XERO and the Growth Of Small Business Cloud Bookkeeping Services

XERO Bookkeeping Services Sydney

“Outsourcing to a bookkeeping services provider means you get someone who is always looking after this aspect of your business so that you can focus on others,” Irena said.

And a Xero-certified bookkeeper serves as an advisor for that aspect of a business and that means that small businesses effectively have a “champion” to help push them forward in success.

 

Xero launched a new campaign on social media and television in early 2017 aimed at small business with the tagline “add an advisor and watch the zeroes grow”. The message promoted the strategy that a Xero-qualified bookkeeper or accountant was a “must-have” for small business.

On the advertising industry website Campaign Brief, Xero Managing Director Trent Innes explained the strategy with the stark figure that just over half small businesses survive after five years. However, small businesses that use Xero had an 88 per cent rate of survival on a five-year journey.

“We believe one of the key reasons for that is 92 per cent of small businesses on Xero have an advisor,” Mr Innes told Campaign Brief.

REFER TO http://www.campaignbrief.com/2017/03/xero-shows-how-small-business.html

In another move to understand the psychology of small business owners, Xero commissioned a special survey with the findings released in January 2017.

The company surveyed 340 small business owners across Australia and New Zealand and found more than wanted to to be their own boss as one of the top reasons for starting their own business. And almost half wanted a better lifestyle and saw starting a small business as a way to achieve this dream. [LINK https://www.xero.com/blog/2016/12/the-opportunity-in-adversity/]

With these results in mind, Irena said her passion was to help small businesses thrive and using Xero was a savvy decision that would help them stay nimble and on top of their administration.

In particular, Xero is available as an app for mobile devices like iPhones and tablets, further providing ease of use and accessibility.

As more people adopt a mobile-first approach to daily tasks like banking, reading the news, emails and booking appointments, it stands to reason that the ability to complete business-related tasks and check on information is a drawcard – and that is where Xero is ideal for small business owners.

If you feel that you need expert help with your Xero Accounts. Please give Irenas Bookkeeping Services a Call today on (02) 9011 5337 

 

Bookkeeping Tips to Remember

Hiring an Expert Bookkeeper will:

Tips For Smoother Processing

  1. Keep your business/s, personal & investments transactions separate. If the need arises, transfer funds to one account to the other, to provide extra cash flow.
  2. Have separate Bank Accounts – one for each of your business & one for each of the investments & separate ones for your personal transactions.
  3. Have a separate credit card for your business. Remember to keep the receipts.
  4. Check your paperwork against your statements to make sure it’s all there. Write any additional information on the paperwork that you think we need to know. Attach everything to the relevant month’s statement.
  5. If any purchases are brought by you personally, use the expense claim form to reimburse yourselves back & place all relevant documentation behind the form for processing.
  6. Make sure you have tax invoices for everything you purchase so the GST component can be claimed. No invoice will mean the GST cannot be claimed, as this is an ATO Ruling.

Outsource Bookkeeping

The growing manner of doing business online has also brought forth the idea of outsourcing bookkeeping. Remember, this can be a cost-effective method as it can save time and, in turn, money. A company employing this method may hire a bookkeeper at least once a month in order to keep records up to date. Many small business owners say this allows them to widen their focus on other essential parts of the business, making managing more encompassing. This, in turn, can lead to faster growth for the business.

Here at Irena’s Bookkeeping and Financial Services, we are able to offer a tailor-made bookkeeping services plan.

Give us a call today to discuss and we can work out a cost-effective approach to your accounts.

We are Open on Saturdays and Sundays from 9am to 5pm. Call Us Now

Hi There, Our Bookkeeping Services are now open all Weekend! 1800 733 497

Amanda here, our Sydney Bookkeeping Services are now open all day Saturday and Sunday from 9am to 5pm.

My very hard working and experienced team can help you with all your Bookkeeping and BAS Services: