Xero Accounting support for Leicestershire Businesses
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Xero Accounting support
We support a number of businesses who use Xero to manage their bookkeeping and accountancy needs. This can be by fully managing their bookkeeping, checking client postings or a hybrid of the two. Whatever option clients pick, we are always on hand to help and check whenever needed. The beauty of systems like Xero is that we can help at any time in any place, whatever the question may be.
What is Xero Accounting Software?
Xero is a cloud-based accounting software used by millions of businesses worldwide. Like Quickbooks, FreeAgent, Sage and others, the big advantage of these systems is that they are available at any place and at any time and can be used by multiple users at the same time. This means that you can even raise a sales invoice in the bath on a Sunday night. By linking with payment services such as Stripe and Paypal, the money for this invoice could be in your bank before you come into work on Monday morning!
What we do with Xero
Once the bank feed is in place and the transactions are automatically coming through to Xero, we will set up bank rules for regular transactions. This means there is no need to manually enter these regular transactions (even if the amounts are different) again saving time and avoiding the risk of misposting.
Some clients prefer to do their own bookkeeping. Where this is the case, we will ensure the client is given thorough training and again are on hand at any time to help with any queries. We also prepare a bank of videos for those frequently asked questions to quickly and easily show how to deal with these queries.
We also use a range of other systems and apps to help clients save time and to make sure their accounting records are as good as they can be. These include our receipts and invoices processing software which allows clients to send their invoices directly to Xero via either email or by simply taking a photo on an app. With this both us and clients are able to drill directly into a transaction from a bank receipt/ payment right down to the source document. The days of calling clients to ask “do you remember what you spend £999.99 6 months ago” are long gone. We regularly send a list of any missing invoices so clients can answer these whilst they are fresh in their minds rather than months in the past.
Depending on the level of service clients opt for, we will look at their bookkeeping either every week or every month meaning we are always on the ball with clients businesses. This means when either you or us run reports, these are accurate and up to date – a huge advantage to any business owner.
We also take the time to regularly review these accounts to see how our clients are performing and to step in and discuss and issues when they arise rather than in months/ years time where they have become a huge issue.
Who we help
The majority of our clients are based locally in Melton Mowbray, Syston and the surrounding area, however with cloud based accounting systems we are able to help our clients wherever they are located. We have clients located as far away as Wiltshire and Cheshire and these locations make no difference to how we are able to help. We help businesses on Xero with turnovers from £30,000 per year to almost £5 million per year and from 100 transactions per year to thousands of transactions. With Xero there are no limits on how big or small your business is or the number of users who want to use it. With easy to handle settings you are able to control who in your business has access to what.
READY TO CHAT?
You can contact us via:
Pera Business Park
Nottingham Road
Melton Mowbray
LE13 0PB
WHO DO WE HELP?
Paul Battison approached us to become his accountant in 2020 ahead of setting up his new estate agency business. From speaking to Paul we knew his business would be a success from the outset so we considered the best structure for his business and how we could help.
We set up Paul on Xero accountancy software and provided the training so we could raise his invoices straight away. We then maintain his bookkeeping each month allowing us to prepare his VAT returns and tax returns quickly and efficiently. We also review his accounts regularly throughout the year so are able to consider any tax planning ideas or to query where things may not look right. Paul’s business continues to thrive with his SOLD signs seen throughout the local area.
Speed up your accounting!
We are here in Leicestershire and beyond:
Whilst the majority of our clients are located within 10 miles of us, we do help clients in a range of locations including:
- Leicester
- Loughborough
- Oakham
- Nottinghamshire
Common mistakes we stop
Whilst we try to reduce client errors in Xero by giving outstanding training and support from the outset, there are still many common errors we see. These include:
- Messy charts of accounts with accounts incorrectly categorised,
- Postings to the wrong accounts, for example wages and taxes which are commonly mis-posted,
- Incorrect VAT treatment of invoices, such as VAT reclaimed on insurances in error,
- Numerous unreconciled bank items which give a false perspective of the business performance.
WHY CHOOSE LYFE ACCOUNTANTS FOR XERO?
We love seeing business grow and become successful. Since starting in 2007, we have supported many local and national businesses for their accountancy and business needs. Over time, with advances in accountancy software, we have been able to change the emphasis of our work from just completing the statutory accounts and tax returns to building a business which offers holistic business support guiding businesses from preparing regular management accounts to cash flow forecasts and full financial action plans.
By using the latest technology, and keeping a keen eye on the market for new software which will make our clients job easier, we are able to help our clients meet any challenges they come across, our clients are prepared for any taxes and changes in legislation, and we are on hand throughout their business journey, helping clients grow, thrive and achieve their goals, whether financial or non-financial.
We would love to help your business too.
Get the best personal service in Leicestershire
Xero setup
Save time
Clean accounts
Business performance
FREQUENTLY ASKED QUESTIONS
Absolutely! We will help you whatever point you are at, especially if you are starting out to help you get everything correct and in place from the outset.
Yes – we have accountant only tools to help quickly tidy up and errors that may be in place and will let you know to help you post these correctly in the future.
Of course. We are always on hand to help with any questions you may have. Whether you are completely new to Xero and require full training (we always split this over several manageable sessions so as not to overload you with information) or just need help or tips as you go along, we are always available to help. We have also created a portfolio of videos for those frequently asked questions.
Yes, this is one of the huge advantages of cloud based accounting systems. We will help you link this, refresh this link when needed and let you know if there is any need for you to refresh this.
Yes – in most cases we prepare the VAT returns and payroll for our clients.
100%. We are able to transfer your data from Quickbooks, Sage and others into Xero mapping your current settings and even up to 2 years transactions at our own expense.
Yes -we are always on hand to answer any questions and Xero have a responsive support team for any technical queries.
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