Xero was founded in New Zealand in 2006, and its aim was to change the game for small businesses, allowing owners to direct their efforts into growing their business, rather than into administering it. Xero currently has 1.38 million subscribers, over 2,000 employees worldwide, and is a great NZ success story.
The use of Xero allows businesses to be run from anywhere, giving real time access to financial information from any internet connected device. It has helped our clients to gain a real-time insight into their business, and allows us to support them with business advice around profitability and cash flow management based on live data. There is no longer a need to wait for financial statements to be prepared at the end of the year to truly gauge performance.
The future of accounting sits in the cloud and Xero is a market leader in cloud-based accounting. The cloud is a platform to make data and software accessible online anytime, anywhere, from any device. No longer is there a need to store this valuable information on your own hard drive. There is no need to install and run applications on a desktop computer; instead access to the software is achieved through a monthly subscription.
As one of 16,000 Xero partners around the globe, Nexia New Zealand recognises the value of Xero, and in particular the ability it has to customise to meet users’ needs. There are over 700 “add ons” available and these range from data capture, through to job costing and inventory management. These “add ons” allow businesses to choose the solution that best fits them, to ensure that they get the most out of the software. Nexia New Zealand specialises in Spotlight reporting, WorkflowMax, Receipt Bank and Unleashed, however they will always focus on utilising the product that best suits you.
Xero offers multi-user access which allows easy collaboration across businesses both internally, and with external advisors. All of these features are subject to multiple layers of security, ensuring data is protected and stored safely online.
Nexia New Zealand is proud of its relationship with Xero, and the value this provides our clients. Receiving the Platinum Award has been a significant milestone for us, as it is usually only received by larger firms with multiple offices throughout the country. This achievement is testament to our knowledge and expertise with Xero. At Nexia, we recognise the changing face of accounting and the need to be at the cutting edge of technology which is paramount to helping our clients make better informed decisions.
For any Xero advice, or to discuss how it can help improve your business’s profitability, please contact Chris Jack on firstname.lastname@example.org. His wealth of experience and expertise in all things Xero has already been paying dividends for our clients.