This is where it all started for us, and something that we see as absolutely fundamental to all businesses that want to be able to use their accounting records to drive business insights. Our approach to bookkeeping is to set up systems, processes and workflows to automate whatever is possible. This makes life easier for you whilst also giving you the ability to have up-to-date accounting records, something that in the past would be next to impossible without a dedicated inhouse resource.
We automate operations using the best software on the market. Our clients are typically set up on Xero as a base bookkeeping product with a number of connected applications, such as Dext Prepare or Precision, plus any industry specific or operationally specific apps. Every business is different so we always consider your individual needs and pain points.
Once you have up-to-date books, meaningful business insights can be drawn from the underlying bookkeeping data. Whether we do the bookkeeping, or you do this inhouse, our team can assist you in generating accurate and useful management information.
We have a number of standard management packs which are a great way to begin gaining a better understanding of your business’s financial performance. We appreciate that your business is unique and has its own particular key performance metrics, so we work with you to create bespoke management templates that show you exactly what you want to see. With your records in the cloud, there are a host of connected apps that can show your data in a plethora of different formats from dashboards to visual graphs to KPI stats. Please find attached a copy of our basic management accounts that we use with our clients as a starting point before customizing to specific client requirements.
Cloud migration services
In order to start getting the benefits that come from being on the cloud, the first step is migrating your bookkeeping data on to the cloud! We offer several separate packages from the most basic bringing across the trial balance at a given date all the way to full migration of transactional data and set up of a full application stack to allow you to hit the ground running from day one.
Review and transformation of finance function / App Stack
Xero is an extremely powerful accounting tool, however it is only the start of what can be achieved in a full application stack. Xero was built with an open API meaning additional software vendors have been able to build products that link into Xero which provides enhanced or additional functionality, which the base Xero product does not. In simple terms you could consider Xero as your hub like an iPhone or Android that connects with an app store which has all of your different applications.
We assist you in reviewing your internal accounting systems and make recommendations on area’s for improvement to solve pain points or to just drive efficiency even further.
Some of the most popular classes of applications our clients use are:
- Data capture tools
- Credit control
- Reporting (inc cashflow)
- Job tracking
This is a small sample as there are literally over 1,000 different financial apps connected to Xero’s app store.