Xero and Clarigro: A Perfect Partnership

• October 15, 2020

Introduction

Being a small business founder or owner entails wearing many hats at the same time. You are the Sales person, the inventory manager, the product developer, the finance specialist – all rolled into one. However well you manage these tasks, there are some chores, among these, which could definitely be weighing you down!!

Moreover, these tasks take you away from something precious that you love doing – Growing your business!!

It wouldn’t be amiss to say that Bookkeeping and Accounting is one such chore. If you agree, then you must be wondering what could be the simplest solution to handle the same with minimum effort and lower cost!

Cloud Accounting is the solution.

Cloud Accounting allows all bookkeeping and accounting tasks to be done online and stores all the information on the cloud in a secure manner. One major benefit of this arrangement is: it gives you real time access to your business information – anytime, anywhere and from any device.

There are numerous Cloud based accounting software’s available, each with their own benefits. However, most of them are expensive and involve a steep learning curve. For small businesses, which usually have tight budgets, adopting the right accounting software, is thus essential.

This brings us to Xero: A cloud Based Accounting software, specially designed keeping small business needs in mind.

About Xero Accounting Software
Beautiful Accounting – is the motto of Xero and they totally live up to it. Pursuing the simple common goal of making small businesses and their advisors more successful, Xero is loaded with a number of intuitive features. Let us glance through some of the key features, which addresses almost all of your Bookkeeping and Accounting requirements:

• Bank Connections and Reconciliations: Xero allows you to setup automatic feeds from multiple banks and from any number of bank accounts. With this in place, Bank transactions flow automatically, in a secure, accurate and reliable way into Xero every single business day. Further, reconciliations can be done easily with the help of coding suggestions. It even allows grouping similar transactions together and matching them instantly.
• Personalized Professional Invoices: Xero is furnished with beautiful invoice templates which can be conveniently personalized with your company branding. Setting up automated invoice reminders is brisk and you can choose to be notified when the client views the same. These online invoices can be replicated easily, reducing repetitive work. And, are secured by a two-step authentication process to protect them from unauthorized changes. Sending online invoices could lead you to getting paid faster
• Inventory Management: Managing your inventory cannot get easier than this. Xero provides a real-time log of your bestselling product lines and the profit you are making, at the click of a button. Moreover, It helps you keep track of stock levels and values on a daily basis. These highly accurate inputs will come in handy to help you make business purchase and pricing decisions.
• Payroll Management: It is equipped with a robust Payroll app that assists with everything required to track working hours, manage leave and process pay. It also enables employees to view their pay slips, submit their timesheets and apply for leave effortlessly.
• Purchase Orders and Paying Bills: Xero helps set up the entire purchase order process with a complete audit trail. Whenever required, it is simple and quick to convert a purchase order into a bill. Moreover, the purchase dashboard, with its inbuilt charts and graphs, provides a complete overview of the pending bills and purchase orders – helping you stay on top of all business expenses.
• Xero Dashboard: gives you a complete up-to-date picture of your cashflow and business finances.

About Clarigro

Clarigro is a multifaceted team. We are a fine blend of US CPA’s and Indian CA’s, armed with more than 15+ years of rich experience in the field of Bookkeeping, Accounting, Taxation and Finance. Our qualified and experienced team has a global and diverse Industry experience gained from partnering numerous small businesses and CPA firms in the US, Canada, Singapore, Australia and other regions.

We provide a complete range of cloud based bookkeeping and accounting solutions for individual business owners, self-employed professionals, small-businesses and corporates. Examples of clients we service on a regular basis:

Entrepreneurs with an online presence, intent on keeping an accurate set of books at the end of each business day.

We assist such entrepreneurs by integrating their online store with Xero which will automate everything – right from receiving orders to payment of bills and taxes. This will ensure they are on top of all their accounting tasks, maintain a neat inventory and can easily track the all-important cash flow, on a daily basis.

Small Businesses who are eager to outsource their Bookkeeping and Accounting requirements to an experienced and qualified team at a fraction of the cost, usually charged by their local bookkeepers / accountants.

For such clients, we do offer a discount on backlog work and further setup the necessary processes to streamline their daily bookkeeping and accounting tasks. The result is instant access to high quality accounting information, enabling them to improve business and financial decisions with higher accuracy.

Medium-to-large sized businesses which need efficient access to meticulously kept financial data of the business. This data will majorly be in the form of Monthly or quarterly financial statements, Cash flow statements, Asset and Income statements.

Their primary need is to have a clear understanding of their company’s financial health, such that they can easily spot problem areas before it gets out of hand or identify newer avenues for growth. For such clients, we have designed the requisite solutions keeping their unique financial analysis needs in mind.

Clarigro is a Xero Bronze partner. Earning the Bronze level highlights not just our commitment towards our clients but also our continuous investment in raising our expertise. This also lends credence to our level of experience working with Xero customers.