5 benefits of using Xero for accounting

As the owner of a small business or start-up, accounting and bookkeeping can be a big headache to keep on top of, especially if you don't have any prior experience. But technology is here to make our lives easier, and in this case, cloud accounting software from ?Xero could be just what you need.Small businesses, just like yours, all over the world are finding out first hand the benefits that Xero can bring to their business.?Like never before businesses are empowered to make decisions and plan for growth with numbers they don't need to wait months for or spend thousands to prepare. ?Here are just a few of the benefits this smart cloud accounting software can deliver to your startup or small business.

1. Accounting tasks are automated

With Xero, bank transactions are synced from your bank account,accounting and bookkeeping automation. You don't have to deal with creating spreadsheets manually and remembering to enter all your important data on a daily basis. Reports, invoices, back-ups and more are created automatically.

2. Cloud Accounting brings convenience

In a similar vein to the first point, Xero offers convenience. With all your bookkeeping in the cloud, you can easily access it any time and from anywhere, so you don't have to be in your office or contact your accountant to see vital reports.

3. Bank Grade Security

As a world leading provider of online accounting software, you can trust that Xero utilises world-class cloud security. Your data is safely stored in the cloud, and protected from both virtual (e.g. cyber criminals) and physical (e.g. floods) threats.

4. Scalability

You get?an accounting solution that's utilised by a vast range of users, from small cafes to large enterprises. This kind of scalability is essential if you plan on growing your business. Xero?will expand with your business thanks to over 400 add-ons, and when your ready to jump to enterprise grade accounting software, ?your accounting data can be imported without too many hassles.

5. Affordability

As Xero is offered on a Software as a Service (SaaS) basis, you sign up for a monthly subscription to use their services. There are no hidden charges, so the cost of using Xero is easy to predict. Plus, you don't need to worry about paying for things like server maintenance, upgrades, administration and specially trained staff when it comes to your accounting.Are you ready to enjoy the benefits that Xero can bring to your small business or start-up? Then get in touch with CFOPartners today. We're here to help your company grow and give you more time to focus on what you do best!