“What is an accountant?”

“Someone who solves a problem you didn’t know you had in a way you don’t understand at a price you can’t afford.”

This old joke highlights one of the most persistent ideas about accounting – that it is expensive and difficult to understand. For as long as businesses have existed, accounting has been seen as inconvenient and expensive. But technology has changed things. Xero accounting software has now made accounting more accessible and affordable than ever. Let’s take a look at the benefits of cloud accounting in general, particularly Xero accounting software.

The benefits of cloud accounting

  • Businesses want to run accounts easily and more efficiently. With Xero accounting software, you can get an up-to-date reflection of your bank balance. This means that you see every transaction as it is processed and can monitor your balance as funds flow in or out.
  • With the cloud, you can avoid the inconvenience of dealing with paper invoices by sending and saving them online.
  • The cloud also makes you more mobile because you can access information and get an overview of your business from anywhere. This not only leads to increased productivity, but also easier collaboration with you and your accountant so that you are both on the same page.

The benefits of Xero accounting software

  • Unlike older accounting software that was created for accountants, Xero accounting software was designed with business owners in mind. With no jargon and technical language, it’s designed to be user-friendly. This software doesn’t require you to be a trained accountant because the information you need for your business is easily understandable.
  • Many business owners who use other accounting software solutions have to worry about keeping it up-to-date and compliant. With Xero accounting software, you don’t have to worry about backing up all the time or buying software updates and uploading them. This is done automatically. With your automatic updates, you can be sure you will always have the latest version of the software.
  • It’s easy to install and start using Xero. It integrates with other systems, unlike older accounting software solutions that were stand-alone packages. It will integrate with online banking, e-commerce, point of sale and stock. Today’s businesses don’t want to worry about manual input or uploading data. For your convenience, you can make use of free training that includes Xero University and Xero TV.  
  • Your data is safe with Xerox accounting software. It’s kept on the cloud in encrypted servers. It’s affordable and easy to use.

Rae & Associates offers accounting consulting services and accounting software to suit the needs of small businesses. We have worked with many start-up business owners and know that financial management is one of the biggest stress factors in any business. We can help you to choose the best, most affordable, accounting solution for your business. Why not implement a cloud accounting tool to see how this will improve your financial management? Talk to us to find out more about how small business accounting software can help you take your business to the next level.