Xero Accounting explained

Xero accounting is a Cloud Accounting solution that has transformed the way that business owners manage their accounts. With Xero’s online accounting software, you can manage your business’ accounts from any device, anywhere, provided you are connected to the internet.

Converting your traditional accounting methods to online accounting solutions will open a world of opportunities for your business, whilst at the same time allowing you to increase efficiency and free up more time to focus on other aspects of your business.

Where do we come in? MMS’ accountants are Xero certified and are therefore available to remotely assist business owners with their bookkeeping and accounting requirements. Letting us take care of your accounting requirements will allow you more time to focus on developing your business.

Xero also allows you to collaborate online with your entire team. You can give staff members access to certain areas, and you can invite your accountant or bookkeeper to collaborate with your business in real-time – ensuring that your accounts are compliant and up to date.

At MMS Group, our accountants are Xero certified and can therefore remotely assist you in managing your business’ accounts. We charge a fixed monthly fee and in turn clients can expect the following accounting solutions:

  • Our accountants will, objectively, evaluate your business’ processes, control systems and deliverables to ensure that your accounts are IFRS compliant
  • We will assist with the full integration of your business’ Xero software
  • From us, you can expect dedicated accounting services from a Xero certified advisor at MMS
  • We offer support with payroll and compliance requirements to ensure that you meet new regulations
  • Complete management of your business’ bookkeeping requirements and tax returns
  • Assistance with any VAT and year-end submissions and requirements

Why we recommend Xero Accounting

Making use of Xero’s advanced Cloud Accounting software offers several advantages to your as business owner. Some of the advantages, and reasons that we at MMS also recommend Xero, include:

  • Do your accounts faster
With Xero, everything is automated, which means that all those accounting tasks that used to take up all your time can be completed in a fraction of the time. Some of the automated services included are sending invoice reminders, importing bank transactions, and so much more.

  • Personalise your software to meet your needs
Xero’s software is extensive and can be adapted to suit your business’ unique accounting needs. With products like Xero Payroll and Xero Projects, you can integrate all your business’ financial information for improved accuracy and productivity.

  • Feel confident about your numbers
By utilising Xero’s Cloud Accounting software, all your numbers will be in one place, which means that you will be able to keep track of your business’ progress more effectively. Your accountant or bookkeeper can also keep track of your accounts remotely, so not only will your accounts be kept up to date but also compliant.

  • Manage your accounts from anywhere
One of the biggest advantages of switching to Cloud Accounting is the freedom it offers. With this Cloud Accounting software, you have access to your business’ accounts from anywhere – provided you are connected to the internet.

Xero offers specific tools and software solutions for different types of business, in different industries. So, whether you are looking for a Xero accounting solution for your retail store, your construction company, or your Non-Profit Organisation, they have a suitable accounting solution for you.

Our Xero Accounting association

Our accounting team is Xero certified, which means that they have undergone extensive training in Xero’s software and can readily assist your business in managing your books and accounts – no matter your industry.

Choosing the right accounting solution is important to ensure your business’ success. Choosing the right accountant is just as important. A good accountant will help set up your accounts, your payroll and your accounting systems correctly, to ensure that your accounts are accurate and compliant – saving you time, effort and money in the long run.

Besides ensuring that your accounts are up to date and fully compliant, a good accountant will also:

  • Provide valuable business advice
  • Keep track of your business’ cash flow
  • Help you to prepare your business’ annual accounts
  • Offer professional tax advice and guidance

From MMS’ team, you can always expect advisors who are willing to go the extra mile. Helping your business to succeed is our priority. Contact us to discuss your requirements or to find out more.

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