Blog

Enhanced Reporting for Xero

Mon, 28 Mar 2011 12:20:00 GMT

Every business, no matter it's size, whether a start-up or a long established business, should be analysing their business to get an understanding of performance, potential growth or roadblocks that may be holding the business back.

Now, you could simply look at a profit & loss statement and analyse variances, but let's be honest, too many numbers makes it difficult to understand what is actually going on. You also need to take into account other non financial factors that contribute to the performance of your business as well. There must be an easier way. Guess what? There is!!

With the introduction of Spotlight Reporting, the lastest Xero Network Parter, we are now able to offer you our new Enhanced Reporting service, designed specifically to help you to get the most out of your investment in Xero. With our Enhanced Reporting service we are able to provide you with management reports that give you a quick and easy to understand representation of your business in a flash. Just look at this report below, this has to be better than looking at numbers!

Using graphs to analyse your business gives you the opportunity to quickly visualise any major changes in performance, allowing you to identify areas in which to focus your attention.

How to get these reports.

Good news, we are including a combination of these reports into our existing Advisor, AdvisorPlus and Platinum plans at no further cost.

If you don't currently subscribe to either of these plans, or you have your own Xero subscription and are interested in benefiting from this Enhanced Reporting service, then we are pleased to say that we have also developed plans built specifically for this purpose. Stay tuned, we'll be releasing more details regarding these plans on our website shortly. If you can't wait, please contact us and we will be happy to discuss this with you in more detail.

Further Example Reports

Below are further examples of the easy to understand reports that are available through our Enhanced Reporting service, either included within our Advisor plans and above, or as a stand alone service.

Understand your Profit & Loss

Analyse the Balance Sheet

Measure other Non Financial factors

A number of different Non Financial measures that influence your business are able to be analysed.

Easily visualise your performance against target KPI's

More Information

If you like what you see and would like to find out more, then contact us now for more information.

Xero now gives you Payroll

Wed, 23 Mar 2011 00:20:00 GMT

Xero's latest release now brings payroll functionality to its already powerful online accounting package. Xero payroll lets you generate payslips, create batch payments to make it easier to pay staff and track taxes and superannuation withheld.

This is great news for businesses that have a really simple payroll process, that being a small number of employees or pay runs that do not change a lot. When using Xero payroll you will need to manually calculate the tax withheld and the super required for each pay run. It also wont keep track of your employee leave requirements. If you are looking for a very simple method to keep track of your payroll with no additional costs, then Xero payroll is for you. However, when thinking of cost don't forget to include the time it takes you to process your payroll, calculate the tax and super and track staff leave.

Want More Than Xero Payroll?

For businesses that would like to save time processing payroll and automatically track staff leave and entitlements, not forgetting needing a quick method to calculate tax withholding and superannuation entitlements, then our suggestion would be Paycycle (www.paycycle.com.au). We use it internally and will continue to use it for our clients that require payroll.

One of the great features of Paycycle is that once you have set up your employees, your pay run process is pretty straight forward, if you need to change a standard pay run, change it and Paycycle will adjust the tax withholding accordingly and will also adjust the superannuation and leave entitlement calculations. This is a great time saver, as there is no need to get the calculator out or refer to a separate tax withholding table. Not to mention that the tax tables are up to date, as the updates are included in your subscription and happen while you sleep!

More Information

Before deciding which payroll solution is right for you, why not drop us a line and we will be happy to discuss your requirements in more detail and point you in the right direction.

Why we prefer Xero

Sun, 05 Sep 2010 09:40:00 GMT

At Your Accounts Department, we want to provide our clients with a more proactive service rather than a reactive service. In the past this was not possible, however, with the introduction of online accounting software, the relationship between client and advisor is now more interactive.

In the times of desktop accounting software such as Quickbooks and MYOB, our service offering was restrained by the need to pass a datafile back and forth, you never knew who had the live data file. If the accountant needed to make changes to a client's data, they needed to obtain the file from the client, meaning the client had to wait for the file to be returned before they could continue entering business transactions.

Today, with the use of accounting software online, this arduous process of transferring the data file back and forth is no longer a problem. There are a number of products in the marketplace that are offering customers an online accounting experience. The main three available in Australia at present are Saasu, Xero and more recently MYOB LiveAccounts. We have tried all three and our preference is Xero.

The Main Features - Why we prefer Xero

Ease of use - the layout within Xero makes it easy for a non-accounting person to understand
Easy to learn - the design and layout makes it easy to navigate your way around
Powerful reporting options - get almost any data you need with reports that are simple to find and read
Integrates well with other software offerings - this makes it possible to have all your products talking together. Take a look at some of the partner offerings that are available >> Xero Partners
Grows with your business.

We are not alone with our thoughts. Here is some information recently released by Software Shortlist. Their results place Xero as their preferred choice out of 10 products surveyed (Clarity Accounting, Clearbooks, Kashflow, MoneyWorks Express, MYOB AccountRight Standard v19 (nee MYOB Accounting), Peach First Accounting 2010, Quickbooks Accounting, Saasu and Simply Accounting).

Find out more about this article here on Xero's website

Don't forget, all of our packages include access to Xero on their medium plan.

Website redesign with Fixed Fee Servicing

Sun, 05 Sep 2010 09:42:00 GMT

With our old website being only 2 years old, it was already showing its age.

The type and availability of products in the accounting sphere has changed over this period, with a move toward more readily available information through online accounting software. Accounting services too have changed over this time with a move to toward a monthly fixed fee for service. We have been utilising these new accounting products and offering a fixed fee for service for some time now, however our old website did not reflect this change.

We needed a website that was able to move with the times. So with the design talents of the team from e360 we hope that this new website allows users to gain a better understanding of our service offering and also to understand how interacting with your accountant using real time data benefits all involved.