Making Book Keeping Easy, Simple and Clear
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GRA Blogs
Articles by John Rowe
At GRA we understand that you want to keep things as simple and hassle-free as possible. We understand that time is a valuable commodity. That you'd like to spend less time managing your accounts, and more time running your business and living your life - and we have the answer. Magic wand? No. But we have the next best thing:
Xero.
Xero is an online accounting system designed here in New Zealand. A publicly listed company, it has been growing well and is now expanding into Australia and the US.
We're very impressed with Xero, and are encouraging our business, contractor and property investor clients to jump on board with us. Why? The features are plentiful, as you'll see listed below, but at the end of the day you'll save a whole heap of time and effort by using it compared to other available accounting packages or manual record keeping.
- Very simple, clear and easy to use compared to other systems
- Being based online, there is no software to install, update or troubleshoot, and everything is automatically backed up - you just log on to the website and it works!
- You can access it from anywhere
- You can share your information with your team (including your accountant), and because it's online they see exactly the same screen as you do
- Xero has a direct feed to your bank and keeps an up-to-the-day record of your transactions - what's coming in and what's going out
- Transactions can be easily categorised and matched so you don't have to hunt for them, markedly reducing time you need to spend on data entry
- It's safe with bank-level security
- You can create and manage invoices, and see at a glance what's outstanding
- You can generate multiple reports e.g. profit and loss, GST
- The dashboard graphs give you an instant picture of where things are at
You can find out more about the features of Xero and why so many people love it already at xero.com.
The added advantage for GRA clients is it increases the likelihood that the quotation for doing your annual accounts can be adhered to, as your information is provided in a reconciled and easy-to-use format.
The annual fees are as outlined below:
- Xero Standard (with invoicing capabilities) $744
- Xero GST version (no invoicing) $300
- Xero No-GST version (no invoicing) $300
- All prices are plus GST and include the Xero subscription
Talk to us about setting Xero up for you - it's easy for us to get you going, and it's easy for you to learn. If you have any questions, there is help readily available - with a team of Xero experts in-house. We're sure you'll find it will make managing your accounts much easier!
To find out more about Xero, including pricing and how it could help you, please contact us. We are here to help.
John Rowe
Director
Business Accounting Services
© Gilligan Rowe & Associates LP
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Disclaimer: This article is intended to provide only a summary of the issues associated with the topics covered. It does not purport to be comprehensive nor to provide specific advice. No person should act in reliance on any statement contained within this article without first obtaining specific professional advice. If you require any further information or advice on any matter covered within this article, please contact the author.
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Gilligan Rowe and Associates is a chartered accounting firm specialising in property, asset planning, legal structures, taxation and compliance.
We help new, small and medium property investors become long-term successful investors through our education programmes and property portfolio planning advice. With our deep knowledge and experience, we have assisted hundreds of clients build wealth through property investment.
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