Growing Your Business? What You Can Gain From Investing In Cloud Accounting
Growing Your Business?
What You Can Gain From Investing In Cloud Accounting
Growing your business is not easy. It is stressful and demanding, especially if lots of finance data is spinning about your head. But seeing your business grow and accomplishing your personal goals is extremely satisfying!
Investing in the best business tools is one of the keys to developing a growing business. It’s critical that you can access and manage your accounts in a fast and efficient manner. NKY Consulting has the solution for you in Xero Cloud Accounting software.
Xero is entirely cloud-based accounting software. You can manage multiple data sources on one platform, allowing you to perform bookkeeping functions like invoicing and payroll, and it also allows you to connect the software to a live bank feed. Plus, it’s great for reporting. It’s the best product on the market, and that’s why we use it!
Let’s analyse its benefits together, but first let’s learn what Xero cloud accounting software is.
What Is Xero Cloud Accounting Software?
Xero cloud accounting software has all the same functionality as desktop accounting but moves the whole process to the cloud and expands upon it. You can manage and access data from any location with any device. There’s no desktop application – you log in to an always-up-to-date online solution. All the data is secured safely on a cloud server. Most cloud platforms will also have an open API, meaning third party software can connect with your system to provide even further value to you as a business owner. Say goodbye to accounting spreadsheets held on your office desktop computer!
Xero Cloud Accounting Software – The Key Benefits
- Time Saving & Money Saving
We all know how important time and money are when you want to grow your business. We all want to get paid quickly and keep cash flow positive. Xero allows you to take control of your business with full automation and high-level accuracy, reducing the amount of time you spend on manual inputs.
You can complete invoice templates for invoices with clients’ contact details saved in Xero. Set-up a repeat invoice that can be immediately emailed to the client – it’s as easy as that!
- Work Simultaneously With Your Accountant
Both you and your accountant need to have a clear view of your business’ current financial position. With Xero you can collaborate in real-time with your entire finance team. Wherever you are in the world you can connect to your accountant through Xero, instantly reviewing information together.
- Security
Xero sits on the cloud and adheres to the strictest cloud security standards. It’s accessed using a two-step authentication process for added security. All information is encrypted so only you can see your finances. Even if your laptop is stolen or you do not have access to your device, your data will not be lost. With Xero you’re always in control.
- No More Spreadsheets
Wave goodbye to numerous spreadsheets that are time consuming, prone to error and suck the time out of your day. Xero allows you to automatically connect your bank accounts feeds, saving you time and removing the need to reconcile your bank account on a spreadsheet.
- Improve Business Efficiency
Xero has over 700+ third party integrations that help make your business more efficient. Use Xero, and clients’ invoices, bank statements, receipts, etc., can be managed by uploading receipts and statements to cloud-based document hubs. Chase unpaid invoices or automate reporting and financial analysis. All this can be done using Xero apps.
Conclusion
As you see there are a host of benefits from using Xero for your business. It’s very easy-to-use, with fantastic features that can grow with your business.
NKY Consulting are certified Xero partners, which means we can help you get everything set up correctly and show you around. If you’d like to learn more about Xero cloud accounting software and how it can improve your business contact us for a free consultation.