Accounting, which is the recording of financial transactions of a business, has three pillars:
Setting up a system to record transactions;
Tracking and recording of transactions; and
Compiling the results into a set of financial reports.
Unfortunately, in most small and medium sized businesses these pillars are more:
Keep all the slips in a shoe box.
Hand it to an accountant to capture into a black box.
Receive reports, weeks, sometimes months afterwards.
There is a better option.... and it gives you
Real Time Information
Access to numbers
in an instant
No more holding onto slips forever
Access from Anywhere
You can work from anywhere, anytime
Ready for accounting like never before ?
We love using XERO,
the cloud based accounting platform
that has a feature to run every part of your business:
Powerful Dashboard View
Monitor all your key information in one simple view with the online dashboard. Keep track of your bank balances, key accounts, invoices, bills and more.
The dashboard is filled with simple charts and graphs and can be customised so you can quickly view and track the areas most important to you.
Not Just Sales and Invoice
Easy to use electronic quotes and invoicing that makes it simple to create and track your invoices.
Create and customise the look of your quotes and invoices to suit your business.
Reduce manual tasks and speed up your invoicing, using preset inventory items, replicating previous invoices, and setting up repeating invoices.
Take the pain out of payment collection with dashboard views and automated reminders.
Purchasing and Expenses the Easy Way
Reduce admin, pay your suppliers on time, and get an instant overview of where your business is spending money.
The purchasing dashboard gives you a complete view of your purchases and you can schedule payments and batch pay suppliers.
Purchase order approvals ensures only approved expenses are incurred.
Automatic Bank Feeds for Quick Recons
Keep track of your cash flow with fast bank reconciliations.
Xero automatically and securely imports your bank transactions every business day.
You can set up rules for matching your bank transactions automatically to invoices, bill payments and purchases that are already recorded in Xero, making reconciliation seamless.
Tailored Reports at Your Fingertips
Get reports when you need them.
Make better business decisions with easy-to-use financial reporting tools. Keep within budget and monitor the numbers from wherever you are.
Instantly drill down into the figures with tailored reports and measure specific KPI's for your business.
Go Mobile - Go Anywhere
Run your business from anywhere.
Log in from any internet enabled device, or with the mobile accounting app for IOS or Android.
It’s easy to send invoices, approve expenses, input receipts and reconcile. So you can set up your office, wherever you want.
Never worry, as backups are automatic, updates are free, and unlimited user's accounts are allowed.
Attach Files to Data and Ditch the Slips
Store your business information online, in one secure central location with Xero. Managing and sharing your files has never been easier.
You can attach:
Supplier invoices to a purchase order,
Attach files or pictures to an invoice so your customers can see them,
any relevant document to any transaction.