Online Accounting

Xero Certified

As a young accountancy practice we didn't want to stick with all the traditional accountancy software that can be expensive and difficult for clients to use so we went on the hunt for something a little different.

After some research and a few free trials we discovered Xero online accounting. Xero advertises itself as the world's easiest accounting software and after trying it out we would have to agree.

We liked the software so much that we even do our own accounts on it. So what is so good about it I hear you ask?

To us the top 5 things that make this a great piece of software for small and start-up businesses are:

Less Stress

Xero operates in the cloud so you can access it from anywhere, even on your mobile phone. As your accountants we can access it too, so if you get stuck or need some advice we can have a look.

Save Money

With automatic bank and PayPal feeds you save so much time not having to enter all the transactions. Once set up the transactions from your business accounts feed straight into Xero, all you have to do is let it know what these transactions are for. It even starts to learn what your regular transactions are.

Make Money

Raising invoices is really easy and you can email them straight out to your customers. You can even set up repeating invoices to be sent automatically. Your dashboard clearly shows all the invoices that are outstanding making it easier to chase in what you are owed.

Control

Xero offers easy access to up to date information. The home screen in Xero shows your current bank balances, money that is due to come in and money due out. This makes it so much easier to manage your cash flow. There are also very easy to use reports that can show how your business is doing comparing month by month or by year.

Simplicity

Xero is designed for small business owners and doesn't contain lots of accountancy terms like debit, credit and liabilities. Items are labelled exactly for what they are, in plain English.

We are offering Xero to our clients as part of their bundle of services so there are no extra fees for having the software.

As an example of the costs, if you are set up as a limited company with one director the fees would be as follows:

Turnover Monthly Fee (excluding VAT)
0-£50k £120
£50-£100k £130
£100-£200k £155
£200-£500k £190
£500k -£1m £230

Included within your fee would be:

  • Xero accounting software with access for as many users as you need
  • Xero training
  • On-going support and assistance with bookkeeping on Xero
  • Annual company accounts
  • Annual company tax return
  • Processing of annual payroll for one director
  • Director’s personal tax return
  • Filing of annual return and other Company Secretarial matter
  • Acting as the registered office
  • Detailed quarterly management accounts
  • Filing of quarterly VAT returns

On top of this, all our services come with year round support and robust business advice so contact us to see how we can help.

LinkedinFacebookTwitter

Blog Feed

What is Income Tax?

This blog looks at some of the basics of income tax. There are some complex rules and not all of them can be covered without inducing a coma but hopefully an overview will be useful and give most people enough information. If you do need more information or have a specific question please send us [...]

Posted: 16th February 2012 16:27

Tax hike on Company Cars

From April 2012 a new emissions scale has been introduced which could mean hefty increases in tax charges for those using company cars. If you are provided with a company car which you also use for private motoring (including travel to and from your place of work) you are receiving a benefit which is subject [...]

Posted: 2nd February 2012 10:49

Twitter Feed