No, you can’t do accounts with one press of a button

As the 2021/22 tax year winds down, now is the perfect time for us to correct a myth about cloud accounting. 

At AssureTax, we love Xero and cloud accounting in general because it makes bookkeeping and accounting more accessible to everyone.

And, yes, it does make your life, and our lives, a lot easier by having such an openly collaborative approach towards your accounts.

But it can only work with the information you give it – and it certainly can’t replace the experience and expertise of qualified accountants like us.

Your role with cloud accounting

Like many things in life, the more you put into something, the more you can expect to get out of it and cloud accounting is no different.

With platforms like Xero, you have so many add-on options to choose from that give you almost endless possibilities.

Before you get to that stage, however, you need to embrace cloud accounting and it’s wise to seek apps that can scan your documents.

In our experience, Dext is one of the best options to streamline and improve the way to manage your records. It integrates with Xero, too.

Then it’s usually a case of getting into the habit of using your smartphone to photograph any invoices or expenses via the software.

Our role with cloud accounting

We can run you through your cloud accounting options, help you choose the right option, set it up for you, and show you how to use the dashboard.

Whether it’s uploading months of books onto Xero, cleansing your data or recommending tailored add-ons, AssureTax will take care of that.

Then, when you’re up and running, our collaboration gets taken to another level as we work together to get your tax returns done.

Every time you upload any income or expenditure, we will factor that into any tax calculations they might apply to.

That means your tax deadlines won’t be left to the last minute and we might even be able to reduce your tax bill.

Why choose Xero?

Xero is the bee’s knees as far as we’re concerned. It’s so easy to use, jargon-free and can be the difference between success and failure.

When your software is appealing and enjoyable to use, you should naturally want to use it more. That’s what our clients say, at least.

In no time at all, you will have a real-time picture of your business’s finances enabling you to spend more time elsewhere.

It will give you an accurate picture of your cashflow situation, allowing you to chase up invoices or make informed decisions.

There are also loads of add-ons and apps, and we find these can add real value to businesses that are scaling up.

So, you absolutely cannot do your accounts with one press of a button. But, with AssureTax by your side, you can make genuine gains in your business.

Get in touch to discuss cloud accounting.

Related articles

Contact us

Ready to get started?

Seen enough already? That’s great. We can’t wait to get the ball rolling and find out what we can do to help. If you’re just starting out or need more information, we’re here for every query – there’s no such thing as a silly question.