Why not lay back and let online accounting take the strain?

Aug 9, 2012

Croombs Chartered Accountants in Hampshire

With the summer holiday’s fast approaching, many small business owners face a dilemma.  How do they keep an eye on their business while they are away on holiday?

There are many online accounts systems out there that help small business owners understand their accounts to a much higher degree than they are used to.  We recommend a system called Xero (www.xero.com) to our clients as it is a very cost effective way of preparing your accounts.  Many of our clients love that they feel in control of their business.  They can really get a grip on their finances and understand which parts of the company are making money and which parts are not performing as they should.

The key thing about using a system such as Xero is that it saves an immense amount of time.  Instead of doing the “donkey work” of posting transactions one by one you can import transactions in batches, thus freeing you to do the more important things in your business such as understanding how it is performing and actually selling your products!

Online systems really come into their own when you are on the move or even on holiday!  If you need to know how your business is doing while you are away all you need is an internet connection to see the figures.  Alternatively if you are out visiting a customer and you know they owe you money but aren’t sure how much you can use your phone to log in to find out!  In addition if they want to order more goods you can prepare an invoice there and then and email it to them to be paid!  There is no longer any need to wait to get back to the office to do it and then forget because you get caught up with other things!

If you would like to see how we could help you implement a new accounts system to help you understand your business accounts better please feel free to contact us.  All initial meetings are free of charge and of course at no obligation to you.

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