Deciding what accounting system to use is a big decision for a company.  Equally important is deciding how you are going to operate the system once implemented.

Every business is different, and every businesses needs are different.  Understanding your business, your needs and your company ways of working are key to making the right decision.

As a Xero Partner and Certified Advisor Indigo Accounting can help you in defining what you want from Xero and can implement, and then operate, the system for you so that it delivers benefits to your business, both now and as you grow in the future.

In addition, we are happy to look at taking on other back-office administrative functions as an integral part of the outsourcing of your accounting activity, so that you maximise the benefits of outsourcing and using the cloud for all your archiving and records management needs.

In the simplest of terms, bookkeeping is responsible for the recording of financial transactions whereas accounting is responsible for interpreting, classifying, analyzing, reporting, and summarizing the financial data.

Most businesses will probably start off by undertaking bookkeeping themselves:  recording sales invoices issued and purchase invoices received on a spreadsheet is probably the most common method.  Together with your bank statements and the physical invoices you will leave your auditor to analyse your income and expenditure when he prepares your annual financial statements.

The move from simple bookkeeping to accounting can occur for any number of reasons:

• As an owner you want to understand where you make your money, but no-one can tell you;
• You need to raise investment funds, but can’t answer financial questions from potential investors;
• You never have any cash, but you’re not sure what sales invoices have been paid and which haven’t, and have no formal process for chasing non-payers;
• Purchase invoices keep going missing, so you’re being chased for non-payment;
• You feel like you/your staff do nothing but deal with accounting issues, rather than getting on with the ‘real’ business;
• etc.

All of these issues can be resolved by implementing the Xero cloud based accounting software, and outsourcing your bookkeeping and accounting to Indigo Accounting.

The benefits of outsourcing your accounting to us include:

• You get the resource you need for the time you need (most small businesses don’t need someone full time in their early years).   And, this resource can increase as your business grows;
• We are experts in using Xero (we only use Xero, and undertake regular training and certification to stay up to date with the software);
• Xero is cloud based so you, and we, have access to your accounts from anywhere in the world;
• We are financial accountants, not just bookkeepers, and your transactions will be handled with that in mind; meaning,
• You will have real management information that will help you manage your business on an ongoing and timely basis.

In addition, outsource can include more than just accounting activity, freeing management and staff to focus on activity that is important to the growth and success of your business.

Interested in seeing how our services could benefit your business, or know someone who may be interested in our services?

Please get in touch and let’s workout how we can support you in building your business, and help you achieve your business goals.