![]() Savvy business owners work with both accounting software and their own accountant to keep their business HMRC compliant and save money.Īt Get Ahead, we know there’s no substitute for the human touch, and working with an experienced accountant is key to business success. Many accountants now have a Xero certification, which means they are qualified to do your accounts in conjunction with you using Xero for your day-to-day invoices and expenses. Xero and accountants working together for your business Ultimately, an accountant can save you money – investing in accounting expertise is usually well worth it. Paying your taxes is important, but you shouldn’t be paying out more than you need to. ![]() They will be able to help you improve cash flow, or help you pay the right amount of VAT. Your accountant will be able to provide wider financial advice and help you plan for business growth. An accountant will cover essential areas which Xero cannot, like:Īn app can only deal with the information you give it, but a person can reason and evaluate. This is where a real person with the right knowledge, expertise and experience is invaluable. The two biggest challenges of doing your own accounts are ensuring you have completed your financial reporting correctly, and ensuring that you’re paying the right level of tax. If I use Xero, why do I need an accountant? The downside of this is that some of the functionality is too basic to use on its own, so savvy business owners usually work with an accountant too. Many of the functions are very clear – ideal for people who know their industry but aren’t financially minded. They are quick and easy to use, and connect to your business bank account. Xero is certainly making life easier for the Get Ahead regional directors! But how far can you go with finance software? When do you need to hand over to an accountant?Īccountancy apps like Xero and Quickbooks are a great solution for the day to day running of your business. They have definitely made life easier, and empowered entrepreneurs to manage their own finances. ![]() ![]() Many businesses have welcomed apps like Xero and Quickbooks. ![]()
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