xero accounting software for creatives

Xero Online Accounting Services

Contact us for more details about our Xero and online computerised accountancy services in East Sussex.

Online Xero Accountants

Here at Elite Business Accounting, we are certified Xero Partners, which means we are experts in using Xero accounting software for our clients’ businesses.

As a Xero silver partner, our accountants know the technology inside out and can help you with the set-up and migration of your data and processes.

First, though, let’s Xero in on the benefits and flexibility the software can offer your small business.

xero accounting specialists

What is Xero?

Xero is online, cloud-based small business accounting software with tools for managing invoicing, bank reconciliation, inventory, purchasing, expenses, bookkeeping and more.

This accurate and speedy tool can be customised to your needs, helping you manage your finances and run your business with confidence.

Why choose Xero accounting software?

How many times have you needed access to your accounts to check a detail but had limited access to information due to being out and about with a client or supplier? How often have you estimated a figure because it was easier than digging it out yourself or requesting it from an employee or business partner?

Enjoy online access from anywhere with Xero

When you transfer to Xero, you can access your financial data instantly from anywhere around the globe. All you need is an internet connection.

Better still, you can access your accounts via your mobile, laptop or tablet – making for a better system all round.

This will not only make you less reliant on manual processes and the traditional spreadsheet or paper trail, but will boost your environmental credentials too. In the past, office storage has been limited by space. Cloud-based storage, however, means there’s no need for large filing cabinets – your storage can simply grow with you.

The benefits of choosing a Cloud-based solution such as Xero are fully explored in our blog. Why not take a look: 6 Ways Cloud Computing is Changing the Way We Do Business.

Making tax digital - coming in 2024

Many small businesses have transitioned to packages like Xero because of the UK government’s plan for making tax digital by 6 April 2024.

Using Xero accounting software will enable you to submit VAT returns directly to HMRC. Plus, with our Xero accountants on hand, you’ll be automatically updated of any changes or new legal requirements in terms of your financial reporting.

Longer-term, it’s a system that will ensure you are fully prepared for the digitisation of tax.

Xero Accountant East Sussex

What does Xero do?

Xero has a vast number of features designed to make running your business easier.

For example, you can:

  • Pay your bills – use Xero to track and pay invoices and keep tabs on who you owe money to
  • File VAT returns – calculate, prepare and file VAT returns securely with HMRC via Xero
  • Claim expenses – capture costs, submit, approve and reimburse claims and view spending
  • Facilitate bank connections – connect your bank to Xero and set up bank feeds allowing transactions to flow in overnight
  • Accept payments – accept online invoice payments and get paid faster by connecting to a payment app
  • Track projects – quote, invoice and get paid for jobs and keep track of time, costs and project profitability in Xero
  • Run your payroll – pay your employees with HMRC-recognised software
  • Reconcile your business bank accounts – keep financials up to date and categorise your bank transactions
  • Run regular reports – track your finances and understand the bigger picture with accurate monthly accounting reports.

From improving business cash flow to understanding your tax liabilities or chasing your unpaid invoices, Xero has the potential to add value to your small business every step of the way.

In practice, it can help you save time and money.

How easy is Xero to use?

Xero is incredibly intuitive and uses machine learning to make your bookkeeping tasks quicker and easier. Plus, having it at your fingertips online from anywhere, 24/7, means you learn quickly too. It won’t take long before Xero becomes an integral extension of your small business enterprise.

How much does Xero cost per month?

Xero accounting software currently costs £24 + VAT per month (depending on your requirements) with a 30-day free trial available. When you’re ready to sign up to use Xero, let us know, and we will handle the whole migration process for you.

How does Xero keep information secure?

At the touch of a button you can sit back and watch as your sensitive information floats off into the ether. So how do you know that Xero is keeping it secure?

The great thing about this online accounting software is that no one has access to your company’s data unless you invite them to join your account. Therefore you have complete control over what other users can and can’t see.

Plus, Xero runs daily online backups of all your business information and encrypts and stores it in several different locations online. This makes Xero a safe and secure system that is available as and when you need it the most.

Xero accounting for your creative business

Xero accounting doesn’t mean you’re on your own, though – far from it. The online platform enables your Xero accountant to create reports and delve deeper into your figures to help you optimise your business and grow.

If you’d like to talk to a Xero accountant about how it can help you run your business more efficiently, please get in touch.

How can Elite help you to run your Xero accounts?

Elite Business Accounting has extensive Xero software experience and is an expert in helping you get the most from it. Our accountants can also advise you on which apps integrate with it. We can look at the tasks that are sapping your time, assess what data you need better visibility of and ensure we shape a solution that works for you. It’s a step that will save you money and time long term and help you (and your team) manage your finances with ease.

Professional accountants for small businesses

Many of our clients manage small businesses in the creative industry. Our accountants have lots of experience supporting our clients in adapting to Xero and using the software to optimise their processes and daily tasks.

Whether you’re operating as a sole trader, a partnership or a limited company, Xero can certainly streamline your bookkeeping.

Contact us today

Our Xero accountants are on hand to answer your questions and help you make the digital leap.

Ready to find out more? Give us a call or request a callback today.

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