Xero Bookkeeping: Giving New Dimensions to the Bookkeeping Methods

When we talk about bookkeeping an image of various bookkeeping files appears in front of our eyes with a bookkeeper making entries of the transactions and making calculations to access the profitability of the Business. This, however was the scene of almost two decades back, because in the last decade or so computers took over this job.

Interestingly, in today’s scenario, both these methods of bookkeeping is used by people of orthodox school. Today with the intensive entrance of internet in our day-to-day activities, bookkeeping has undergone wide changes and we have a lot more online options available today. Today’s online bookkeeping software’s are much more user friendly as well as more easily accessible as they can be accessed from any computer as long you have internet connection.

Xero Bookkeeping Software is one of those online accounting software’s available these days that has changed the way bookkeeping is done in today’s Businesses.

What is “Xero Bookkeeping”?

In simple words Xero Bookkeeping may be defined as an online accounting process which allows the storing of the bookkeeping data on the web server rather than on the computer itself, which can be accessed by the authorised persons from any computer in the world as long as they have access to the internet.

Benefits of Using Xero Bookkeeping Software.

  • As the data is web-based it can be accessed by the business owner at any time. It is also very user friendly,
  • Being web-based it can be accessed by everyone without any back up of the accounting software. So there is only one Bookkeeping Platform,
  • With the connectivity Xero Software offers, it can be linked with many other software’s and some of the Bookkeeping jobs can be Automated which keeps Business Bookkeeping up to date,
  • The Financial Statements in Xero can be customised according to the business’s needs, this feature makes it easier for everyone to understand the financial reports even without the accounting knowledge,
  • Your Bank can be linked with the Xero Software thru Bank Feeds, so that your transactions are imported into the software automatically which makes Bookkeeping much easier and less time consuming,
  • The accounting software used in the past were not secure and therefore it was the targeted by the hackers. But Xero protects the accounts of business group from intruders.
  • Your Bookkeeping data is secure as the data is in the cloud with the Servers in multiple locations, so the data is highly secure.

The above mentioned benefits are only some of the many-many benefits of the Xero Bookkeeping, So get in touch with us today to get these benefits in your business.

SB Bookkeeping Services Pty Ltd

Cloud Bookkeeping Specialists