It’s a brand spanking new financial year – the perfect time to review and reignite your business systems.
Founder & CEO of Minnik Integrated Financial Solutions, Leah Oliver talks about Xero, the accounting system she recommends small to medium size businesses invest in.
Here Leah answers the top ten questions businesses ask when looking to convert or begin with Xero.
1. What is Xero?
Xero is a cloud-based online software program that users can access from any device with an internet connection. Online accounting means business owners stay connected to their data and their accountants. It’s scalable, cost effective and easy to use.
2. Why cloud over traditional accounting systems?
In the cloud, there’s no need to install and run applications over a desktop computer. Users can access the data anytime, anywhere – including sharing access with your external financial team.
3. The key benefits of using Xero?
The benefits of using Xero are endless, but most importantly businesses embracing Xero will significantly reduce the time they spend on admin and bookkeeping so they have more time to focus on growing their business, whilst producing accurate, reliable financials – and thereby making better business decisions.
4. What outlay is there to install Xero?
Xero offers a 30 day free trial period, thereafter you pay for the software by monthly subscription.
5. How much will I pay to ensure we always have the latest version?
Because Xero updates are via the cloud, you don’t need to worry about installing the latest version – you’ll get access to new features instantly.
6. Does Xero integrate with other accounting apps?
The software can integrate with a whole ecosystem of add-ons. There are currently over 500 apps; from inventory, to time management, to e-commerce and more available for Xero customers. Whatever your business needs, there is sure to be an appropriate app to suit you.
7. How quickly does the system accept and update our information?
Your input data is processed and available immediately for you and other users to access and use. You have a clear overview of your current financial position, in real-time.
8. How secure is the cloud?
No one has access to your organisation’s data unless you invite them. Xero provides two-step authentication to protect your account. Access to your account requires your password plus a unique code generated by an app on your smartphone. Xero doesn’t share your personal or financial information unless you give them permission.
9. Will Xero suit my business?
Xero is the perfect accounting system for all types of business. When integrated with a suite of relevant apps it can successfully adopt to the needs of e-commerce businesses, retailers, hospitality, creatives and more. With over one million subscribers, the numbers speak for themselves!
10. What do we need to get started?
The beauty of this software is the flexibility it gives you to run your business from work, home, or on the go. Users simply log-in to the cloud system from any device with an internet connection – there’s no need to install a thing.
With Xero you can be confident that you have an up-to-date picture of how your business is performing, no matter where you are. If you are not currently using Xero, now is the time to make the conversion. Don’t let another year go by without Xero, Beautiful Accounting Software.
Leah Oliver and the team at Minnik Integrated Financial Solutions are passionate about assisting you and your family to achieve financial security and freedom – contact them for a chat about how Xero can help you and the performance of your business!