What is Xero accounting software?
As your business grows, you’ll find that handwritten notes and fallible spreadsheets no longer cut it. Cue Xero, an intuitive, cloud-based, mobile-friendly solution to keep your bookkeeping up-to-date.
Why choose Xero cloud accounting?
Xero was born back in 2006, and since then, it’s been growing from strength to strength. It is now one of the world’s leading providers of cloud accountancy software and, as of late 2022, it boasts 3 million subscribers.
Designed with small businesses in mind, the software allows you to manage your finances in real-time. From creating professional sales invoices, keeping track of who owes you money, recording your bills and helping you pay suppliers on time, Xero gives complete control of your finances. All you need is a mobile or laptop and an internet connection and you can access financial information with ease.
Having tried almost every other accountancy software, we seldom recommend any other cloud accounting software. When we recommend cloud accounting packages, it’s because we’ve tested them end-to-end and are happy to use them for our own finances.
That’s why we’re pleased to recommend Xero and have Xero Gold Partner Status.
As Xero Gold Partners, we’ve tried and tested the quickest and most efficient ways to use Xero. Our in-depth knowledge allows us to leverage the best of Xero, providing you with the assurance that your bookkeeping is in good order.
Our Xero Certified advisors provide a turn-key service, processing and managing Xero for you, routinely undertaking behind-the-scenes checks and balances. We use the most advanced technology, data extraction software and other Xero partner software to provide you with the best bespoke financial solution.
As well as taking on your bookkeeping for you, we’re happy to provide the training resources you need to get you up to speed. We can impart our Xero expertise and guide you on how to use Xero in a way that works best for your business.
Foundations are key, and a strong Xero implementation is just the same. Using an accountant with Gold Level Xero Accreditation, like Butt Miller, will help you set up the software in the best way possible for your business.
We’ll help you make the most of other integrated software and cash flow forecasting apps so that you get the most out of this revolutionary software. For example, we can automate the process of chasing clients for payment to minimise bad debts and maximise your cash flow. That’s what a gold partnership means.
Xero VAT return
Making Tax Digital is a key part of the government’s plans to make it easier for individuals and businesses to get their tax right and keep on top of their affairs. From 1st April 2022, MTD for VAT applied to all VAT-registered businesses.
Using integrated software, like Xero, allows you to maintain your business’s bookkeeping and then submit the necessary information directly to HMRC, without transferring via spreadsheets and bridging software.
Whether you’d like to prepare and submit VAT returns yourself, or you would prefer us to do so, Xero makes it simple. Using Butt Miller gives you the assurance of having a second set of Xero Gold Partner eyes across your finances, to spot errors sooner rather than later, and give you tips on how better leverage the accountancy software.
Xero Corporation Tax
For all limited companies, statutory accounts are required every year. These will be based on your Xero bookkeeping and ultimately lead to your Corporation Tax calculation. Our Gold Partner Status means we provide timely advice to ensure you’re using Xero in the best way possible, to keep compliance costs down and minimise your corporation tax bill.
Invoicing on Xero
If you choose for us to maintain your bookkeeping using Xero on your behalf, the one material area left with you will be to raise sales invoices. In our experience, it’s not just one accountant doing everything that gets results, but a collaborative approach. Whilst you could email us with the relevant information to raise sales invoices for you, why pay us to type that into Xero for you?
We prefer to show you how to do it yourself, quickly and efficiently, saving you money. We’ll take care of the rest.
Butt Miller are proud to be Xero gold-level partners
As an early adopter of Xero, Butt Miller now enjoys Xero Gold Partner status, so we are ideally placed to introduce it to your business. As Xero Champions we know the software inside out and can leverage it to design a system that works for you. To find out more about our Xero bookkeeping services, please get in touch today.