Using online accounting software to automate your bookkeeping

Is it time you move your accounts online and automate your bookkeeping, or have you been thinking about switching providers?

We are a Xero Platinum Partner and we have a special offer for all clients interested in moving their business to Xero.

Xero is the global leader of online accounting software that connects small businesses to their advisors and accountants. It’s ranked #1 by Forbes as one of the world’s most innovative growth companies.

What better time is there to move your accounts online than now?

Benefits of automating your bookkeeping with Xero

1. Available anywhere with desktop and mobile app

The great thing about having your accounts online is that they’re available anywhere you are. Information is easily retrieved through your computer or mobile app.

2. User-friendly interface

Xero has beautiful, customisable dashboards so you only need to see what is relevant to your key metrics.

3. Time-saving functions

This is one of the main benefits we see using Xero. Monotonous procedures, such as bank reconciliation, when done on Xero are easy.

4. Over 800+ integrations with other apps and plugins

If you’re just starting out automating your bookkeeping, begin by getting familiar with Xero first. Then you can start to advance your dashboard using more software like Futrili, to give you a more enhanced view of your cash flow management.

5. Accurate information

One of the benefits of automating your bookkeeping that you’ll notice straight away is how easy it is to enter and find your information. There is no need to sit down and manually enter each invoice, receipt, or bank statement.

6. Saves costs

Using Xero can save you from outsourcing a bookkeeper because you can do it all yourself quickly and easily on your phone or computer.

Get paid faster with Xero

Xero carried out a study on their clients and compared small businesses that used Xero software to those that didn’t.

  • Australia/New Zealand customers that used their payment platform got paid an average of 12 days faster compared to ones that didn’t
  • In the USA, small businesses were paid 25 days faster when using Xero software
  • In the UK, Xero customers got paid an average of 15 days faster than non-Xero users.
Platinum partner & award winner 2021
We are a Platinum Partner & winner of “Xero Partner of the Year” award 2021.

Xero connects seamlessly to your bank accounts

  • Connect to your bank

    You can connect Xero directly to your bank account so you can get live bank feeds on your Xero account.

  • Quick and easy bank reconciliation

    This feature allows you to match bank transactions to receipts and invoices already on your Xero account with the click of a button.

  • Set up bank rules

    Want even more automate your bookkeeping even further? You can set up bank rules for certain transactions. This works excellently for wages. Set up a rule whereby every time a transaction appears with your employee’s name, it is posted to it to a wages folder.

  • Mark over/underpayments

    Getting paid in two parts? Xero is very straightforward when it comes to allocating two payments to one invoice.

  • Xero Premium feature: multi-currency reconciliation

    If you trade internationally, Xero allows you to use over 160 currencies and you can benefit from automatic currency conversions.

Change to Xero live bank feeds for Irish bank accounts after Brexit

From 01/01/2021, Xero cannot support live bank feeds for Irish bank accounts, and users will have to import their bank statements for any Irish bank accounts they have in Xero.

This is due to a pending change in regulations because of Brexit and it means that you may need to change how you manage your bookkeeping and Xero profile.

Although we are hopeful that Xero will find a solution to this issue for Irish bank account holders, in the meantime, you will need to import your bank statements to Xero once a month in order to keep on top of your bookkeeping.

This is a quick process and our Xero accountants are on hand to show you exactly how to manage this change.

Xero success story

“One of the main reasons for switching to Accountant Online was their Xero Gold Partner status. It was so simple to give them secure access to my accounts. Within a matter of days, the team had done their magic. My accounts were cleaned up, categorised and consolidated.

Now, all my bank feeds are pulled into Xero automatically. I use the Xero app to submit add expenses and match up bank transactions. It takes so much guesswork and anxiety out of day to day accounting as well as VAT and annual returns. It’s a credit to the team in Accountant Online who are so efficient, professional and friendly. I’d like to thank all of them for making my life so much easier.”

– Carlos Garcia Consulting

Send beautiful sales invoices to your clients

  • Custom templates for invoices

    No need to use an external invoice creator, do it beautifully inside the Xero platform.

  • Set up automatic reminders to customers

    Xero helps you manage your credit control by reminding your clients to pay your invoice before and after the pay due date.

  • Email templates

    Save time by setting up email templates so you can send them quicker to get paid quicker.

Example of Xero accountant sales invoice

Expertly manage your purchase invoices

  • Ability to upload in bulk

    If you use receipt tracking software already, it's likely to integrate with Xero. Or if you're working with spreadsheets there is a template in Xero so you can upload it directly into the software quickly and easily.

  • Email syncing via Xero software using HubDoc

    You can also sync Hubdoc up to your email address and it will automatically look for supplier invoices and upload to Xero.

Xero accountant payment to suppliers

Simple to amend mistakes

  • Find & recode

    This is a great tool in Xero that we don't see in other software. It's a simple yet effective tool that allows you to find and replace any mistakes.

  • History & notes

    We also like this digital footprint feature in Xero. You can see what changes were made, who made them and when.

Use the tracking categories to enhance your business decision-making

This is a great feature that allows you to split your invoices. Your sales and bills can be categorised into different reports so it’s perfect for the metrics that are important to you.

The dashboard lets you see your business at a glance.

Moving your accounts online is a great way to start digitising your business.

If you feel you’re ready to automate your bookkeeping but need help with the process, feel free to talk to our Client Services Team. We’re happy to talk you through our services.

What about the set up process - is it hard?

Moving your accounts online to Xero won’t be a manually-intensive job if you know how to get it right from the beginning.

The more information you feed into Xero, the more benefits and time-saving features you’ll see.

It might take some time to get used to the functionality but there are excellent video demonstrations online that will take you through each step. There is so much support for Xero users online and because we are Xero accountants and certified Xero advisors, we’re more than happy to help you get set up too.

If you would like to automate your bookkeeping but want to outsource the task of getting set up on Xero, our team can also complete the transition of your system over to Xero for a fixed fee of €300+ VAT. Talk to us about this service and we can send you more information today.

How to make sure you're using software correctly?

  • Join our Take Your Accounts Online With Xero webinar with Certified Xero User, Carl Doolan. This is a free, monthly webinar that will introduce you to online accounting software and the benefits of taking your accounts online.
  • Avail of a free trial. If you’re still not sure what software to use, avail of a free trial before you commit to a subscription.
  • Join our Live Online Bookkeeping Workshop. Every month we host a training workshop for first-time users to learn how to use accounting software.

If you would like to talk to our Client Services Team about how using online accounting software will save on your accounting fees, call us on +353 (0)1 905 9364 or email hello@accountantonline.ie.

Why automate your accounts using Xero?

In conclusion, here are a few reasons why we use Xero software in-house and why we recommend it to you:

  • Beautiful software and easy to use even if you’ve never used online software before
  • Multiple users can log into the software so you don’t need to worry about extra costs
  • Helpful guides and blog in case you ever get stuck
  • Great support from the Xero team through phone or email
  • Superior functionality compared to competitors means you don’t need to find alternative solutions for basic information

If you would like to talk to us about using Xero in your business, get in touch with our Client Services Team now.

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