Xero Accountants in Manchester
At Quay Accountants, our experienced team aim to make your accounting journey with us as effortless as possible, which is why we use Xero, the best online cloud accounting software to manage your accountancy and tax requirements.
You can rest easy, safe in the knowledge that you are working with a trusted Xero accountant when choose Quay Xero Accountants in Manchester.
How can our Xero Accountants in Manchester help you?
If you need help with your online accounting then we are the accountants for you!
- We are Xero Silver Partners
- We are Xero Advisor Certified
- We have years of experience using Xero
- We are Making Tax Digital ready
To find out more about the ins and outs of Xero accounting software and the benefits it could provide to your business, then contact Quay Accountants today!
What is Xero cloud-based accounting software?
Xero is an entirely cloud-based accounting software, meaning you can access your accounts securely on a laptop, desktop computer or your mobile phone from anywhere in the world!
This innovative accounting solution performs many functions such as invoicing, bank reconciliations and payroll, which allows you to streamline your accounting, allowing business owners and their accountants to access your bank accounts and see your business performance, simply with the click of a button.
How does Xero work?
As Xero is cloud-based, you can access it any time and anywhere, regardless of where you happen to be. All you need to access Xero is a secure internet connection and access to a laptop, desktop computer or a smart phone.
Xero lets you automate your day-to-day bookkeeping tasks. With Xero you can connect your bank account to automatically import bank transactions in real time, reducing the time spent on time-consuming manual data entry reconciling your bank account.
You can send also invoices to your customers and set up invoice reminders so you aren’t waiting for payments, pay your employees with Xero Payroll and view your business performance at a click of a button.
You can even invite your accountant as a user (for free!) to help you meet all your tax obligations.
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Why do we use Xero cloud-based accounting software?
The digital world is constantly evolving and impacting every industry.
Online cloud accounting software such as Xero, has had the same impact as Airbnb has had in the hotel market and Uber has had in the taxi industry, in that it revolutionises your business.
At Quay Accountants, we are Xero Silver Partners so can show you how to use Xero to level up your business.
Access your data anywhere, any time
As Xero is cloud-based, you can access it wherever in the world you happen be, allowing you to control your finances at the click of a button.
Easy to use
Xero is extremely intuitive and is packed with amazing features that make managing your business finances easy. There's 24/7 support should you need it and a ton of short videos and user guides if you need help with anything.
As every business owner has different requirements, Xero allows you to customise your dashboard to focus on the areas of your business that are of specific interest to you. From a limited liability partnership to small businesses, Xero offers a host of accounting benefits.
Real-time data
Traditionally, business owners would only know their business results after their year-end. With Xero, the data is fresh and up to date, meaning you can view your business performance and cashflow instantly and make important business decisions off the back of it.
Makes business simpler
With Xero, you can automatically pay bills, can swiftly send invoices to your customers and can quickly receive payments from GoCardless, Paypal, Debit card and credit cards. You can also set payment reminders on invoices, reducing the time spent chasing late invoices.
Business planning
Thanks to a real-time view of your data, you can review where improvements can be made to make your business even more successful, leading to more profitable outcomes in the future.
Collaboration
Xero allows ourselves at Quay Accountants to access our clients data at the same time as our clients, meaning we can give advice, and provide the tools, knowledge and support to help your business grow.
MTD Compliant
HMRC is well on its way to making tax digital. VAT registered businesses with a turnover above the £85k threshold have to keep digital records and file their VAT returns using compatible software such as Xero.
From 6 April 2024, Self-Assessment returns will also be operated by MTD, meaning self-employed individuals will have to use compatible software, such as Xero, to keep records of their income and expenses digitally and send a quarterly summary to HMRC rather than once a year as has previously happened.
Secure
Xero Accounting Software is encrypted using industry-standard SSL encryption, to ensure that your data has the maximum protection.
What is a Xero partner?
At Quay Accountants, we have been helping many business owners make the effortless transition over to Xero in order to level up their business.
Xero recognises accounting practices with partner status based on the amount of clients they have using Xero and their knowledge and know-how.
Making Tax Digital
What is Making Tax Digital?
Making Tax Digital (MTD) is a government initiative intended to encourage businesses to keep their tax records up to date and provide information to HM Revenue and Customs (HMRC).
Businesses and individuals who fall within the MTD thresholds must use compatible software such as Xero to keep digital records and submit their records to HMRC.
Making Tax Digital for VAT
MTD for VAT was first introduced in April 2019 for businesses and individuals over the VAT threshold (£85,000).
These businesses are required to keep digital records for VAT purposes and submit them to HMRC on MTD compatible software such as Xero.
