Like most entrepreneurs, it’s likely you started your business because you are passionate about your specialist area. You wanted to spend as much time as available building your business. You didn’t start your business because you enjoyed preparing VAT returns, chasing debtors or enjoyed the finer details of bookkeeping.
Do you dread the year end drama of pulling all the piles of paperwork together and fear the accountant telling you how much tax you need to pay?
If you dream a world without piles of invoices and manual data entry, there are a number of options out there for you. These will help
give you your valuable time back
give you a clearer picture of your finances everyday
reduce your quarter or year end stresses.
allow you more valuable time with your advisors
The first and most important one is Xero – I cannot recommend Xero enough. It is the leading bookkeeping software on the market and is changing the way bookkeeping is being prepared for both the business owners and their Accountants.
Xero the Hero
Xero is highly intuitive and has a massive library of help guides and videos. You don’t have to be tech lover to use Xero. Xero is intuitive and automated, making it easy for anyone to use.
One of the greatest benefits from Xero is the direct bank feeds. This allows all your bank transactions to be imported daily and the software learns where to code the transactions to in profit and loss. You don’t have to enter the lines manually. Timesaving magic!
Expenses on the Go
I would recommend combining this with Receipt Bank. Doing this means you won’t need to post any data into the software as it will be completely automated. All you need to do is review the data and approve it. Simple!
Receipt Bank allows you and your staff to scan receipts on the go via your phone or email and the software posts these invoices directly to Xero. Once the invoice is scanned you can recycle it. Easy!
You can manage the whole sales process effortlessly through Xero from quotes to payments. You can email invoices to clients inside Xero; set reminders and chaser emails for your slow payers; provide payment links for your customers to make payment easy; and brand your invoices.
An App for Retail Businesses
If you are running a retail business then apps like izettle are perfect. You use izettle as you would an EPOS system. It records all the sales & VAT and links straight back into Xero. izettle allows you download daily, weekly etc. reports and shows all the detail you would need to run a retail business.
Making Mileage Easy
Trip catcher app uses your phone to record your mileage and will export the information back to Xero daily.
The beauty of Xero is it allows you to bolt on apps around it to fit any business needs.
There are so many apps available there’s sure to be the right combination for your business.
If you’d like to talk about using apps to streamline your bookkeeping, please get in touch for a chat.
t. 01483 533119
Please note: This is not meant to constitute professional advice. It is generic advice only –please seek specific advice for your circumstances.