Xero Bookkeeping Service - Changing the Way We Work

 

Digitization is happening in companies all over, and Xero bookkeeping services are changing how accountants and bookkeepers operate. The cloud-based software automates bookkeeping functions, making small and medium-sized businesses work efficiently. Below are ways in which it has changed the way small and medium-sized businesses operate.

Automated Bank Feeds

With Xero, you do not need the hassle of sitting down and importing bank statements into Xero. Xero designed a bank feed automation system that imports information from your bank statements automatically. Bank reconciliation is therefore made easier with Xero for bookkeepers.

The result is that accounting and bookkeeping processes are now faster, which saves a lot of time for bookkeepers. Another good thing is that bookkeepers and business owners can access the company’s financial records from anywhere.

Data Security

Every piece of information on Xero is safe and secure. The platform stores data in the cloud, under layers of strict security protocols. The tight security on the data makes sure that unauthorized individuals cannot access your data at any time. Accessing the data requires that you key in a special security code that Xero staff give to you.

The security code is a secret key which bookkeepers and business owners keep as a treasure. Xero experts train you on how to key in the security code to access your information. They also teach you how to change it in case you feel someone else may have discovered it. Knowing that your financial information is safe leaves you with peace of mind and you can focus more on steps to improve your business.

Efficient Bookkeeping

Xero bookkeeping automates bookkeeping services, making them fast and efficient. Before Xero, bookkeeping involved paperwork which was tedious and bulky. Because Xero bookkeeping services automate and synchronize all the data fields bookkeepers require, accounting information auto-populates in real-time.

Because of the real-time updating of the company’s account, the business owners have an overview of the company’s financial position. It becomes easy for them to know which areas of the business are doing well and those that need close monitoring.

Affordable, Easy Pricing System

With all the benefits of Xero, one would be tempted to think that it is a complex system that needs only experts in the financial field to understand. However, it is the opposite. The Xero platform is user friendly, and one needs basic knowledge to navigate through the system.

Also, the Xero pricing for bookkeepers is a simple three-tier model. It contains a starter pack, a standard, and a premium package. All of them have different levels of benefits that one can understand easily. The premium package costs the most, while the starter package is the least expensive among the three.

Conclusion

Xero bookkeeping services are revolutionizing the way businesses operate. Instead of worrying about the books of accounts, business owners have ample time and can focus on ways to improve their companies. Automation of services also makes businesses to operate fast and efficiently. Bookkeepers also can work from anywhere and can serve several clients at one time.