Proper Bookkeeping is an essential part of any business, as it can help you to review, track and plan your business activities and spending. Through the use of online bookkeeping software, you can now enter and check your business data from anywhere, at any time. This simple, fast access allows business owners to complete their bookkeeping on the go and without being shackled to a desk. Our CLY Tax Croydon Bookkeepers are experienced and certified users of the leading cloud-based online bookkeeping software, including Xero and QuickBooks Online. To help you decide if online bookkeeping is right for your business, we have summarised the benefits and features of Xero and QuickBooks Online.
Smart technology and software is now a part of our everyday lives and business practices. It has changed the way we operate, communicate and manage our businesses, both in the marketplace and our internal processes. While both Xero and QuickBooks are highly regarded systems, it is important that you select the online bookkeeping software that best suits your business needs and management style. At CLY Tax Accountants & Bookkeepers Croydon, our Croydon Bookkeepers can help you to choose, set-up and use your online bookkeeping software.
Benefits and features
1. Web-hosted or Locally Installed
Both Xero and QuickBooks are cloud-based systems, meaning that you can log in, access, change and sync your bookkeeping data from any laptop or computer. Both systems can be easily accessed from mobile devices, such as smartphones and tablets, increasing your roaming capabilities. However, you will need to be connected to the internet to access and sync your data out of the office.
2. Pricing
Keeping in mind that prices could change and both software systems may hold promotional discount periods; Overall, Xero and QuickBooks are similarly priced.
3. Users and Permissions
Depending on your business size and how many people will need access to the software, you may need to consider the user permission options. Xero allows unlimited users, not matter the subscription plan. QuickBooks allows one, three or five users depending on your plan.
4. Ease of Use
Both Xero and QuickBooks are commended for their easy to use systems and efficient layouts. Both are well organised and simple to learn.
5. Product Features
Both online bookkeeping software systems include a range of features for different levels of subscription plan. These product features include:
- Bank feed synchronization
- Bank reconciliation
- Accounts payable and receivable
- Inventory
- Invoicing and quotes
- Bill / expense management
- Payroll
- Financial reporting
- Multi-currency
- Document sharing
Still need help deciding? Our expert team at CLY Tax Accountants & Bookkeepers Croydon are Xero and QuickBooks certified partners, who can help you to choose which online bookkeeping software is best for your business. We can assist you to select, set-up and use your online bookkeeping system, and help you to save time and better manage your business.
For more information or to speak to one of expert Croydon Bookkeepers or Accountants, please Contact Us or call us on (03) 9736 9316