We know that running your own business can be tough, and we also know that not everyone enjoys doing the accounts as much as we do. While raising and sending invoices is a vital role within many small businesses, it can be extremely time consuming. Xero minimises much of the hard work so you can concentrate on running your business without worrying about managing the accounts.
With this in mind, we thought we would share our top five time saving tips we love about Xero and pass on the gift of time.We have been experiencing Xero’s time saving qualities over the past few years, and know we have helped our clients get the most from the software while giving them more time to run their businesses.
Here are our 5 time saving tips we love about Xero…
- Flexibility for your business
One of the main benefits of a cloud based system is that it gives you the flexibility to run your business from work, from home or while you have a spare five minutes between meetings. This means that you can have an up-to-date picture of how your business is doing no matter where you are.
Imagine a world where you no longer have to log onto a central computer to check the accounts or where only one person has user access which means that key employees are unable to access financial and customer details. With Xero, this world is a reality.
- Bank transactions are fed directly to your accounting programme
We’re sure that many of you can relate to the nightmare of working through a paper bank statement trying to match the transactions to your accounting programme while frantically trying to locate 35p which seems to have disappeared. With Xero, a link is created directly to your bank accounts so that the software can monitor all transactions – it even makes reconciliation extra easy!
- Automatic rules for common transactions
We all have reoccurring transactions such as electricity bills or cash deposits so it makes sense that Xero can now be set to automatically suggest how to code these transactions resulting in a huge time saving.
- Semi-automatic wage payments and employee portals
Paying your employees really can be as easy as entering the hours and approving a pay run. Within minutes, all employees will receive their pay and a pay slip will have been emailed to them directly. Having an automatic payroll means all business finances are in one place; your business saves time and increases productivity by doing away with manual data entry.
What’s more at the end of the tax year, it is easy to process all of your P60s at once using Xero and, when the time comes, you can close an employee’s payroll record and create their P45 in a few simple steps.
- Always up to date
With Xero, software updates are automatic and seamless. Every three to six weeks, they release innovative new features and enhancements based on ideas from their customers. All updates and upgrades are done for you automatically so you don’t have to waste your valuable time downloading new software.
Here at Harlands, we are proud to be a Xero Platinum Partner so we are passionate about rolling this software out to our clients to make their business life easier.
If you would like to hear more about how you can use Xero in your business, or even trial the software for no cost at all we are offering a 60 day trial. Complete a simple form and a member of our Xero team will be in touch to activate your trial