Xero is one of the leading cloud accounting software packages – it runs on the internet and to access it you visit a website and sign in with your username and password, which means you can use cloud accounting software from any device as long as you have an internet connection.
Ease of use and peace of mind
Xero is mobile which means you can generate invoices on the go or process payments immediately. Data capture and entry are more automated using apps, reducing the time required. The software is secure and backed up online and is compliant with HMRC’s Making Tax Digital for VAT regulations which came into effect 1 April 2019.
Gold Partner Xero Accountants Cheltenham
Making the transition from desktop accounting software to Xero is straight forward with the right expertise. At Randall & Payne we are proud to be Xero gold partners and have staff across all teams who are Xero-certified, including adviser, migration and payroll.
To become certified, advisors complete learning modules on Xero’s key features and pass a practical exam. Most are Xero-certified advisors, but Rob Stokes and Alex Rolfe have three Xero certifications each: Xero advisor, Xero payroll and Xero migration. This certification means that our team can log in to Xero accounts at the same time as the client and are able to answer questions and give advice at the time of need.
Bank feeds can be imported with the recent introduction of Open Banking allowing banks to give secure data access to third parties. Xero connects to most of the UK’s major banks. Direct bank feeds will allow you to produce a flow of transactional data such as; streamlining bank reconciliations, expense management, and cash flow visibility. This reduces manual admin work and the risk of data entry errors.
As part of transitioning our clients to cloud accounting we give regular demonstrations of Xero and useful add-ons such as Receipt Bank. As automation of many bookkeeping tasks continues to become more prominent, Receipt Bank is an important tool for data capture. Gone are the days of manually keying in data to your accounting software, saving you time and removing the need to retain all receipts – just scan and then bin them!
We offer a full bookkeeping service for clients who would prefer to concentrate on their businesses, through to advising on appropriate packages, reporting structures and ‘add-on’ applications to complement the basic accounting package.
Make sure you are compliant and that you are embracing the technological improvements which will benefit your business – come and see us for a demonstration or talk to us about your requirements for the transition to cloud accounting.
Read our recent Xero success stories below.