Xero is brilliant – but only if you use it well.
And what holds back too many Xero users is that no one has ever shown them how to use it properly.
Six common missteps Xero users make
They don’t:
- keep Xero up to date
- organise the most efficient workflows to make Xero easier to use
- understand well enough the financial information available
- do the bookkeeping correctly – particularly e-commerce
- check that Xero is correct e.g. by doing proper bank reconciliations
- get the VAT right
This can be true of both business owners using Xero for themselves and also true of bookkeepers and accounts who should know better!
So what if my Xero is wrong?
Businesses and organisations use bookkeeping software to measure and improve financial performance.
Yes, there are some other benefits, particularly around compliance, such as VAT returns, year-end accounts and tax returns. But these are second-order benefits and come a long way behind having accurate financial information at your finger tips.
So, what can go wrong if your Xero is wrong?
Amongst other things, how about these:
- Poor and late decisions based on out of date numbers
- Worsening cashflow
- Missed opportunities to make higher profits
- Stress!
And if you don’t want these and other issues impacting adversely on your business then why not invest in Xero training to help put you on the right track?
I was anxious about using the cloud based Xero and its many automated functions.
Michael’s straightforward, practical and tailor made approach was perfect for me and our business. With clear explanation and reasoning he was ready to answer any of my questions with calm reassurance at all times.
Thank you Michael.
Invest in Xero training – invest in a better business
Our Xero training usually takes place in half-day sessions ideally at your business but our office can also be the venue.
We take some time to understand your business and how it works before taking a detailed look with you at how your bookkeeping is taking place and how it can be improved.
We look at:
- Sales invoices and credit control
- Entering and paying suppliers’ bills
- Clearing the bank feed and agreeing Xero to your bank statements
- Creating and using helpful financial reports
- Accounting for other business processes, such as expense claims and payroll
It can get very intensive, which is why our training sessions are in half-day blocks.
But we also work with you if you need some further ad hoc support – we’re happy to run short sessions on Teams / Zoom to help you get the best from Xero.
Sounds useful? – To find out more about our Xero training and how it can help your business call Michael Austin on 020 7125 0270 or email info@bluedotconsulting.co.uk
Michael
Related links:
Xero training for your business
Video – create a useful Chart of Accounts in Xero
Blue Dot Consulting Limited, Chartered Accountants – Bedford House, Fulham Green, London, SW6 3JW