Why we recommend every business owner uses Xero
A short whiteboard video from Melbourne Tax Advisory on five reasons to use Xero: bank feeds, faster payments, easy BAS and STP payroll, real-time numbers, and working with your accountant.
Read the full articleXero accountants
Transcript
Intro
At Melbourne Tax Advisory, we recommend every business owner uses Xero. Here’s why.
The problem
Shoeboxes of receipts, spreadsheets that don’t add up, and a mad scramble every time BAS is due. Sound familiar?
1. Bank feeds
First, bank feeds. Your transactions flow straight in from your bank every day, so there’s no more typing them in by hand.
2. Get paid faster
Second, get paid faster. Send professional invoices with a pay now button, and set automatic reminders for customers who pay late.
3. BAS & payroll made easy
Third, BAS and payroll made easy. GST is tracked as you go, your BAS is ready in a few clicks, and payroll is Single Touch Payroll ready.
4. Your numbers, anywhere
Fourth, your numbers, anywhere. See your cash flow and profit in real time, on your laptop or your phone.
5. Works with your accountant
And fifth, it works with your accountant. We log in to the same file, so our advice is based on live numbers, not last year’s.
Call to action
Need Xero set up? We’re Xero specialists. We’ll set it up, connect your bank and apps, and show you how it all works, so admin takes minutes instead of weekends. Book your free first consultation at melbournetaxadvisory.com.
More videos
Video · 1 min 37 sec
Small business accountant Melbourne: 5 ways we help your business grow
A short whiteboard video on five ways Melbourne Tax Advisory helps small business owners grow: tax and compliance, bookkeeping and Xero, the right structure, monthly reports and cash flow, and business advisory.
Video · 1 min 15 sec
How we help tradies grow their business
A short whiteboard video on five ways we help tradies grow: knowing your numbers, pricing for profit, keeping cash flowing, tax and BAS, and planning for growth.
Video · 1 min 43 sec
Trading company owned by a family trust, with a corporate trustee: how the structure works
A short whiteboard explainer of a common small business structure: a trading company owned by a family trust, with a company acting as trustee.
Video · 2 min 20 sec
SMSF limited recourse borrowing arrangements: how the LRBA structure works
A 2-minute whiteboard explainer of how a self-managed super fund can borrow to buy an asset, such as property, using a limited recourse borrowing arrangement (LRBA).Let's talk about your business
Book a free, no-obligation chat with the team.