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Understanding what’s happening in your business and being able to make informed decisions is paramount in today’s market place. In an era where cash is king, knowing and understanding your cash flow is the number one priority for most local companies. But with the pressure of more Tax, PAYE and VAT changes comes the problem of keeping everything up to date, while still driving the business forward.
As Ian Selwood explains: "This recession seems to have brought about a greater need for businesses to improve efficiency levels and increase profitability. As a result, companies are rapidly adopting cost cutting IT solutions to take the strain out of day to day business running. From payroll to ordering supplies online and time and attendance management, these labour intensive tasks can now be hosted, controlled and stored online using ‘Cloud’ based technology. Early adoption of ‘Cloud’ internet technology can provide companies with an opportunity to transform their business models and gain a competitive edge. This may seem like techno babble to many business owners, but remember, these types of online solutions do reduce costs and leave you able to concentrate on your core competencies."
With this in mind, Randall and Payne have partnered with Xero, a Cloud Technology company that has developed a new way of handling your business compliancy accounting online. Using their Xero web interface, local companies can now run their business and access all accounts information from work, home or on the go, all in real-time - from bookkeeping to invoicing and payroll, all working together seamlessly and reconciled with their bank. No more manually inputting the data from your bank account into your bookkeeping package on the office PC and then having to double check everything - it’s done automatically! The real advantage is it’s secure, safe, easy to use and you can allow your accountant and/or bank manager to access the information, speeding up decision making.
As Ian says “We were one of the first accountancy practices in the South West to offer this type of service to our clients and once we’ve done the basic set up they love using the system. The speed at which they can complete bookkeeping tasks is breathtaking, which has the knock-on effect of reducing time and saving money”.
What you need to know about Xero:
• Xero is a new way of doing online accounting for SME businesses
• Over 100,000 businesses use Xero in 50 Countries
• Run your business and access your accounts from work, home or on the go.
• Get your bank statements imported and categorised automatically with invoicing, debtors, creditors, sales tax, expense claims, fixed assets and multi-currencies
For more information on how Randall and Payne can help you call Ian Sellwood on 01242 548600
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Randall & Payne is a brand name of Randall & Payne LLP. Registered in England & Wales number: OC345710.Rodborough Court, Stroud, Gloucestershire GL5 3LR.
Unless otherwise indicated we use the word partner to refer to a member of the LLP. Registered to carry on audit work and regulated for a range of investment business activities by the Institute of Chartered Accountants in England and Wales. A member of the ICAEW Practice Assurance Scheme. Google: Tax, VAT, Corporate Finance, Management consultancy, business advisers, accounting, business planning, business advice, accountants, accountant, adviser, Gloucestershire. Site by IsaacPartnership |
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