Xero has evolved from being just a bookkeeping software to a small business platform. Cloud accounting has certainly changed the market and the small business economy, helping businesses become more efficient and friction less in how they work. Xero allows them to focus more on customer relationships and business growth. The market is changing as does the technology that Xero can deliver.
Cloud accounting or online accounting is the same as cloud computing. It has made a huge difference in how financial information is handled, making tax time much easier. Businesses can operate the software with just one computer and internet connection. It does not even need to be connected to a server.
There is one ledger kept – a file in the cloud, improving the accuracy of information and minimising errors during BAS and tax time. Cloud accounting allows business owners to view their financial status and interact with their accountant in real time.
Chan & Naylor uses Xero accounting software to offer its services via the cloud. Depending on the type of business, Chan & Naylor can help make accounting easier for owners to manage. Chan & Naylor can advise and assist clients in implementing Xero and assist with its maintenance. It is an efficient way to do business that allows Chan & Naylor to keep their fees down. Clients even say they would never go back to the old way.
If you would like to know more about cloud accounting, you can click here to know more about Chan & Naylor services. You can leave your details here and we can schedule you for a free consultation. We’ll contact you to explain more.
Whether you are a beginner, seasoned investor or business owner, our property and business tax accountants can give you guidance to maximise the financial areas of your life. We can also give you an integrated and tailored solution for your superannuation, taxation, property investment, asset protection, estate planning and more.
Chan & Naylor Group has nationwide offices in Brisbane and Capalaba in Queensland, Melbourne and Moonee Ponds in Victoria, East Perth in Western Australia, and South West Sydney, Parramatta, Pymble, North Sydney, and Sydney in New South Wales.