Let’s face it, most people don’t exactly find bookkeeping to be very fuun per se.
And if you still do your small business bookkeeping the old-fashioned way, we completely understand why!
Sorting through spreadsheets, collecting receipts, double-checking your expenses… all of this makes bookkeeping a huge time-sink.
Luckily for you, it doesn’t have to be this way anymore.
Thanks to technology, accounting and bookkeeping processes are easy. The secret? Cloud bookkeeping.
Thanks to Xero, bookkeeping software all over the world is trending towards:
- Easier collaboration
- Accessibility anytime and anywhere
- More affordable pricing
- Greater security
Since everything is hosted remotely on the cloud, you don’t need to install or save anything on your end. Instead, everything is hosted on Xero’s secure servers - all you need to see your figures is internet access.
Thanks to this, you can do bookkeeping anywhere - no need to run back to the office if you want to double-check any numbers.
On top of that, Xero also syncs with your production system, POS and bank accounts. Not only is accessing the numbers easy, but so is data entry - thanks to this automation, you won’t need to input anything!
Maximum Business Solutions provides much more than bookkeeping solutions - we also make your business Xero-ready, providing training that lets you use Xero’s large suite of features.
How Xero works
Before going to the nitty-gritty of Xero bookkeeping, Maximum Business Solutions first helps organisations set up their Xero account.
Luckily for you, the setup process is super straightforward - all you need is information about your organisation, payment details and where it does business. Xero automatically applies the Australian tax laws, sets everything to AUD and accounts for your timezone.
Once you’re more familiar with Xero, the next thing is to understand how Xero works.
This step of Xero training is customised for you - after all, not all businesses are going to make use of the same features. For example, if you’re not a GST-registered business, you won’t need to worry about setting up BAS (business activity statements).
Since we know all your tax obligations and other reporting requirements, we can help give you a run down of all the features your business needs.
Invoicing and bills
Thanks to Xero, tracking and creating invoices has never been this easy. Not only is creating them easy, but following up anding record the bills you’ve received from your suppliers is also a breeze.
Under the “accounts” tab, you can find all the tools you need to create invoices. From one-offs to repeating transactions, a Melbourne bookkeeper can help you wrap your head around the menus until using Xero is second nature.
One of the biggest draws of Xero is how it automatically syncs with your bank accounts, business credit cards and POS. Not only does this take half the work out of your bookkeeping, but it also means you’ll never have to worry about getting the numbers wrong again!
Need help figuring out how to link Xero to your other accounts? Get in touch with Maximum Business Solutions. As you can imagine, syncing these accounts up involves several security measures and verification steps - we’ll walk you through each.
In addition to helping you figure out how to use Xero’s payroll function, we’ll also help you figure out how much you should be paying your staff. That means figuring out exactly how much you need to pay for:
- Salary payments
- Superannuation requirements
One of the most time-consuming parts of bookkeeping is putting all the stats together into a simple, easy-to-read report for future reference.
Luckily for you, Xero does all of this for you!
As part of our Xero training, Maximum Business Solutions also helps you understand and interpret the automatically-generated Xero reports. We’ll tell you what each part of the report means, helping you develop a better understanding of your business.
Call Maximum Business Solutions today for Xero training in Melbourne
As an official Xero bookkeeper in Melbourne, Maximum Business Solutions is perfectly placed to provide Xero training for businesses in Melbourne.
In addition to comprehensive Xero training, we’re also an MYOB partner and a specialist small business bookkeeper too. Invoices, tax statements, account cleanups… we’re your one-stop shop for all things bookkeeping.
We ensure that you are fully equipped with the knowledge and skills of using cloud bookkeeping tools and solutions through Xero.