Disaster With Xero!?
Xero is a fantastic product for certain businesses. It suits businesses with no inventory control or inventory management requirements. Its strength, is that bank transactions can be automatically uploaded to your accounts system and additionally there is no software installation (although there still is the standard Accounting set up requirements). The result is an online version thats available from any computer with an internet connection.
Whats still very important, is that the business anlysis and online set up is performed correctly. This becomes of higher importance with online software as you have less flexibility over data later on. This may severely limit your reporting ability that plays a crucial role in running a successful business. Businesses often lose valuable analysis data from incorrect setups and it often creates severe problems for business owners down the track when they dont have the right reporting dials in place to access which business activities need attention.
Big Costs of changing to XERO-Incorrect Accounting Software Analysis costs $25,000 plus
An Example of this recently, was when a recent client spent over $25,000 reverting back to a previous accounting system
It was recommended by an accountant, however accountants are great at accounting but often are not up to date with the software, setup requirements, and functionality of accounting software.
Another requirement for this client was that they have 2 data entry personnel and the online xero system was too slow to manage their processing requirements and was more suited to terminal services enviroment (another online option).
Accounts Coach as certified providers are trained in various accounting software packages. This provides an exclusive opportunity for clients to get an independent evaluation before installing or changing accounting software. We present the Accounting and payroll solution that best suits your needs. You are not limited to one accounting or payroll option. The result a tailored solution!
It costs nothing to ask, but it will be a huge expense if you get it wrong !
Please contact us for a free software assessment prior to purchasing. . Please contact us for a free review.