xero accountants milton keynes

Xero Accounting Services

Why is Xero so good for your business?

Accountants, bookkeepers, support specialists, and sole traders all sing the praises of this influential software, but just what makes Xero accounting services so good for your business?

What makes Xero so good is the focus on cash flow, invoicing, payments, and payroll that is all effortlessly provided in one program. Xero allows you to pay vendors on the spot, know exactly what your customers have purchased, and provides you with real-time information on the financial health of your company.

In this overview of Xero, we will discuss everything you need to know about the program and the benefits it can provide for your business. Read on to find out more and how at CloudCo Accountancy Group, our Xero accountants can add even more valuable insight into your business’s finances.

What is Xero online accounting software?

Xero online accounting programs for your business connect you to your bank, accountant, bookkeeper, and other business apps.

Software programs within a small business are crucial to allowing instant, dashboard access to see cash flow and the operational expenses of a business. Xero not only allows real-time access to financial data anytime and anywhere, but on any device too.

Xero connects with over 5,000 bank feeds globally to automatically import and categorise all your latest banking, credit card, and PayPal transactions. This program will match most of your bank feeds and payments automatically, and also allows you to reconcile other complex financial transactions like split instalments.

Additionally, more great features for small business owners include the instant viewing of invoices online for customers to view what is due and when.

And, when it comes time to running the numbers, Xero software provides some of the best reports you have ever seen. All reports provide a live view of your bank balance with quick links to all the original transactions.

Best of all, to help you get an even better overview of your financial circumstances, you can invite your accountant to collaborate with you and produce management reports. A Xero advisor certified with proficiency in the software can provide 100% Xero-centric accounting services and can add commentary, attach footnotes to specific figures, and even insert graphs to really highlight what is happening with your finances.

Xero automatically keeps a detailed audit trail of who’s done what, and when they did it. This creates more open transparency between you, the software data, and a Xero advisor certified in the software.

Why should you use Xero for your accounting?

Get your books done faster

Xero can automatically handle tasks that used to take up all of your time. From importing bank transactions to sending invoice reminders, we’ll do the work for you.

Add more to your software

Look after your staff with Xero Payroll and drive profitability on your projects with Xero Projects. It’s fully integrated with Xero so you can keep all your business information in one handy place.

Feel confident in your numbers

With all your data stored safely and in one place, it’s easy to get a snapshot of how your business is tracking. You can also invite your accountant or bookkeeper into Xero so they’ll ensure you meet all your tax obligations.

Do business from anywhere, on any device

It’s easy to access all your data and Xero tools from anywhere – just connect to the internet. Plus, keep all your essentials like invoicing and payroll at your fingertips with Xero’s mobile app

Xero online accounting key features

Xero HQ

Clients and staff in one place.

Xero Practice Manager

Manage your practice efficiently.

Xero Workpapers

Manage compliance workflows.

Xero Cashbook & Ledger

A starter for smaller clients.

Xero Tax

One tax solution for all clients.

Why should I use CloudCo Group Accountancy for Xero services?

Xero is more than smart bookkeeping software. There’s a little Artificial Intelligence (AI) built-in, but it’s cursory, and although it is easy to navigate, the tax features are very limited! Therefore you still need an accountant to help you out at year-end, especially if you have a limited company.

An essential detail of business for accountants, bookkeepers, and other types of accountancy professionals is accuracy. With software like Xero, accountants can now add extra insight into the work they do by having their data analysed and compared to what is generated from a program like Xero.

xero certified accountant milton keynes

How much does Xero Accounting software cost?

Xero has different plans depending upon the services they provide. Contact us to talk about these in more detail.

Starter £10 per month

Standard £24 per month - Good for growing small businesses

Premium £30 per month - Good for established businesses of all sizes

What add-ons are available for Xero?

Payroll

from £5 per month

Claim expenses

from £2.50 per user

Track projects

from £5 per user

Submit CIS returns

for £5 per month

Pay with Wise

from £3 per month

Contact CloudCo for Xero Services

Cloudco Accountancy Group offer a modern, straightforward solution to your accounting needs. Specifically designed for contractors and small businesses, one way in which we do this is by using Xero. Our flexible accounting solutions and processes are continually developed to ensure the best possible service and we help many businesses and investors to stay compliant with HMRC, build wealth and manage succession planning.

We are proud to be part of the highly respected DNS group providing award-winning accounting, tax planning, and consulting services. We have dedicated account managers for our clients, who are directly contactable and directly reachable. At CloudCo Accountancy Group we believe in going beyond the statutory requirements that your business may have, to provide an invaluable service and become an extension of you team.

Unlike other accounting companies, which are software-driven operating light touch, CloudCo can provide you with unrivalled advice and support, on request, thus fortifying your partnership with us, and helping to ensure that you get the absolute best out of using Xero.

Name(Required)

FAQs

Xero is easy to set up and use, even if you are on the go and need access to your company's accounts. Xero can be used by multiple devices and can help you keep up to date with your expenses. Xero is great for helping business owners who are time poor, focus on the areas of their business that they really excel at. With that said, Xero cannot completely run your business. You can use Xero support to set reminders as a sort of advisor, but you still have to practice the actual running of your company yourself.
Xero's data migration service, is a protocol that allows the practice of moving a batch of 10 or more of a client's data to a secure location to free up storage space for essential functions.
Yes, Xero assesses and manages VAT according to the line item entered for each amount. This is then all assessed on a VAT return.
Gold status is reserved for long-standing clients that use Xero and is a recognition certified by Xero to show a level of satisfactory experience between the program and the client.
Xero does both, but some users may find QuickBooks a bit better in terms of overall proficiency in bookkeeping. The payroll feature on Xero is incredibly popular and an industry standard.
Xero is similar to QuickBooks in that both programs are tied to business and personal accounting. Whereas QuickBooks is aimed more towards smaller businesses and the self-employed, Xero projects can be said to be more user-friendly for start-ups and rapidly growing businesses. Both programs are wonderful to use in that no third-party apps are needed to access all of your business's accounts and they can be shared with your own accountants. At CloudCo Accounting Group, we use a variety of cloud-based accounting software which we tailor to our clients in order to help them manage their accounts in a modern and seamless way

FREE Accounting Consultation

Call us today or send us an email via our website contact form. We’ll get right back to you!
Have you got questions?
Complete our form and we’ll either call or email you back to help answer them!