This means your team can continue with business as usual. We request the data from you, and then work in the background to perfect your Xero file setup. Additionally, this process doesn’t require hours of input from yourself and your team.
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We also know how to correctly set it up based on your company structure.
We’re experienced in transferring your company’s data from your existing accounting system to Xero. Working with a Xero TM Gold Champion Partner, such as our team here at BoardRoom, will ensure your Xero implementation is seamless. Additionally, and perhaps most importantly, there may be negative regulatory or financial consequences if these errors occur. Unless you have a team who are confident in navigating the set-up and implementation of a new accounting system such as Xero, you run the risk of misplacing data or accidentally limiting essential user access. Switching to any new accounting system involves effort commensurate with the nature, size and complexity of your company. This is why many companies use cloud accounting, like Xero. But, maybe most importantly, cloud accounting helps you save time and improve accuracy, which assists your company run more efficiently. It also offers your company a real-time snapshot of business performance while providing data security and protection. However, the advantages of cloud accounting far outweigh these benefits.Ĭloud accounting makes it easier for your team to access and collaborate while reducing hardware costs and software expenses.
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Traditional accounting has the benefits of not requiring an internet connection and lets you retain individual company control of your security levels and access – providing you continually update everything. In contrast, traditional software is installed locally on your computer with data stored on a hard drive or a server on-site. ‘The Cloud’ is a network of remote servers storing vast amounts of data. Cloud accounting uses online software and stores the data from your accounts in the cloud.
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