Having received an email from Xero inviting me to attend a
free roadshow in Brighton that was promoting their software, I decided to go
along. With a few of our clients already using Xero as their accounting
software and hearing good reviews about it, I wanted to know more about what
they can offer.
Xero are a cloud only based software, and other bookkeeping
software seems to be moving away from the desktop platforms and onto the cloud,
which clients are finding useful being able to access their accounts on the go,
via their laptops, tablets or even mobiles, rather than being in front of the
computer that the software is installed on.
Although the cost is ongoing with a monthly subscription for
the cloud software, rather than a one-off fee for desktop software, clients are
finding this to be worth the cost of having the flexibility and ease of use. It
also allows us as your accountant to have a look at your accounts on a "live”
basis, rather than send us a back up. We can therefore help you throughout the
year quite easily and iron out any problems as you go along rather than find
any at the year end, as we can log in and look at the data easily.
With several clients currently using QuickBooks Online (as
well as other cloud based software), I was interested to see what Xero had to
offer, as the cost between them is much the same. Xero are certainly a forward
thinking company and always bringing out updates to help and improve their
software, with the new additions such as Payroll, Quotes, Stock Control and
"Find and Reconcile” added in the last couple of months. They also have third
party companies who provide add-ons to the software, which if you have a
specific area or tool you want to include within your accounts, these can be
added into the software.
One major query was whether the software can do Fund
Accounting, which is very important to a lot of our charity clients. Xero offer
"Tracking” which does exactly the same as what the "Classes” do within
QuickBooks, so any Charity wanting to use Xero, it can provide the requirements
of the fund tracking you need.
Overall I believe Xero is a very good product, and certainly
something we would offer to our clients alongside QuickBooks. At the end of the
day, our client’s needs are what’s important to us, so if you would prefer one
over the other, we would be happy to help get you started and provide the
support you need. We have a good team here at Caladine which like to keep on
top of the latest software and products available, so if you would like to know
more about Xero or QuickBooks or any other accounting product, please get in
touch and we can see what is the best available for you.
Accounts, IT and Payroll Manager