Digitising financial systems has become less of luxury and more of a necessity in recent years for most businesses. And as a Global Xero Partner, we are ideally positioned to help you thrive.
Xero is a market leading, cloud-based accounting software platform that’s ideal for small and medium-sized businesses.
To put it simply, Xero makes business easier. It helps business owners take control of their finances, so that they can invest their valuable time and resources into what they do best – their business.
What is cloud accounting?
Cloud accounting has all the same functionality as desktop accounting, but instead, the entire process is on the cloud, meaning all accounting services – such as databases, software, analytics, and intelligence – is stored, and accessed via the internet. Cloud accounting utilises a remote network to store, manage, and process financial data to boost innovation, flexibility and accessibility.
An ideal solution for businesses of all sizes, the cloud is a platform that makes data accessible online anytime, anywhere, from any device.
The benefits of cloud accounting
With cloud accounting, time consuming processes are a thing of the past. Whether it be chasing unpaid invoices or importing bank transactions, cloud accounting ensures accuracy and increases efficiency, streamlining the way businesses operate with simplistic functionality.
Benefits of cloud accounting:
- Cloud accounting provides a clear overview of your current financial position, in real time
- Multi-user access makes it easy to collaborate online with your team and advisors
- Automatic updates allow more time to invest in your business
- Operating via the cloud means everything is backed up automatically, and updates are free and instantly available
- Upfront business costs are reduced, so version upgrades, maintenance, system administration costs and server failures are managed by the cloud service provider, so it is one less thing to worry about
Why Xero?
As Global Xero Partners, we recommend Xero to all our clients. Xero is a market-leading, cloud-based accounting platform and our software of choice for many reasons.
The collaborative online platform allows us and other parties to work alongside our clients in real time, offering proactive support and assurance at every stage, helping to build trusted relationships. As an online solution, Xero keeps you connected anytime, anywhere on any device.
Xero delivers high integrity accounting solutions, providing crucial access to financial data that is both accurate and credible, helping you and us monitor activity and react accordingly.
Suitable for a range of businesses
Small and medium sized businesses make the world go around, which is why it is vital that they are provided with the right resources and information to thrive. For optimum system performance, Xero recommend the following monthly limits per subscription, making it suitable for a wide range of businesses:
1,000 Sales Invoice
1,000 Purchase Bills
2,000 Account Transactions
2,000 Bank Statement Lines
1,000 Lines per Statement
Additional apps to automate data entry
One of the most arduous tasks for any bookkeeper, accountant or business owner is manual data entry. Here at PKF Smith Cooper, we have implemented a number of smart software solutions that automate this process, from capturing and submitting data, to processing and extracting the information.
Dext
Dext is a smart software solution that integrates seamlessly with leading cloud accounting platforms to unlock automated publishing and automated transaction matching for quickfire reconciling. With Dext, you are able to capture, store and keep track of your business receipts, bills, invoices and bank statements, saving time and cutting costs. Whether you are a small-to-medium sized business, a sole trader or self-employed, Dext can simplify your accounting admin.
Dext’s features and functions are designed to keep things simple and efficient:
- Use your phone to snap and extract all the important data, and then scrap the physical copy. Paperless and simple!
- Upload bills, receipts, invoices and bank statements on-the-go from your phone, laptop or email account, before connecting your accounting software via our seamless integration.
- The time you would usually spend on your financial admin can now be spent on what really matters, like growing a business!
Syft
Syft is an interactive reporting tool that transforms your financial data into highly visual reports and insights. Whether you are looking to produce a simple report or a detailed interactive dashboard, Syft makes it easy to create financial overviews using AI- powered insights. The consolidation tools also provide a unified view of financial data across multiple departments, subsidiaries and entities, helping business owners to track overall performance within an organisation more effectively.
