400+ Xero setups and counting…
Pay as go - per month
Offered as a service to small business, this means you pay as you go (SaaS) which is online, in the clouds, a web-based accounting application. Flavours come in three price ranges i.e. Small Business $29 (ideal for freelancers and small property investors); Medium $49 (great for most small-medium sized businesses; and Large $64 (essential for businesses who bank and transact in foreign currencies).
The same features and functionality are offered as “off the shelf software packages”, but with a reduced price range. Inclusive in the cost of Xero, offering hosted service, backup, storage and regular updates. Users are notified of product releases, changes and enhanced features the moment they log on.
With many SME businesses, in particular tradesmen and service type industries, the trend for opting for mobile with software applications becoming more freely available on most mobile devices such as iPhone, Blackberry etc., the added appeal of online accounting has become more cost effective and viable.
The Single Ledger - one source of the truth about your business - shared by your trusted advisor
In Australia, a large number of SME businesses outsource their accounting to bookkeepers/consultants and accounting firms. By using Xero and access to one file this eliminates the problem of files floating around unaccountable for in a number of locations, cd’s, backup files, e.g. someone forgot to upload the latest file when bookkeeper/accountant processed year end.
Just some of these examples pointed out, have seen far too many times and all too often no one is prepared to be accountable for lost information, sometimes the error is only detected months down the track and is a costly exercise to correct, these ongoing problems arise when the SME is too busy doing what they do well and is not totally conversant with their software application.
The onus falls back on the client to ensure correct procedures are in place. By using Xero all these factors will be eliminated – One File, One location, Multiple Access. Xero is not a difficult product to learn, developers have specifically designed the app. as a “user friendly experience” with comprehensive help, support notes and videos easily accessible.
Another factor is streamlining accounting queries and “frown lines” accounting firms can pin point queries and problems before the end of their quarterly reviews, information can be accessed, identified and rectified.
Secure & safe data storage
The physical data is stored on a third part server, and not on the users computers, therefore if a company falls victim of theft, all the financial data is safely stored and can still be accessed by the business.
Australia is known for floods and bushfires especially amongst small home offices, the ability to retrieve from backup is critical to the small business owner.
Save on travel costs
Consultants will become proactive and boost their productivity, by saving on travel time. Wow their clients by solving problems fast and easy using this effective technology. Implement new ways in which to bill clients by providing a “value added service” rather than using hourly rates.
Learn more about Xero
Log onto Xero’s website and enjoy the journey - a huge vault of product knowledge videos available on “how to do”s, plus regular training events running in Australia & New Zealand via webinar and hands on classroom training. Browse thru the fantastic collection of blogs posted regularly from Xero users and @Team Xero who keep readers up to date with product knowledge, updates and interesting events. To find out more visit Xero’s website www.xero.com
Get setup on Xero