If you hate chasing clients for payment, detest creating invoices and sending them out to your clients and just wish your clients would pay faster then why not speak to a Xero Accountant in Peterborough about how they can help you get paid faster by your clients?
You make like easy for your clients; your products or services add ease and enjoyment to their lives and on top of this you answer their calls within hours, respond to their emails within the day, give them the best price and service level possible and all in all make their lives easy – so why not make it easy for them to pay you too?
Giving your customers an easy way to pay their invoice immediately via a credit card or PayPal for example is all part of customer care and makes things easier for them; when you use Xero accounting it is possible to set up an online payment system to give your customers this ease and reduce the stress of getting you paid.
Research shows that 1 in 5 businesses that use Xero to send their invoices to clients offer an online payment service and on average this means they are paid 50% faster; this works out to roughly 20 days sooner than other companies without an online payment service.
Would you like to get paid 20 days sooner?
This will rapidly improve your cash flow and mean you are able to focus more on your business and plan for the future.
The biggest benefit of Xero accounting and their online payment services is that because you get the payment sooner you spend less time waiting for payment, stressing about payment and making difficult phone calls; you’ll also avoid doing those cash flow contortions too.
If you’d like to know more about Xero Accounting in Peterborough and how you can get paid faster then why not call a Xero Accountant in Peterborough in the team here at Direct peak; we would be only too happy to tell you more.
Choosing A Xero Accountant in Peterborough
When you run a small business you will make lots of decisions, one of the most important decisions you will need to make is choosing your accountant; it will need to be someone that is experienced and qualified; but you also want a Xero accountant in Peterborough that is approachable, highly personable and easy for you to relate with.
The first thing you need to do when choosing your Xero accountant in Peterborough is to write down what your business needs from an accountant. Do you need them to balance your books, offer tax advice, offer business advice or prepare your annual accounts for you? Different Xero accountants in Peterborough offer different services, so it is important you know what your business needs and if the accountant can help.
Also decide if you want your accountant to have experience of your industry or a specialist area which could help your business grow or mean your accountant could offer relevant business advice to help your business thrive.
Personal recommendations are a really good way of finding the best Xero accountants in Peterborough so take the time to ask friends, business contacts, networking buddies and even groups and organisations like Cambridgeshire Chamber of Commerce or Federation of Small Businesses who will be happy to help.
Create a shortlist of Xero accountants in Peterborough that you would like to work with and ask them questions about how you would work together, how often you’ll talk, if they do all the work or have a team that help with the day to day work, their fee structure and similar questions that will help you understand if the Xero accountant you are speaking to is best for you and your business.
When choosing to hire a Xero accountant in Peterborough you need to make sure it is someone you like and respect, you need to choose someone that is approachable and easy to talk to because your Xero accountant is pivotal in the success of your business.
Your Xero accountant will be your trusted adviser so make sure you take the time to find someone that is a really good fit for you and your business.
If you would like to approach Direct Peak about your Xero accountancy needs, please find all our contact details here.
Here at Direct Peak we know that there are so many cloud and online accounting systems available to businesses of all shapes and sizes; but here at Direct Peak we take pride in offering our services as a Xero Accountant in Peterborough because we feel that Xero is the most complete, all-round accounting product for our clients and small to medium businesses in Peterborough.
As a Xero accountant in Peterborough we find Xero accounting to be an excellent online product and could easily be the future of accounting for small businesses. While it is an easy and simple to use accounting tool we recommend that you enrol the services of a Xero accountant in Peterborough to help you get the most out of Xero and ensure you are using the tool to its full potential; and this is something we can help with.
If you are looking for a comprehensive online accounting solution that works for your business then our monthly Xero accounting packages are well worth considering; especially as they can be as flexible as you need to suit your business requirements and budget.
Our professional and experienced Xero accountants in Peterborough can even help with your bookkeeping if you want?
The benefits of Xero
With Xero accounting you can log in to your account at anytime from anywhere to stay up to date your cash flow in real time; you can also create and view up-to-date reports with quick links to all the original transactions allowing you to see exactly where your business is financially.
A Xero accountant in Peterborough can also show you how to automatically import your bank statements and allocate transactions as well as handling employee expenses with ease leaving you to review and approve claims from your employees.
Here at Direct Peak we feel that Xero Accounting can save you and your business so much time, energy, effort and money while offering some excellent additional solutions you may never realise you needed – we work hard to make your life as easy as possible and that is exactly what Xero Accounting does too.
Contact us now to see how we can help you achieve more for your business with Xero.
How Can Cloud Accounting Benefit Your Business?
If you are unsure of the cloud and how trustworthy it is, then think about your internet banking. Every time you view your data via internet banking you are using the cloud and this is just one example; it is likely you use the cloud multiple times every day because cloud is a platform that allows data and software to be easily accessible online at anytime, anywhere and from any device.
There are five main ways that cloud accounting can really help your business and these are as follows;
Know Your Numbers
With cloud accounting systems like Xero you are on top of your numbers because you have a clear overview of the financial position of your company via your smartphone, tablet, laptop or desk-top computer.
Cloud accounting software will save you lots of time because the software automatically downloads bank transactions and matches all of your invoices and receipts to payments so you don’t need to input data manually.
If you have a team or other colleagues that need access to your accounts then this can be done on cloud computing too. Multiple users can log-in at the same time to get the information and data that they need to make important business decisions, check which invoices have been paid by clients and which bills are outgoing or processing.
There is no need to spend lots of time installing a new accounting system onto different computers and smart phones, all you need to do is log-in and all the details are there waiting for you; plus everything is backed up automatically. Upgrades and maintenance of your cloud accounting software is all completed automatically in the background, all for no additional cost.
No Upfront Fees
The huge upfront fees of accounting software is sometimes off-putting to small businesses but cloud accounting software has no expensive up-front costs instead you can pay for your cloud accounting software through affordable monthly subscription payments.
How Can Direct Peak Help Your Business With Cloud Accounting?
Here at Direct Peak we have many years’ experience of cloud accounting and we take pride in being highly recommended Xero Accountants and Bookkeepers in Peterborough. This means that we are ideally placed to advise business owners like you, of the specific benefits that Xero accounting will bring to your business.
If you would like to hear more about Xero cloud accounting software or want to arrange a meeting with us then please feel free to contact us directly; we look forward to hearing from you soon and help your business achieve more financially.
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Migrating Your Accounts To Xero
We meet many business owners who like what we stand for and want to work with us, but feel they can’t as we are Xero Accountants in Peterborough and they use Sage or another type of accounting software; but fear not, whatever system you currently use we can help you.
Our XERO specialist accountants can migrate your accounts from your current accounting system to Xero. This will make running your business easier and checking your cash flow quicker and simpler.
Why Migrate Your Accounts To Xero?
Here at Direct Peak we are Xero Accountants and feel that Xero accounting is a fabulous alternative to your old accounting software because it provides a real-time view of cash flow, wherever you are and at any time you choose.
You can use the mobile app to run your business on the go; reconciling, sending invoices, creating expense claims and more whether you’re eating your breakfast, on a train or enjoying a family holiday. You can also get paid faster with Xero because you can send invoices online and you’ll get an update when they’re opened by your customers. Xero will also import and categorise your latest bank transactions to so you know how much cash is in your bank account at all times.
How to Move To Xero Accounting?
Firstly, of course this is something our Xero Accounting Specialists in Peterborough are happy to help you with, or complete for you as we know that business owners are busy people.
However, if you do choose to move to Xero yourself you will need to register with Movemybooks for free then complete the simple step-by-step instructions shown and this will help extract your backup file. We will of course be on hand if there are any issues during this process.
Your Xero account is then born and you’ll either need to register for a Xero account or sign into your Xero account; a free trial or paid account is fine. Then click the ‘authorise’ button and connect to Xero. Check the data is being sent to the right place, follow the simple steps and then you’re all set up.
Do Small Businesses Need To Hire A Xero Accountant?
Xero accounting software recently completed some research to see when business owners felt that an accountant in Peterborough should be hired for business. What they found was some real uncertainty about when an accountant should be hired. There was also uncertainty about the actual value an accountant brings to a small or start-up business.
The biggest reason that small business owners employ the services of a Xero Accountant in Peterborough is because they didn’t start their business to be swamped in financials and paperwork. So it is the first job they take off their list to outsource to someone else.
This makes perfect sense. Why wouldn’t you hire a Xero accountant in Peterborough to take care of the numbers while you focus on what you do best; running a successful business!
As a small business you will always be looking for different ways to save money. You may see a Xero accountant in Peterborough as an additional expense that can be taken out because it is unnecessary.
On paper this may be the case. But tasks such as organising invoices, collating receipts and filing taxes can be extremely time-consuming. This is especially the case for someone without huge amount of experience.
The best Xero accountants in Peterborough will save your money by taking these time-consuming tasks off your hands. However, they will also always be looking at ways that your business can make more money. When you hire a good Xero Accountant you will find them to be more like coaches. They will encourage you to achieve more for your business.
An accountant can add huge amounts of value to your business in various ways. This could be such as increasing your revenue, reducing your expenses, planning your cash flow, helping grow your business and business planning. They can even help at identifying new market opportunities that you may not have considered before.
The added bonus of using could accounting software, such as Xero, is that you don’t need to hire a Xero accountant in Peterborough full-time because they can work remotely using the same date from their own office.
Benefits of cloud accounting
Chances are that your clients do most of their business in the ‘cloud’ so why shouldn’t you do your accounting and bookkeeping in the cloud too? It won’t make any differences to your clients as they will still be able to pay you as they have done before, but the benefits to you and your business will be massive game changers.
With accounting systems based in the cloud like Xero you will only need one file and this can be easily accessed by you in the office, by the team on the road, or from your holiday destination when you are taking a break from the office. It also means that your Xero accountant can access your system from wherever they are. This efficiency that cloud accounting offers can save you time and money.
You don’t need to worry about files being stolen or misplaced because cloud accounting is safe and secure. Accounting systems based in the cloud are also instantaneous which means as soon as changes are made my colleagues, payments come in or bills are paid then it will show on your accounting system straight away. You will know what is happening with your business finances at all times.
We touched on it earlier, but a huge benefit of cloud accounting systems like Xero is that they are completely flexible. This means you can access your accounts from anywhere and from any device that has an internet connection. This means you can check how much money is in the account if you want to place the last order, check a client has made a payment on the way to a meeting with them, or check a payment has gone out to a supplier.
Systems like Xero needn’t cost the earth and will work on a subscription basis that is affordable.
Why not contact us now to see how Xero cloud accounting could work for you and your business?
Direct Peak provides a dedicated business tax accountant, who will prepare your annual accounts and tax returns. They will be on hand to answer any tax queries you have.
Your business tax accountant will ensure that the company is set up in the most tax-efficient way and that you are claiming for all the correct expenses to maximise your earnings.