28 February 2017
There’s a new kid on the accounting block, and its name is Xero. It’s cloud accounting software that makes running your business’ accounts simpler, faster and more efficient. And it’s come to steal Sage’s crown as the number one accounting package in the UK.
There was a time when Sage was the king of accounting software. Fifteen years ago, if you’d asked the average businessperson to name an accounting software brand, Sage would no doubt have been their answer. But that monopoly of the market has disappeared in recent years – and that’s down to the emergence of online accounting software, like Xero, that brings improved value to your financial management, and a better way to work with your accountant.
So here are our 5 key reasons why Xero is the right fit for your small business – and why Sage just doesn’t have the skills to pay the accounting bills in 2016.
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Sage, and other desktop-based accounting packages, focus on giving you a historic, backwards-looking view of your business information.
Records and data have to be keyed in manually and there’s very little automation of your main bookkeeping and record-keeping processes. So the numbers you see in your home screen are likely to be days, if not weeks, out of date – you’re dealing with the past history of your business, rather than the ‘now’.
Xero’s focus is on real-time information – giving you a view of your key numbers that’s current and based on all your most recent transactions.
With desktop accounting packages, like Sage, your business data and numbers are sat on a local drive on your office computer. So, if you want to see those numbers, you need to be in the office, or connected directly to your network – that’s limiting when you’re a busy business owner.
Xero’s data is sat securely in the cloud. You use Xero through your web browser or mobile app, not through a local application on your hard drive, so you can work wherever you want.
Sage was created as a tool for accountants: not for business owners. To really understand your accounting in Sage you need a certain amount of accounting knowledge – and that can make interpreting your business information both confusing and frustrating.
Xero was designed from the bottom up to be used by small business owners. It’s aim is to simplify the process of doing your financial administration and to then make it as easy as possible to pull off the reporting and information you need to run your business.
When you’re running a desktop system, you’re always held back by the fact that your data and your application are both sat on a local hard drive. It’s means there’s an ever-present need to back up your data each day, and any updates to the software have to be bought and uploaded if you want to make sure you’re always using the latest version of the software.
With Xero, your data’s sat in the cloud on safely encrypted servers – there’s not a local drive in sight. And this has all sorts of advantages for the running of your business systems.
If you’re still running your accounts from a desktop package, now’s the time to make the move to a more effective cloud-based solution.Contact
Xero doesn’t just make your financial management more efficient. It’s a software platform that lets us help you analyse, improve and evolve your business model and the long-term profitability of your company. Here at FD Works our team of accountants and business advisors can walk you through the benefits of Xero. Showing you just how easy it is to move your existing systems across to a modern online accounting platform. Drop us an email to email@example.com or give us a call on 01454 300 999 to arrange a free hands-on demo of Xero for your business. We're based in between Bristol and Bath at Greenway Farm in Wick and work with ambitious businesses across the South West and wider UK.