Xero Accounting Peterborough – New clients get our migration service free of charge along with two hours
training to get up and running with the essentials.
The number 1 Xero Accountant in Peterborough
Streamline your business accounts with our Xero Accounting Services
Some of the key features that your business needs to be taking advantage of:
Easier
Invoicing
Quicker Cash
Collection
Automatic
Processing
24/7
access
Real Time
Accounting
Financial
Dashboard
Instant
Reports
Secure and
maintenance-free
Xero Gold Partner - Xero Accounting Firm
Direct Peak are Xero Accounting Peterborough certified gold partners as an all Xero accounting firm and we pride ourselves in helping small businesses use Xero to manage their business finances. As a Xero accountant in Peterborough, we are ideally place to assist businesses in Peterborough City Centre and the surrounding towns of Market Deeping, Bourne and Stamford.
Cloud accounting software is relatively new, but it is truly revolutionising the way we work. By automating and streamlining processes, Xero can speed up invoicing and reduce the time required to keep your accounts up to date.
If you are looking to move to Xero, but don’t want to do it alone, Direct Peak can help. We are Xero Migration Certified and have successfully completed many migrations to Xero. New clients get our migration service free of charge along with two hours training to get up and running with the essentials.
Hands-on support from your local Xero accountant, when you need it.
Since we can access your data 24/7 you get more value from us – we can help you run and grow your business rather than just add up the numbers. As Xero is cloud-based software, will always be looking at the same figures, which means we’re able to answer your accounting questions quickly, supporting you with your key decisions.
Key Benefits of Xero Accounting Peterborough from Direct Peak
Easier Invoicing – Fast, simple customised sales invoicing will make your life simpler. The facility for emailing of invoices, with the option to attach a statement at the same time makes it so easy to manage your sales and get paid quicker.
Quicker Cash Collection – The system allows you to embody payment methods into your invoicing. It makes it so much easier for you to get paid, reducing bad debts and slow payers and putting more cash in your bank account. You can also chase debtors whilst on the go.
Automatic Processing – Your bank accounts can feed directly into the system, which keeps your accounts up to date and fully reconciled to the bank… this feature will save you a significant amount of time.
24/7 access – Access up-to-date financial information and reports from any device with an internet connection (you can access your numbers with your smartphone or tablet).
Real Time Accounting – Up to date accounting means your records are always current, making it easier for you to make the right decisions.
Financial Dashboard – One of the most popular features of Xero; a fully customisable screen showing you the key financial information you need to run your business. You’ll come to rely on this Financial Dashboard just as much as you rely on the dashboard in your car when driving.
Instant Reports – At the touch of a button you can get instant reports on your business.
Secure and maintenance-free – Sleep at night knowing your sensitive financial data is always secure and backed-up automatically. Also, no system downtime because all software upgrades are automatically installed. This worry-free maintenance saves you time and hassle.
Thinking of migrating to Xero but don’t have the time?
We can help you move all your accounts onto Xero, whether your old software is Sage, Quickbooks, Kashflow, an excel spreadsheet or all on paper! Direct Peak is Xero certified, so you can trust the move or setup will be completed correctly.
Also, All new clients receive our Xero migration service free of charge along with two hours of training to get up and running with the essentials. Check out our Xero Migration page for more info.
Looking for a Xero accountant in Peterborough? Book a call with us.
Business to Business
Accounting Technology
The UK is a B2B nation with nearly 40% of UK companies deriving all of their income from B2B activity, with a further 42% having a blended business mix with some of their income from B2B. B2B Accounting Technology plays a vital role in helping SME’s improve their productivity and efficiencies.
The B2B world is one that is dealing with high ticket, specialist products, complicated buying units, multi-touch contacts and long sales cycles. Streamlining B2B processes should be high on the priory list for most businesses. Yet in many companies, some of the most time-consuming and important tasks, such as accounting and purchasing, still rely on traditional methods and hardware-based software.
Direct Peak has identified this issue for many SMEs and implemented accounting technology stacks to improve cash flow and efficiency. Here is a common example of a technology stack we implement and support for our B2B accounting clients:
Quotes and Invoicing
By using a combination of Workflow Max and Xero, accepted quotations are turned into invoices pushed through to Xero along with new contacts and their details. This saves time in manually converting and collating quotes and invoices and there is no need for manual input of new client setups.
Credit Control and Payments
For overdue invoices, Chaser looks at the outstanding invoices in Xero and sends automated email chases that look like they are from an internal member of staff.
To automate payments, GoCardless looks at the invoices in Xero and collects a direct debit based on the due date – Once collected GoCardless marks the invoice as paid in Xero.
Incoming expenses
and purchase Invoices
For incoming expenses and purchase invoices, we advised the client to set up Dext. With pinpoint accuracy, Dext scans all the information on the go — from your mobile, laptop or email inbox — storing and organising the data using a mix of AI and human sorting. The extracted information is then posted into Xero, cutting down on manual data entry.
To automate supplier payments and deal with issues of multi-currencies, we helped the client set up TransferWise which allows you to pay invoices, buy inventory, and handle payroll with the real exchange rate in over 50 currencies.
Finally, Xero Payroll posted all payroll costs directly into the client’s Xero accounting package.
The resulting automatic reconciliation of payments and spending across multiple channels saw a significant reduction in manual data input and reconciliation tasks. With human input error taken out of the equation, customer and supplier invoicing inquiries were reduced.
Direct Peak are experts in accounting technology.
Our accountancy service packages are fixed-fee and tailored to the requirements of your business. There are no extra charges for queries by phone or email, so if something is worrying you, please pick up the phone and call.
If your current accounting solution isn’t keeping up with your fast-moving business, talk to us now on 01778 481044 or book an appointment.
Looking for business accountancy services? Book a call with us for a day and time that suits you.
Looking for an accountant who can help
B2B Accounting Technology Developments
B2B (business-to-business) accounting technology has been rapidly evolving to streamline processes, increase efficiency, and provide more accurate financial information. Some key areas of advancement:
- Cloud-Based Accounting Systems: Cloud computing has revolutionized B2B accounting by enabling businesses to access their accounting software and data from anywhere with an internet connection. Cloud-based accounting systems offer real-time collaboration, data security, automatic updates, and integration with other software applications.
- Artificial Intelligence (AI) and Machine Learning (ML): AI and ML technologies have been integrated into accounting software to automate repetitive tasks, such as data entry and bank reconciliation. These technologies can analyse large datasets, identify patterns, and make accurate predictions, improving the accuracy and efficiency of financial reporting.
- Automation of Routine Tasks: B2B accounting technology has focused on automating routine tasks like invoice processing, expense management, and payroll calculations. This automation reduces manual errors, speeds up processes, and allows accountants to focus on more strategic financial analysis and decision-making.
- Integration with Business Systems: B2B accounting technology has become more integrated with other business systems such as customer relationship management (CRM), enterprise resource planning (ERP), and supply chain management (SCM) software. This integration allows for seamless data flow between different departments, reducing data entry duplication and improving overall efficiency.
- Data Analytics and Reporting: Advanced reporting and data analytics capabilities have been incorporated into accounting software. These features provide businesses with detailed insights into financial performance, trends, and forecasts. Data visualisation tools enable users to create interactive reports and dashboards for better decision-making.
- Blockchain Technology: Blockchain has the potential to transform B2B accounting by providing a secure and transparent platform for recording financial transactions. It can enhance trust, reduce fraud, and streamline processes like auditing and supply chain management.
- Mobile Accounting: B2B accounting technology has also embraced mobile platforms, allowing users to access accounting systems and perform tasks on smartphones and tablets. Mobile accounting apps enable on-the-go management of finances, invoicing, and expense tracking.
It’s important to note that the accounting technology landscape is dynamic, with new developments and innovations occurring regularly. To stay up to date with the latest advancements, it is recommended to consult industry-specific resources, attend conferences, and engage with accounting software providers.
Steve Marshall
2023-08-01
The whole team at Direct Peak have been amazing to work with. Everything we have been looking for from an accountant. Thank you from Acoustic Associates
Luke Tyler
2023-06-20
The Direct Peak team are exceptional in all they do. They demystify my questions on accounting, offer clear, sound advice, and help me to make informed decisions about my business.
Don Wiid
2023-05-10
Karl Newman and his team help us with our Xero accounts system, making sure it is accurate and up to date. The real value though, is Karl's experience as a management accountant, providing indispensable advice on a monthly basis to ensure we keep growing.
Craig Sawyer
2023-03-09
Direct Peak are the perfect accountants for me. Always helpful and friendly. They take away any of my accountancy headaches which allows me the time to focus on my business. Would highly recommend them and do to any business owners I can. Thank you all !
Kelsey Brace
2023-02-20
I've worked with Karl & Direct Peak for years. They have always provided great service and advice. Highly recommeded!
Sana Hanassi-Savari
2023-02-10
Great service, I would highly recommend them. The team are friendly, always around to help and very knowledgable.
Simply Antivirus
2022-10-11
Direct Peak was the right choice for us. Outstanding friendly service. The team are highly knowledgeable regarding tax and financial matters, and they have been an asset to the running of our business. Very approachable and have an answer to all my questions. Highly recommend them! Very well done guys!
catherine Johnson
2022-10-11
I recently changed my Accounting to Direct Peak, mainly due to Karls brilliant support with advice regarding making Tax Digital and around my business growth intentions.
Having run my own small business and being with my previous accountant for 13 years, I have been SUPER impressed with every aspect of the move - the advice, the support, and mostly the friendliness of the team and their willingness to want to help. Eve has been so amazing at supporting me to make the transition to Digital VAT returns - I cannot recommend Karl and his team at Direct Peak highly enough - Thanks Guys!
Peter Baker
2022-09-21
Karl has been outstandingly patient and generous with his time. I cannot recommended Karl enough. He has helped massively in starting up my own company.
Dedicated Contact
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.
Tax Efficient
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.
Quick Turnaround
We aim to turn around the annual accounts and tax returns quickly to give you visibility of your tax bill well in advance of it being due.
