Whether you’re running a business or whether you’re working for an organisation looking to implement some changes, you may be looking at your finances. One thing that many businesses forget is their record keeping or bookkeeping. Tracking your expenses and income in a business is one of the key ways that many new businesses fail. Without a solid understanding of your financial situation, you could find that your business isn’t thriving as much as you thought.
Xero is the perfect choice for small or new businesses looking for a solution to help them to understand their financial position. If you want to help give your business a good chance of success, this is why you might want to consider using Xero.
What is Xero?
Simply put, Xero is a cloud-based accounting software for small to medium-sized businesses. Xero has companies across Australia, New Zealand, the United Kingdom, the United States, Canada, Asia and South Africa. Not only is it designed for business owners, but it is the perfect software for bookkeepers and accountants of all levels. With over 1.58 million subscribers, Xero is one of the most well-known accounting software options available.
How do I learn how to use Xero?
One of the greatest benefits of Xero is in how simple it is to learn and use. You don’t have to be an accountant or a bookkeeper to reap the benefits of this great software. Most business owners have found that it is easy to use and learn. Xero has some great videos and tutorials through their XeroTV, which is a great first step in learning how to use Xero. This is a good way to get a good start on learning the basics of Xero.
Enrol in a course
Whether you work in administration at your workplace, you’re a business owner or you’re a bookkeeper who wants to hone your skills, enrolling in a Xero course can be what you need to have a complete and thorough understanding of Xero in the workplace.
Depending on your needs, you may want someone to help you with the basics or you may be looking for a complete training solution for the workplace. There are a number of Xero training providers who can help you with your needs. Some can visit you on-site while some will provide you with the training online (some of the best providers provide both as an option).
Use the software
Like with most things, sometimes you learn the most by having hands-on experience. If you already have Xero in the workplace, getting stuck in and using it is always a helpful step in learning. Xero has some great videos and tutorials available right within the software itself, so you don’t have to navigate away from what you’re doing. If you have basic needs, you may find that you can use the software relatively easily just by giving it a go.
One of the benefits of Xero lies in the Xero demo company feature. It includes company details with usable, fictional data to practice with. The demo company gives you access to all features (except for bank feeds) regardless of the role you have with your current organisation and subscription. It’s the perfect opportunity to get your head around the software.
Let the experts handle it
Don’t have time? Can’t be bothered? No problems. When you want your business to utilise Xero, but you just don’t have the time to learn the ins and outs of the software, you can choose to utilise an outsourced bookkeeper who specialises in Xero. By choosing a Xero bookkeeper, you have the opportunity to focus on running your business while your bookkeeper provides you with a clear picture of your financial status. This is often a good option for those who simply don’t want to spend time learning a new software or aren’t confident enough right now.
Do you still want to learn how to use it yourself? Although Xero is easy to use, it can also be easy to get wrong. If you’re a business owner who wants to learn how to use Xero, but you still want to focus on your business, an experienced Xero advisor may be a good option. By bringing in a professional who understands Xero and understands what they’re doing, they’ll be able to give you the right advice and help when you need it most. Ultimately, when you’re growing a business you need accurate financial information, as well as ensuring you stay compliant with the ATO. Having an expert to help you could be what sets you apart and can help you with your business success.
When you’re looking for Xero training or a bookkeeper specialising in Xero, contact the friendly team at Diverse Business Consultants. We have the experience and skills to ensure your books are taken care of.