts are up to date and error free.

3. Less Stress

Traditional accounting software still leaves you with a lot of work to do. In particular, you have to spend a lot of time on:

  • Bank reconciliations
  • Creating invoices
  • Paying bills
  • Filing VAT

Xero makes all of these tasks simple. Bank reconciliations take a click. Filing VAT directly to HMRC is now stress-free (the software is fully compliant with MTD). Payments and invoices are made frictionless with options like:

  • "Pay Now"
  • Automatic reminders
  • Invoice templates

4. All The Team Can Use It

Complicated spreadsheets and legacy accounting software are largely impenetrable to anyone outside the finance function.

This means that team members can't do basic tasks like checking receipts, raising invoices or paying bills. A highly-paid accountant needs to be on hand all the time to make sure the business keeps running.

Xero is so intuitive and user-friendly that the whole team can get involved. We offer Xero training to all our clients. We can get you set up and walk you through the best practices so you'll get the most out of the software. If you'd be interested in hearing more, please get in touch.

5. Value & Flexibility

Traditional accounting software throws up a number of problems for modern businesses. One of the biggest issues is cost: it's expensive to set up, expensive to add new users and expensive to keep updated.

Xero, on the other hand, is affordable and flexible. You pay on a simple subscription basis, only charged for the services you need. And because it's cloud-based, software updates are taken care of automatically.

Xero is built to grow with your business. If you need to add new users or greater functionality, it's a piece of cake to upgrade.

If you'd like to work with us to set up or optimise your business on Xero, please get in touch.

Interested in our services?
Fill in your details and a member of our experienced team will be in touch shortly to discuss your needs.
Contact Form Demo (#1)
We adhere to strict GDPR rules and do not reveal or sell your data to any third-parties. For more, please read our Privacy Policy.
Latest Insights
October 23, 2023
PAYE Investigations

Dive into the world of PAYE investigations. Uncover the facts, implications, and insights in this informative blog

September 29, 2023
London-based accountancy business acquired by Key Business Consultants

Exciting Merger Alert: London's Reed Taylor Benedict & Benedict Leff Accountants Acquired by Key Business Consultants.

September 18, 2023
Tax Tribunals – An Overview

Dive into the realm of Tax Tribunals: A comprehensive overview shedding light on this crucial aspect of taxation.

September 2, 2023
What Is A COP8?

Learn about COP8, a tax-related Code of Practice issued by HMRC for suspected tax avoidance cases. Discover when COP8s are used and the penalties associated with them.

August 20, 2023
HMRC Compliance Checks

Navigate the complexities of HMRC compliance checks confidently. Our comprehensive guide covers everything you need to know about handling tax inspections and more.

August 6, 2023
Tax Evasion and Tax Fraud

Untangling the complexities of tax evasion and fraud. Delve into our comprehensive guide to understand the differences, consequences, and preventive measures.

June 18, 2023
Which Jobs In The UK Have The Best Salary Growth Potential?

Explore the top UK jobs with the highest salary growth potential. Uncover promising career paths and industries that offer substantial earning potential.

May 23, 2023
How To File Dormant Accounts Through Companies House

Learn the step-by-step process of filing dormant accounts through Companies House with our comprehensive guide.

May 19, 2023
Customs Declaration Service (CDS) and VAT

Discover how the Customs Declaration Service (CDS) and VAT intertwine in this insightful blog article.

View Our latest insights »
Get the latest UK tax & business news and guidance delivered straight to your inbox
Newsletter Form (#2)
We care about the protection of your data. No spam. Unsubscribe anytime.
Copyright © 2022 Key Business Consultants LLP. Reg: E&W OC389322
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram