With growing demands from Her Majesty’s Revenue & Customs (HMRC) to digitise your business tax returns and financial reporting, now might be a good time to consider moving your business finances onto the cloud and switch to Xero cloud accounting.
There are plenty of advantages in doing so. By harnessing the latest technology, you will have better financial information, with more up to date and often real-time reporting of your financial position. Reductions in workload mean time saved, and costs reduced.
As a result of these new technologies, the role of accountants and bookkeepers is also changing. With more of the basic finance functions taken care of by automation, it is possible for your accountant to move more into an advisory position, playing a greater role in helping to monitor trends and give early warnings that mean business stays on track financially.
One of the leaders in the growth of cloud-based, technology-led accounting improvements is a company called Xero. Its cloud-based software has become an established brand and is a growing force in more efficient financial accounting. At Time Wise VA we have been using this software exclusively for a number of years as we believe it has all the necessary facilities for small to medium sized businesses. As we exclusively use Xero we are in a position to recommend it to clients, and can support them through a transition to Xero and cloud-based financial recording.
Xero was launched in Australia in 2008, and has become a leading business there. The platform was used to process A$640 billion of transactions in the last year, and to pay the wages of more than 1.4 million Australians. The company recently consolidated its stock market listing in Australia, preparing it for further expansion into markets in the USA, South East Asia and South Africa.
So, wave goodbye to servers in your office, and to paying for regular software upgrades that need to be installed on local office computers. The cloud revolution means a simple, subscription-based cost that gives instant access, free updates and plentiful support. Time wise VA are Xero Certified Advisors and use Xero cloud accounting to provide bookkeeping services for an ever widening range of clients, all of whom are delighted by the improvements they see in their business from having made the switch.
There are lots of beneficial aspects to putting your finances on the cloud. You can flexibly outsource support, rather than need a dedicated – and expensive – member of staff. You get access to innovations such as smartphone scanning of receipts, a fast and efficient way to automatically record expenses that does away with those scraps of paper, and month-end filing. And the ability to have real-time information about your cash position and more broadly, how your business is doing, gives a higher level of comfort to many business owners.
So, what are you waiting for? Time wise VA are Xero Accounts experts and Xero Certified Advisors in Manchester, so call us today on 0161 211 9837 or contact us here to learn more about how little a switch to Xero cloud accounting will cost you, and how much you will benefit.