As a business owner it’s easy to become overwhelmed with all the administrative tasks you need to manage. As your small business grows the volume of transactions can make it difficult to be entirely sure of the financial position of the business at any one time.

This is why having an effective accounting system is such a good idea. Once the system is in place you will be able to track costs and profits so that you can have a clear idea of your business performance. It will also make it easier to submit figures to your accountant and therefore file accurate returns on time as required.

Luckily, there are some very easy to use and well-designed software applications available. Some accounting packages are downloaded but these days it’s becoming more common for applications to run in the cloud, which means you can access them through a web browser or app on almost any device, including on your phone while on the go.

Here we’ll discuss one of the most popular accountancy software solutions our clients use, Xero.

Xero is a cloud-based accounting platform which originated in New Zealand and has since spread globally. It is one of the most popular systems in the UK for small businesses. Horn & Co. Accountants are both Xero Certified Advisers and Xero Bronze Partners meaning that we have the expertise to assist you with any queries when using the software.

 

Pros:

  • Easy to use interface
  • Wide selection of apps available which integrate
  • Feeds with most major banks
  • Excellent online support
  • Cloud-based which enables you to access the system from anywhere
  • Multiple users can access the information at the same time

 

Cons:

  • Lacks direct phone support

Contact us today on 02392 005124 for more information or to arrange a meeting to discuss your requirements. If Xero isn’t suitable for you we also work with a range of other software providers so you can be sure you’re getting the right fit for your business.