Running a business without a good grasp on the financials is like driving a car at night without the lights on. Eventually, you will crash and when you do it’s going to be expensive.
Getting a good grasp of the financials is essential if you want to steer your business in the right direction. There are 4 steps to do this:
- Remove the fear of the numbers – many owners don’t want to look because they are either afraid to know the reality or don’t understand the numbers. We help every client to understand their numbers by being available at any time to talk through the numbers and by not using Jargon.
- Get the right bookkeeping package for your business – Xero is our preferred package because it puts the user first and focuses on efficiency. The old school desktop-based packages focus too much on what the accountants want and not enough on the customer. Xero is different. To see if Xero is right for your business we run FREE demonstration to help you decide.
- Keeping it up to date – bookkeeping is part of the work that you need to do or get done when running your business, the best most efficient businesses are up to date with their bookkeeping and credit control.
- Review the finances regularly – take time to review the finances regularly, meet with your accountant regularly and keep an eye on things, this way you can spot when things might be going wrong.
Ways Xero helps an efficient business:
We believe Xero is 50% quicker than any other bookkeeping package on the market and here’s why:
- The interface is intuitive, modern and easy to navigate
- Bank rules allow you to reconcile items automatically
- You can copy almost everything – journals, invoices etc saving you time
- You can email directly into Xero – so send in your invoices into your bookkeeping package and use it for filing.
- You can run reports in seconds – giving you up to date financials quickly
What’s more, Xero is online, accessible, available 24/7 and easy to use.
We have converted 100’s of businesses onto Xero and now what we have seen is business owners now logging on and taking a look at their finances rather than leaving it to us.
If you are interested in learning more why we believe Xero is the uk #1 bookkeeping package please contact us.