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6 Benefits of Using Xero accounting software for your small business

With so many different accounting software solutions on the market, it can be difficult to know what the best option is for your small business. Chances are, you’ve heard Xero Accounting Software frequently mentioned. But have you been wondering why it’s so popular? In this article, we’ll discuss six benefits Xero can offer your small business. Are you looking for a skilled, cost-effective accountant in Auckland to help with your small business’ bookkeeping? Contact the friendly team at Consol Group at info@consolgroup.co.nz today.

1. You Can Access Xero Anytime, Anywhere

Xero is a cloud-based platform. That means that it allows you to work when you want, where you want, and on any device, including your smartphone – making it a highly flexible option for your accounting needs.

All you need to do is to purchase a monthly package for Xero Accounting Software and log in from a device of your choice. So whether you’re out in the field visiting clients, or just don’t have an office set up yet, Xero helps you stay on top of your business’ finances.

Xero is also a great option if you need to collaborate with colleagues or external accountants. You can easily add other users to your user’s list to grant them access. This makes it a handy option if you have clients or team members based internationally, as you can view your info and balances from anywhere in the world. What’s more, the cloud-based nature of Xero Accounting Software means that all your users will be working off the same, up-to-date data.


2. Get A Clear Financial Overview Of Your Business

As the busy owner of a small business, you probably don’t have much time to spend looking over the nitty-gritty of all your business’ financial details. Fortunately, Xero offers you a clear financial picture from the outset.

With its unique dashboard display feature, you can quickly get a snapshot of how much money’s going out and coming in. The dashboard also offers quick links to the critical parts of your accounts, allowing you to see your overall expenses, creditors, debtors, and bank balances from a single, convenient place.

Using Xero Accounting Software makes it easy to track payments and reconcile bookkeeping errors, even if you don’t have a detailed accounting background. Anyone can do it!

3. Xero Is A User-Friendly Software System

When you’re running a small business, you often find yourself having to multitask. This means that you or a team member without a financial background may still end up having to handle accounting or finances. This is where Xero’s user-friendliness comes in.

Xero uses clear terminology, making it easy to handle your bookkeeping needs even if you don’t have in-depth accounting knowledge. It enables you to upload files and supporting documents for simple transactions. When you use Xero Accounting Software, you get to streamline the process and work off a single platform.

4. Xero Makes Managing Invoices Easy

Don’t worry about balancing Excel spreadsheets and separate Word documents to track expenses and create invoices when you use Xero.

Xero allows you to easily create and track invoices customised to your business’ needs. With Xero, you can create a stylish, professional-looking invoice with just a few clicks and email it directly to your client. What’s more, these invoices can be ‘payment-enabled’, allowing the customer to pay you with any major credit card, right from the invoice itself!

These immediate payments mean that the money comes in much quicker. Save the time trying to create invoices yourself when you use Xero Accounting Software. As invoices are recorded and saved as soon as they’re created, Xero makes it easy to track reconciliations. Plus, you can see whether your customer has opened your invoice, and will be alerted when payment is made.

5. Xero Makes Importing Information From Your Bank Easy

You don’t have to sit down and laboriously manually import bank statements into your accounting software when you use Xero. You can simply set up a bank feed allowing Xero to handle all the integration for you – saving you valuable time so you can focus on running your business.

Automated bank feeds give you daily updates and regular bank statements, which means that with Xero Accounting Software, you get to stay constantly updated on the state of your business’ finances. Plus, this easily lets you track sales invoices, match payments against purchases, and reduce bookkeeping costs.

6. Add As Many People As You Need

Other accounting software systems limit how many people you can add to an account – but Xero doesn’t. Instead, it allows you to add an unlimited number of users, making it a fantastic option if you’re anticipating future growth, or need to enable account access for colleagues from different departments or external accountants.

So if you’re looking for a solution for your small business’ accounting needs, Xero Accounting Software is an excellent choice. If you would like a team of trusted, friendly professional accountants who can help take the burden of bookkeeping off your shoulders entirely, just contact Consol Group at info@consolgroup.co.nz. We’ll help you save time on balancing the books, so you can focus on what matters – running your business.

If you couldn't find your answer, or are unsure about the information provided, please don't hesitate to contact one of our dedicated accountants at info@consolgroup.co.nz today!

Testimonials

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Curtis and Katie Hacon Director, FiTiki Limited

"I had put off finding an accountant for a while because of the cost and perceived hassle however after my first consult with Consol, I immediately wished I had connected with them sooner. Consol are responsive, affordable and easy to deal with. Being able to outsource this aspect of my business has allowed me to focus more energy on the parts of my work that I love. "

Dr Rebecca Herald Clinical Psychologist

"I have been most impressed with Consol accounting team since I made the switch last year. The ‘Switching over’ process was really simple, after the initial set up process I can track and log my company’s financial activity with ease and accuracy. By far the most efficient and helpful service I’ve had with accounting companies. Thank you"

Vivien Ye Aesthetic Nurse Specialist, Vivip Limited

"I started out in full-time private practice over a year ago and also registered as a limited company. I love doing my work and seeing my clients, but I soon discovered just how much time doing the financials could take up. In the first year, I worked on my own tax returns and company statements, but was unsure I had done them “right” and really wanted an accountant’s expertise and guidance. From my first phone call to Andrew Joo of Consol Accounting Limited, I could tell that this service would meet my needs. He has been quick to respond, patient with me, great at teaching lots and is a Xero master user. I find the system easy to use now, and feel encouraged to get the most out of my business and confident in knowing that I will meet my tax obligations. Compared to how long it took me to struggle at doing this on my own, there is clear value in getting the professionals to do my accounting."

Dr. T Melanie Lage, MNZCCP Clinical Psychologist, Lakes Psychology Limited

“I had been searching for an option for my accounting for my business I found Consol to be so easy to get started with the team being available at nearly every point in the day! Highly recommended all those that have busy lives and need to free up some time.”

Andre Stewart Tremains Real Estate, Bay of Plenty

"Consol are great to work with responsive when I have questions, quick to prepare any necessary document and always willing to help if there's anything I'm unsure of. Very happy to have found them."

Stefan Dyke Director, SLHE Consulting Limited

"I would genuinely recommend Consol for all your financial and accounting needs. I needed an accountant quickly to help me find my feet starting up a rapid business. I genuinely had hundreds of thoughts and questions and wanted to do things right first time ... it was all a bit daunting, exciting and a steep learning curve. Andrew Joo was so supportive as he instantly responded to all my needs and then coached me through a solution and helped me understand the minefields at first . It’s really easy now the business is booming and all my accounting is taken care of so I can enjoy the fruits of my labour. I still reach out occasionally and have the answer super quick.. thanks to Consol."

Karl Jones Director, Retail Resilience

"I had just started out in business and soon realised that someone was going to have to help me with my accounting and tax compliance functions. I was very conscious of the need to be vigilant about incurring any new costs, consequently I did a fair bit of research. I came up with the conclusion that I could get everything I wanted, under one roof, from Consol Accounting, at the most competitive rate I could find on the market. It was a win-win. After joining their team I discovered there were a lot of loose ends to sow-up before I could start functioning effectively, and focus solely on running the business side. Andrew, the Founder from Consol Accounting, was an absolute God-send. He was very personal and approachable, and made setting everything up from scratch so easy and so quickly. I’ve basically been running on auto-pilot each month ever since. Just as I had planned. Thanks for your service, guys, best decision I made."

Andre Illemann Like No Other Limited, trading as GoodMooty

"I operate 3 businesses. As a busy owner I needed reliable accountant. I have been using Andrew as my accountant almost for a year and this is my second accountant. I commited transition as one of my friends recommended him and now I thankful to him. Andrew and his team provide a prompt sound and reliable service that is always professional. Andrew is always on hand to answer my queries and it is very professional and prompt in replies even on weekends and publicholidays. He has wide range of knowledge and experience in service of accounting and taxation. He has been helping me out with tax deduction and meximisation of profit. I can highly recommend him to others as he is very motivated and trusted. I would like to make longtime relationship with him and his team."

Steve Kong Director, Katsubi Hamilton & Tauranga

"When I need to get help with my finances and taxation since starting my own business, Andrew at Consol Accounting has advised me on the right approach. Professional and a great experience overall, I strongly recommend Consol Accounting to everyone who needs to get support for taxation."

Michael Park Director, Renewcar East
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