What is Xero Cloud Accounting?
Cloud accounting is bit like internet banking. Rather than having all your accounting information saved on your computer, it is stored online instead. This means you can access it from any device, anywhere and anytime you like.
Xero is a particular cloud accounting software provider. With Xero it is possible to keep your business books online – including your records of income and expenses, and assets and liabilities.
Is cloud accounting secure?
Cloud accounting is one of the most secure ways to store your financial information. All the information you input into Xero is encrypted, like a bank, so only people with an approved login can view the data.
In many ways cloud accounting is even more secure than keeping your data on a computer. In the event your laptop is stolen, no one will be able to access your data unless they have your cloud accounting login.
Likewise, if your premises are ever damaged, in a fire or natural disaster, your financial information will be safely secured offsite.
Finally, you can decide who has access to your financial data. You can invite users to your cloud accounting account and control the level of access that they have. This can be more secure than sending out your data by email or on USBs.
Benefits of cloud accounting
Using cloud accounting software can bring many efficiency benefits to your business. These include:
- You can see your most up-to-date financial position
- Multi-user access makes it easy to collaborate online with your team and accountants
- It’s online, so there is nothing to install or update. All your data is backed-up automatically
- You can set-up your own dashboards giving you the financial information you need
- Data about your finances can flow directly from your bank to your books, so they don’t need to be transcribed
- An ecosystem of associated apps. Xero can link to other applications (for example Paypal and Stripe) to allow data to flow seamlessly between
What does being a Xero Platinum Partner mean?
RA Accountants is a Xero Platinum Partner - the top level of the Xero accreditation scheme. We have achieved this as we have invested significant resources in understanding how to get the most out of Xero for our clients.
We complete Xero education courses, attend Xero events and achieve Xero certifications to ensure our team are experts at using Xero software.
This means you know you’ll be in safe hands if you choose to adopt Xero cloud accounting software for your business.
Or, if you already use Xero, we’ll be able to advise you on how to get the most out of the software.
If you are looking to adopt Xero cloud accounting software for your business or get the most out of your existing subscription, please get in touch. As specialists in Xero cloud accounting software we will be happy to help.
