bookkeeping software

Xero and Receipt Bank – the perfect bookkeeping software combination

Our earlier article looked at the 4 signs that tell you it’s time to hire a bookkeeper.

Well, now you’ve decided it’s time to ditch your shoebox receipt filing system and get some professional help one of the many advantages you’ll enjoy is access to bookkeeping software.

The great thing about using a professional bookkeeping service is that you can utilise up-to-date software without buying a licence yourself.

Here at Time Wise VA, we use Xero and Receipt Bank.

Why?

We’re about to tell you.

Why Xero?

We use Xero because it’s powerful, intuitive, cloud-based, and caters to smaller businesses’ needs. In a nutshell, it helps us take care of all your invoicing, payables, expense claims, VAT returns, Payroll, reporting, and much more.

And it gets better; we can also import daily bank statements to monitor cash flow. Plus, to allay any security fears, you don’t have to transfer documents to us. Instead, it’s sent securely to Xero bookkeeping, which we can then access. Of course, that ease of access works both ways, so you have accurate real-time insight into how your business is performing.

What about Receipt Bank?

Keeping track of your receipts can be a nightmare. Any that are lost can result in you losing out financially at the end of the year when tax season hits. But that’s where Receipt Bank comes in.

It gives you a simple and efficient way to digitise your bills, invoices, and receipts into easy-to-access data. Plus, it can also be used to upload your business purchase invoices. Once in data form, forward it to us, and we’ll make sure you get the maximum financial relief possible on your tax bill.

The final word on our bookkeeping software of choice

Using the latest bookkeeping software, you will transform your finances from a tedious, error-ridden task to one that’s cost-effective, accurate and a lot less hassle. And that’s got to be good.

Not only will it streamline your business, but it will also cut down on paper wastage and unnecessary storage space. Plus, it will make tax season a lot easier to deal with.

So, if you want real-time financial data that’s easy to access and accurate, look no further. We’ve got you covered.

Timewise VA uses the latest financial software to help small- to medium-size businesses keep track of their finances in real-time. Call the team on 0161 211 9837.

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