At Spicer & Co, we believe in keeping your accounting as straightforward as possible. With this in mind, we thoroughly recommend online accounting. Cloud-based software enables you to access your current financial records at any time and from any location. All you need is an internet connection!
Making Tax Digital is the government-led initiative introducing compulsory online tax accounts and quarterly submission of accounts and tax returns. The requirements will apply to all VAT registered businesses from April 2019 where their turnovers are in excess of the VAT threshold. An online accounting system such as Xero will help businesses to comply with Making Tax Digital.
Xero’s cloud accounting software makes running your business’ accounts simpler, faster and more efficient. Spicer & Co is proud to be the number one firm of accountants in Luton and Dunstable using Xero.
Build a Better Business with Xero Online Accounting
Xero offers a range of videos to explain what’s involved, including:
Instead of the traditional, historical view of your accounts, the Xero accounting system provides you with:
1. Real-Time Numbers
Your Xero system will automatically give you a current view of your bank balance and financial position. Bank reconciliation and keeping track of sales and invoices are quick and simple. Your dashboard offers you an instant, bespoke view of the numbers that are most important to you.
2. Complete Flexibility
With Xero cloud-based accounting, you can check your business figures from anywhere, using any smart device. There’s no need to download or update software either.
3. Complete Coordination
The team at Spicer & Co Chartered Accountants is here to help with queries and advice as well as tax, compliance and accounts. If you are using a cloud-based accounting system such as Xero, we all see the same information at the same time. That helps us to answer your queries fast and efficiently.
4. Green Credentials!
A paperless office is truly possible when you use online accounting. Xero allows you to import your paper receipts into your accounting software, offering instant impact as you view your figures.
Above all, expert support is available for all our clients who use Xero. The team at Spicer & Co is always happy to help, plus Xero offers excellent training videos. Would you like to explore how Xero could work for your business? Let us know and we can chat it through, over a coffee of course!