The Benefits of Xero’s Cloud Accounting

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24 January 2020 Xero Accountants

There are many benefits of cloud accounting with Xero, which is why businesses are increasingly choosing to use it over traditional accounting software. We take a look at the problems with traditional accounting software and why Xero’s cloud accounting feature is the perfect solution for account preparation and management.

Accounting software shouldn’t be a chore to use

Small business accounting software that’s not available via the cloud can be tedious. Traditionally, it can suck up far too much of your business’s time and effort. This doesn’t add value and takes the fun out of being in business. On the other hand, cloud software can save your company time and money. At Sidaways charted accountants, we are big advocates of Xero accounting software for this very reason. Continue reading to learn how the implementation of Xero accounting software could improve your cash flow management and business’s functioning.

Problems with traditional accounting software

The data in the system isn’t up to date and neither is the software.
It only works on one computer. This means it’s only accessible by one person at any time.
It’s costly and complicated to keep backups (if this is done at all).
It’s expensive, difficult and time-consuming to upgrade the software.
Customer support is expensive and slow.

Why the cloud and accounting software are the perfect match

You can use cloud-based software from any device with an internet connection. Online accounting with Xero means small business owners stay connected to their data and their accountants. The software can integrate with a whole ecosystem of add-ons. It’s scalable, cost-effective and easy to use.

In Xero’s cloud, there’s no need to install and run applications over a desktop computer. Instead, you pay for the software by monthly subscription.

Five ways cloud accounting with Xero software benefits your business

You have a clear overview of your current financial position, in real-time.
Multi-user access makes it easy to collaborate online with your team and advisors.
Automatic updates mean you can spend more time doing what you love.
Everything is run online, so there’s nothing to install and everything is backed up automatically. Updates are free and instantly available.
Upfront business costs are reduced: version upgrades, maintenance, system administration costs and server failures are no longer issues. Instead, they are managed by the cloud service provider.

Work smarter with accessible data in the cloud

The beauty of this software is the flexibility it gives you to run your business from work, home, or on the go. You can be confident that you have an up-to-date picture of how your business is doing, no matter where you are.

Software updates can be developed and delivered faster and more easily in the cloud. This means you don’t need to worry about installing the latest version and you’ll get access to new features instantly. With cloud accounting software, you have the option to run your business remotely, from anywhere in the world. And, when data is fluid and accessible, the possibilities are endless. If you’re new to cloud accounting with Xero, then there’s no need to be intimidated. We are experts Xero accountants and include set-up on this platform in all of our accounting service packages.

We hope this overview of the benefits of cloud accounting has been useful. If you have any questions at all, please don’t hesitate to get in touch. If you’d like to learn more about what Xero accounting software can do for your business, click here to read this article.

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Dan Routcliffe

Email: dan@sidaways.co.uk

Tel: 01392 360008

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