Categories
Call 0423 463 721 or follow on social media
We are in Social

16 December
2016
EMBRACE ONLINE TECHNOLOGY
495 Views

Why Do I LOVE Xero?

MYOB had always been my number one accounting program, but I was hearing a lot of positive feedback about a relatively new product called Xero.

Two years ago I decided to try Xero with another business that I own in real estate which was on desktop V19.

I felt that this would be a good test case for me to compare the apparent “time savings” that Xero was suppose to produce.

Using V19 MYOB, the other business’ accounts took me two and a bit days a week for data entry, emailing invoicing and statements, reconciliation and reporting.

By converting over to Xero with bank feeds, creating rules, re-occuring invoices that automatically emailed themselves to tenants each week and using other options inside their program I only had to spend one day a week on my accounting. Saving me 10hours a week in total.
I then used a add on called Receipt-Bank to manage all my receipts. I coded them so that the entries seamlessly flowed into Xero.
This added another time saving of 5 hours a week on average.

My total time saved by converting over to Xero + adding Receipt bank gave me approximately 15 hours a week or 60 hours a month.

Who is Xero?

What would you do with more time?

Needless to say, I love Xero and find their training programs support and resources to grow second to none.

I am a certified Xero user and my girls love using this software and will be working towards being certified themselves over the holidays.

The only product MYOB has that I now use is MYOB Essentials, as I find it is an excellent counterpart to Xero’s in the cloud software with similar functions that my MYOB clients love.

If you would like to have Xero set up for your investment portfolio to reap time saviplease give me a call on 0423 463 721 today!ng benefits or would like to know more about this amazing in the cloud software, then call us today!

Are you a passionate Small Business owner?

If you would like to be featured in a blog or on Amanda’s new podcast, contact us via this email: info@myofficebooks.com

Amanda Hoffmann is a registered BAS Agent No.18613005, Associate of Finance, Xero Certified, Myob Essentials and Quickbooks partner.

She says she is more than just a bookkeeper with experience in real estate investing, social media, podcasting and blogging.

Amanda loves to teach smart, easy online cloud solutions and can show you how much fun bookkeeping can be. Follow her on social media and say “Hi”




Leave a Reply

Your email address will not be published. Required fields are marked *

Social Media Mavericks and Analytics on a Shoe String

Popular Posts

4 Tips for the Reluctant Small Business Owner to do their Bookkeeping
15 July 2016
EMBRACE ONLINE TECHNOLOGY
4 Tips for the Reluctant Small Business Owner to do their Bookkeeping
Are you one of many small business owners where the "thought" of having to do your bookkeeping makes mowing the lawn or seeing your dentist more appealing? Amanda Hoffmann from My Office Books offers you four very practical solutions.
Busy is a State of Mind
12 August 2016
EMBRACE ONLINE TECHNOLOGY
Busy is a State of Mind
Do you find you just don't have enough time in a single day to get everything done? You are not alone. The real question is however, s it you really don't have time, or is it just your mindset? My article explores this very question.....
James Lindsay Grade Six School Teacher to Author
17 September 2016
EMBRACE ONLINE TECHNOLOGY
James Lindsay Grade Six School Teacher to Author
Ever thought about writing a book, but never found the time to do it? James Lindsay has a secure job as a Year 6 school teacher, but he had the dream of writing his own book. He has self-published his first book and here is his story!
Bookkeeping Issues….Do you have the Five?
01 September 2016
EMBRACE ONLINE TECHNOLOGY
Bookkeeping Issues….Do you have the Five?
Are you one of many small businesses that have the five? 1. Finding "time" 2. Procrastination 3. Overwhelme 4. Worried about cost 5. The ATO Then this is the article for you!
No More Lost Receipts
16 September 2016
EMBRACE ONLINE TECHNOLOGY
No More Lost Receipts
Keeping track of receipts and expenses when operating a small business can be a challenge for the average trades person or property investor. Automation is the way of the future and we can help you now. Read more to find out how.
BAS Agent and Bookkeeping