Should You Automate Your Bookkeeping With Cloud-Based Software?
Must-Know Best Practice Bookkeeping Tip #3
Automate With Cloud-Based Accounting Software!
Are you still using spreadsheets? Then we need to talk.
Don't get me wrong, I love a good spreadsheet, but for day-to-day business operations I find spreadsheets more tedious and time-consuming than using cloud-based software.
So why use cloud-based software?
The main advantage is being able to access real-time data from anywhere at any time. We recommend Xero, and are certified advisors.
Why Xero?
In case you haven't noticed yet, our team at The Kartel Solution LOVE Xero.We appreciate automation and high-performance accuracy, and Xero helps us to create endless efficiencies by reducing the amount of time spent manually inputting business finance data.We love that you can view real-time financial details including outstanding invoices and bills you are still required to pay - any time, anywhere and via multiple devices.
Top Xero Benefits:
Anytime, anywhere access on Cloud, SaaS, Web, Android/iPhone mobile, iPad
Unlimited users and mobile app features
Efficient and time saving features (store digital files, pre-fill bills, utilise bank rules, and extract data automatically)
Get paid faster with recurring payments, online payments and automatic invoice reminders
High data security
It's always improving with real time upgrades (no back ups)
If you have employees, it's in compliance with STP
Instant financial reporting and powerful forecasting
Navigation Made Easy features
Adopting Xero has a host of benefits - but we get it, change can be scary!
Thankfully Xero offers a 30-day free trial, and as certified Xero advisors, we also can pass on a nice discount. We can help you set up Xero (or migrate from your current software) and show you the ropes if you wish to DIY, or we completely manage the finance function or you!
Xero Alternatives:
If Xero is not your jam, we get it. Here are some alternatives:
Fresh Books
Zoho Books
QBO
Wave
Sage
MYOB
Reckon
Or stick with spreadsheets … But seriously, please don't stick with spreadsheets :)
Hot Tip
Ensure your Xero file is up to date as soon as possible. October Q2 is the start of a new quarter. Understand your current Q1 BAS liability (July – September 2022) due 25th November, now!
You should already have these funds in your Liability Savings Business bank Account, if not, start now.
Need advice on setting up a budget or understanding how to separate transactions?
Let's chat!