There are many Xero accountants in London but if you’re looking for people who can make Xero come alive and give your business the financial information it needs to help it grow profitably and make more money then you’ve come to the right place.
That’s where we start.
At the finish.
We’ll ask you what information will help you run your business more successfully and agree on the financial reports you’ll need from Xero in order to do just that.
Don’t be surprised if we add in a few ideas of our own that you may not have seen before.
Once we have a set of customised reports firmly in mind we can go to the beginning of the process and think about data entry.
It’s a way of looking at life through the wrong end of the telescope
Dr. Seuss
Most of the time spent using Xero is doing data entry and we’ll show you how to do everything you need to.
Where it’s sensible, because it saves time and improves accuracy, we’ll recommend apps to help with data entry.
Connecting Xero to your bank to download receipts and payments and credit card transactions is the first step and you’ve most likely got that working but let’s also consider:
It’s tempting to overdo the tech and be swamped with apps but this is an area where less is more.
The DNA of your bookkeeping is your Chart of Accounts (CoA). This is the list of account categories that you use to classify transactions. For example: sales, gross pay, rent, computer equipment.
You need the account categories that match what your business buys and sells.
It’s really important to think this through so you set up the accounts you need, and in a sensible order because this helps to make your reports more useful.
Also, your CoA will evolve over time so make sure you leave gaps in the structure to allow new accounts to fit in as and when required.
Too often we see businesses neglecting their chart of accounts and it’s a breath of fresh air when your CoA is just how you need it. The link below contains a short video on how to transform from where you are to where you ought to be.
Build a useful Xero chart of accounts
When we help businesses make better use of Xero this is the sort of thing they say about us:
As an experienced Sage user of over 30 years 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.
Company accountant
If what you’ve read is what you’re looking for then please get in touch and we can have a chat about your business and what you’d like to get out of Xero.
Call Michael Austin on 020 7125 0270, email info@bluedotconsulting.co.uk or pop in and see us at Bedford House, Fulham Green, London, SW6 3JW.
Michael
Related links:
Xero training for your business
Overhaul and rebuild your finance function
Chartered Accountants – Bedford House, Fulham Green, London, SW6 3JW
We don’t believe in forms, we believe in talking to people, finding out your needs and tailor-making a solution just for you.
Give us a ring on 020 7125 0270 or email us at info@bluedotconsulting.co.uk
“Michael and the Blue Dot team have been an essential part of our journey from startup through to being an established company, and we look forward to continuing working together long into the future. They have always been on hand to offer support and sound advice whenever it is needed.”
“Blue Dot have been our accountants and bookkeepers since the very beginning of our business, and have been nothing short of outstanding throughout.”
“Blue Dot Consulting went above and beyond in helping us navigate not only the transition to cloud-based accounting but also in leading our accounts team through a broader period of transformation.
Their deep understanding of our unique needs and challenges was evident from the outset. They provided unwavering support to our team, ensuring they felt confident and well-prepared for the changes ahead.”
“Thank you again for your help and training so far – it’s honestly been invaluable.”
“I’m no expert but it has been transformative the help and advice I get from Michael and his team.
Michael was fantastic. He quizzed me on how my business worked financially and was super patient with me. Explaining everything in a non-accountancy manner. He then showed me how to utilise all the less obvious tools in the program, which he continues to do, so that I can see immediately what monies held belonged to my company and what is held for clients. I now do my own VAT returns and payroll because of his help and continued support.”
“I really enjoy working with Blue Dot Consulting — they’ve helped me take control of our financial situation in a practical, no-nonsense way.
They take a common-sense approach and, most importantly, they get things done. For example, we now have weekly planning and forecasting calls, along with monthly cash flow reviews using simple, easy-to-understand spreadsheets.
Their support has made a huge difference in how we manage and plan for the future.”
“As the business owner, it can get lonely making all the decisions. I feel I have a ‘silent FD’ that I can call, challenge and that any idea is OK to discuss, and to arrive at a sensible way forward.”
“Having someone in the room that is happy to (in a structured way) challenge the norm and not simply accept that, because things look good, we should stop looking to improve.”
“Blue Dot are uncompromisingly systematic and thorough so that you can get on with running your business.”
“Outstanding service and support. They get things done, just what you need. Recommended.”
“It was the genuine level of care and interest in what we do as a business.
The regular check-ins and the effort to ensure the systems they’ve implemented are working for everyone stood out.
It felt like more than just a service, it was a partnership.”
“I’ve been delighted with both the service and expert advice I’ve received from Michael and his team. They take the weight off my shoulders when it comes to my business’s financial requirements, allowing me to focus on building and managing the company.”
“We are a small organisation with no in-house financial expertise, so it’s a huge weight off my mind knowing that I can rely on Michael and his team to take care of everything.”
“I can wholeheartedly and highly recommend Michael and his team at Blue Dot as an exceptional accounting firm. They put my mind at rest knowing I am in excellent hands.”
“Michael and the team are my saviours. Always helpful, approachable and reliable. They show an interest in my business and give excellent advice and recommendations. Above all, they are highly likeable and fun to work with.”
“They went above and beyond in helping us navigate not only the transition to cloud-based accounting but also in leading our accounts team through a broader period of transformation.”
“You guys are brilliant. It’s been a challenging few weeks facing up to the issues but I do feel positive towards them now and I feel a weight has lifted from my shoulders. I am honestly so thankful!”
“I was a little apprehensive about working with a new accountant but I didn’t need to worry – I have found their approach to be friendly, genuine and they go above & beyond to help.”
“Michael’s straightforward, practical and tailor-made approach was perfect for me and our business.”
“Blue Dot have been our accountants and bookkeepers since the very beginning of our business, and have been nothing short of outstanding throughout.”
