Xero – bookkeeping in the Cloud for small businesses
When you own and run a small business it’s really important to focus on the right things and to use the right tools. We’re a Silver Champion Partner for leading Cloud-based software, Xero. We recommend it because it’s great businesses like yours.
Why we use Xero in the Cloud
We use Xero because it’s an easy, cost-effective and powerful solution for your bookkeeping needs. Most accountancy practices use it too, so there’s no need to duplicate records when it’s time for your year-end accounts or tax-planning advice.
We offer all our clients training and support for Xero but, to be honest, it’s so easy to use, you won’t need much help from us.
And, it’s all available for a monthly subscription, so costs are easily managed too.
What are the benefits of Cloud-based bookkeeping?
The Cloud is a place where you can access your data and applications at any time and from anywhere. There’s nothing to install and no need to update to the latest version – it all happens in the Cloud.
You can use any type of internet-connected device – your desktop computer, a laptop, a tablet or a mobile phone.
You won’t be tied to your office desk to deal with your finances anymore.
Your information is always up to date and you can give other people permission to access it from other devices too.
You can decide what they can see and change so you can keep control of your business.
Importantly, your information is secure and is always safely backed-up, so there’s no risk of losing your records. Even if your devices are lost, stolen or damaged, your information is secure.
What can I do with Xero?
You can pay bills and create invoices. You can email the invoices directly to your customers – even from your mobile phone. | You can keep on track using your mobile devices to view easy-to-understand reports and budgets that we’ll set up for you. | You can manage your payroll and expense claims and receipts can be scanned or photographed and stored safely online.
How we help you to keep everything organised
Once you’ve put your monthly records into Xero we will keep track of your payments, receipts, sales and purchases for you.
We will organise your financial information on a regular basis and store it for you in your general ledgers.
We will also make sure that your information is organised in ways that your accountant will find easy to use.
That will save them time and reduce your accountancy fees.
We can also help you to understand your financial information. We will allocate your costs and income in the right places and create easy-to-understand reports.
We can also keep an eye on your cashflow and highlight late invoice payments.
Xero and Making Tax Digital (MTD) for VAT
Xero provides built-in VAT recording and reporting. Your VAT returns can be submitted directly to the HMRC from Xero in line with the new MTD for VAT requirements. Our Xero services are tailored to your requirements so call us on 01234 247507 or Email firstname.lastname@example.org to discuss how we can help you best.
"Since we changed to LEO Bookkeeping Services we have never looked back. Efficient and always willing to come up with an answer no matter what time of day. The move to Xero accounting software is one of the best decisions we have ever taken. The platform is so easy to understand and has been a key factor in improving the financial efficiency of F&F Projects Ltd."
Danny Hodrien - F&F Projects Ltd