You are making use of Xero to help you stay on top of your small business bookkeeping. Or thinking about doing so soon. Somewhere you’ve seen mentioned that you might also want to work with an advisor, either a Xero Accountant Advisor and a Xero Bookkeeping Advisor. But do you? And what’s the difference?
The difference between a Xero Accountant Advisor and a Xero Bookkeeping Advisor firm is important to understand. The majority of the business ownerswe interact with are unaware of the distinction or even what a Xero Advisor can do for them on the whole. Some people have never used Xero yet and have heard it can be useful.
Whatever your status, as experienced Xero Accountant Advisors, Pearl Lemon Accountants can help you get the most out of this innovative cloud based accounting software and help you take better control of your business finances in general, leaving you free to concentrate on what you do best – building your business.
The key difference is the level of advice and expertise. Bookkeepers are great at day to day accounting, but, to be frank, so is Xero. A Xero accountant advisor adds extra levels of expertise, advice and guidance that help businesses grow, rather than just ticking along.
Xero is the ideal cloud-based accounting software for small and medium-sized businesses. It handles essential tasks like invoicing and payroll while integrating seamlessly with live bank feeds. Designed to support both cash-based and accrual accounting systems, Xero ensures compliance with UK GAAP and IFRS standards.
With the expertise of Pearl Lemon Accountants, you can make the most of Xero’s features, keeping your finances organised and your business on track. Whether you’re just starting or scaling up, Xero provides the tools you need to manage your finances effortlessly and focus on growth.
As Xero Accountant Advisors we have found that there are lots of benefits to businesses who choose Xero to power their day to day accounting, but some of the most important include:
Everything is, of course, stored in the cloud when using cloud computing. As a result, you don’t have to worry about files taking up a lot of space on your computer because they’re all safely stored on the cloud.
This also implies that if your computer is lost, stolen, or damaged, you can still use the cloud to access all of your accounts.
Because your data isn’t saved on your computer, you can manage your accounts from any location and on any device. Wherever you are, you’ll always have secure access to your business accounts.
One of the most common concerns about cloud computing is its security. Yes, Xero cloud accounting software is secure, to put it simply. Why? Because Xero securely stores and encrypts data using industry-standard data encryption. Physical security is also high on the servers where your data is stored.
The company’s reputation hinges on whether or not they can ensure that your data is adequately protected, just like any other cloud accounting software. As a result, maintaining the greatest level of security to protect its clients is in Xero’s best interests.
Another advantage of cloud accounting is that you can use the most recent and up-to-date versions of Xero. Xero is a subscription-based service rather than a product that can be downloaded from a disc or the internet. This means you’ll always have the most recent version as long as you’re a subscriber to the service. In contrast to a downloaded copy, which requires payment each time a new version is issued.
The days of physical copies and faxes are long gone. Xero facilitates communication between businesses and their bookkeeper, accountant, or financial advisor. Because Xero is cloud-based, real-time updates are possible. As a result, you and others can look at the same information from different locations at the same time.
You always have control over who has access to Xero and what they can do in Xero, so security is a factor here as well.
Xero offers three subscription tiers, allowing you to select the plan that best meets your needs and budget. You can start with the Starter package, but as your company develops and advances, you may need to upgrade to the Standard or Premium package. This provides you the power and flexibility to choose the service that best meets your needs.
Xero is developed with the user in mind and is compatible with both Windows and Mac operating systems. A key selling feature is the current user interface, and the way things are laid out and organized is efficient and ergonomic. While it may take some time to get used to, one of the reasons Xero accountant advisors like us exist is to help you learn how to make the most of it.
You may be wondering why, if Xero makes doing the books easy for a small to medium sized business you would also need to work with a Xero Account Advisor. What can we do for you that you can’t do yourself if it’s such a great product?
Xero is great for basic day to day bookkeeping, for recording invoices when they are paid, tracking expenses and making sure your employees when and if you have them get paid on time. As Xero accountant advisors we love working with business clients who make use of.
However, it’s still just a software. A useful one, but it just can’t do what an accountant can do.
One of the biggest worries many business owners have is ensuring that they are on the right side of HMRC. Few things can derail the running of a small business faster than a run in with the taxman.
So, many businesses do turn to a professional accountant to help them with their tax returns. However, as your Xero accountant advisor the Pearl Lemon Accountants team will be able to provide you with a lot more than that, including all the following:
We’ll free you up to focus on the business, which is where you’ll have the most impact. We’ll also allow you to spend more time with your family and friends, which is a fantastic benefit of making good business decisions.
Ready to learn more about how, as your Xero accountant advisor Pearl Lemon Accountant can help you?
Contact us today and let’s talk about it.
Pearl Lemon Accountants provides complete accounting services for thousands of UK & USA businesses and individuals. Our expert team handles tax planning, payroll, VAT compliance, and Troncmaster services beyond basic bookkeeping.
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Pearl Lemon Accountants
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London, United Kingdom WC2A 1EN
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