Cloud Computing
Xero Accounting &
Xero Payroll System
For accountants, cloud computing means a more efficient compliance workflow, reducing the risk of errors, and the ability to spend more time advising our clients on how to maintain and grow their business. Everyone knows that time is money when it comes to business, so having real time information on your business' financial performance is critical.
Xero for Single Touch Payroll
Single Touch Payroll (STP) is an initiative from the ATO to encourage frequent salary reporting. When you set up STP in Xero, you can report employee earnings, tax, and super information with the ATO. It is a requirement for businesses to use STP software to comply with ATO single touch payroll obligations. Xero compiles and sends an STP-compliant payroll report to the ATO each pay day.
Xero Accounting at Concord Tax & Business Solutions
We are certified Xero advisors and can help you set up, monitor, and maintain your data to get the very best from the platform. Utilising Xero helps us to better understand your business all year round so that we can offer effective and productive advice as early as possible, not just at tax time.
Benefits of Using Xero Accounting System
Cloud bookkeeping services like Xero Accounting are great for all businesses, big or small, and is exceptionally more beneficial when combined with a professional accountant. Xero is packed full of features including:
Live bank feeds
Automatic bank reconciliation - Xero imports and categorises your latest bank transactions.
Quotes
Create and manage quotes and easily turn them into invoices when the work is done.
Easy invoicing
Create professional recurring invoices and receive updates when they're opened.
Accounting anywhere, anytime.
Use Xero's mobile apps to manage your business while you're on the move. Reconcile, send invoices, and create expense claims from anywhere.
Smarter Xero payroll
Accounting and Xero Payroll work as one to allow you to calculate payroll, pay employees and file payroll taxes. Xero Payroll also allows businesses to set up an automatic super stream to easily pay their employees’ super without leaving the platform.
Reporting
Login online anytime and see up to date business financials. Take a proactive approach and collaborate with your accountant throughout the year.
Filing
Store all relevant files and documents alongside the financial data within Xero, making collaboration with your accountant even easier. Going paperless can have many advantages for you, your employees, and your business partners. Aside from the cost savings, it gives you more flexibility to run your business from anywhere with easy access to all your files.
Compile bills and receipts with Hubdoc
Use Hubdoc to get copies of original documents and key data into Xero automatically without the need for tedious manual data entry. It enables you to store your key documents in one place, making searching and accessing bills much easier. Furthermore, Hubdoc allows you to create an invoicing system and draft bills.
Xero Accounting Software for Small Businesses – Concord Tax & Business Solutions
In most situations, accounting software alone doesn’t have everything you need to run all aspects of your business efficiently. Fortunately, accounting information systems like Xero integrate beautifully with hundreds of different add-ons so you can get all the information and reporting you need.
From payroll systems, billing and invoicing programs to project management, time tracking and inventory, you can find the right add-ons to fit your industry and business. Once you’ve determined what functionalities you require, our team can help you can find an add-on that integrates with your software. Here are some of our favourite add-ons that have been popular with our clients.
Add-ons Compatible with Our Accounting Information Systems
