10 Reasons why you should use XERO Cloud Accounting in Singapore
10 Reasons why you should use XERO Cloud Accounting in Singapore – There are so many reasons to work on your business to improve efficiency. There are also many reasons to outsource your accounting services in Singapore to a reliable accounting firm.
There are many accounting firms in Singapore that have been around for many years.
Just take KCA, we are a subsidiary of Koh Management Pte Ltd that has been in Singapore for 30 over years and serving hundreds of customers from startups to established businesses.
For most business owners, trying something new is not something that they will like to do. Business world requires consistency and having a change is usually hard to swallow but also necessary for business to keep growing and also becoming more efficient in the long run to fight against competitors.
So we are here to start to share with you Reasons why you should use XERO Cloud Accounting in Singapore.
1. Able to manage accounts 24/7
The fact that Xero Accounting is an online platform.
This allows you to access them at any time!
Whether you are in bed and wanting to make some last minute checks or decisions.
Or you will like to do it while at the bar at 10pm.
You can access it 24/7 because an online platform does not sleep!
2. Able to manage accounts anywhere you are
The fact that the platform has a mobile application, this makes it awesome for the management of your accounts from anywhere.
You don’t really need to do it from a computer or from your desktop in the office.
You can be at home or at a pub and check how much you have done in terms of revenue for the month.
You could also print reports in PDF from the comfort of your car.
Or why not do it on the beach on your holiday just to make sure everything is going well.
3. Issue quotations or invoices the moment you are done with your appointments
The mobile application is the most convenient thing ever.
So with it, you get to really issue your quotation invoice right after you are done with your appointments.
You will impress your customers by how efficient you are when it comes to getting work done.
This will be great for a sales man that is always on the run!
4. Updates are pushed to you instantly
Bceause it is an online platform, the updates are often coming in every couple of months.
The good thing is, you do not need to download the patch and patch it manually.
Instead the platform does it themselves and when you log in, you didn’t even know that there are updates done.
You will just get to enjoy new features as they are developed and updates.
5. Bank statements are updated automatically
Xero Accounting Software supports bank feed.
Bank feed basically means connecting your Xero Software with your banks information.
The bank will push bank data into XERO every day.
This means you do not need to wait for your bank statements or login into your bank platforms to check what is going on in the bank!
You could also use the bank feed data to save time on bank reconciliation which makes life a lot easier for you or your accountant!
6. You get online support if you’re not sure
The fact that the platform is online, you will be able to get access to support if you need it.
24/7 you can chat with the support to find out what is going on.
Then you can solve it along the way to get your accounting done up on time.
7. Choice of add-ons to improve efficiency
There are many add-ons to make things more efficient.
Do you have a POS machine and need to gain access to it?
Use a POS machine that has an add-on to XERO and you get daily live updates from the many machines around the country!
There are add-ons that help you to save time scanning and keying in your receipts too.
8. You can transit to outsource by transferring account easily
When you are using XERO as a software, you also just need to appoint the accounting services provider through an invitation.
You do not need to use their specific software or insist on yours, they may not be familiar with the software.
You can just pass it along and move on with your life!
9. It cost only $20 USD a month
$20 USD is quite a good pricing for businesses that are just budding.
For small businesses every cent counts and this is a good pricing for start-ups that are cash strapped.
For those that require multi currency, it cost $30 USD a month for the subscription.
10. The fees are monthly and not one big sum at a go
Same as point 9, the fact that it is monthly is good for cash flow.
Small businesses will enjoy having not needing to pay $2000 – $5000 for one software that is necessary.
Cash flow is everything for a business.
So a good monthly subscription system is great for a start-up business.
If you are require help with your monthly bookkeeping or financial year end closing, speak to us.
We offer sme bookkeeping services on a monthly basis so that you do not need to worry about your year end submissions.
Speak to us also if you require help with any other forms of consultancy needs.
Thank you for reading our article on Reasons why you should use XERO Cloud Accounting in Singapore.