Join the millions of businesses worldwide that trust Xero to revolutionise their financial management. Say hello to streamlined bookkeeping and accounting, growth-focused decision-making, and a brighter financial future. Experience the Xero advantage today with one of Heart Bookkeeping’s set-up packages!
If you’re a small business owner stepping into the world of Xero for the first time, enlisting the expertise of a Xero Certified Advisor is a smart move that can help you unlock the full potential of Xero.
Setting up a Xero file for your business can be relatively straightforward if you know what you’re doing, but there are common mistakes that business owners can make when they try to do it themselves. Here are some of the common mistakes to watch out for:
Failing to set up an appropriate chart of accounts can lead to confusion and errors in financial reporting. It’s essential to tailor the chart of accounts to your specific business needs.
Many business owners may not fully understand the capabilities of Xero, leading to underutilisation of its features. Lack of proper training can result in missed opportunities for streamlining processes and saving time.
Entering incorrect opening balances for your accounts can lead to inaccurate financial statements, which can be problematic for your accountant come year end and cost you more in accounting fees to fix up the errors
Most business owners set up their Xero files after they’ve started their business. This means that they’ve already missed capturing some of the businesses financial transactions.
Xero offers various tax settings that need to be configured correctly based on your location and tax obligations. Failure to do so can result in incorrect calculations and reporting.
Xero allows for customisation of invoices, reports, and templates. Not taking advantage of these features may result in unprofessional-looking documents.
Engaging a Xero Certified Advisor such as Heart Bookkeeping can help you avoid these common mistakes and empower you to manage your finances efficiently, reduce errors, and focus on what you do best – running your business.
If you’re looking for a better way to manage your business finances it’s time to switch to Xero! Beautiful accounting software, born in the cloud, and connectable with over 1,000 apps to help you drive your business forward.
Transitioning from another accounting system can be daunting. Heart Bookkeeping will ensure a smooth transition, migrating your historical data accurately so that you’re up and running as quickly as possible on Xero with minimal disruption to your business.
We have helped hundreds of businesses convert from MYOB, Quickbooks and Reckon
Xero is a cloud-based accounting solution, which means you can access your financial data from anywhere, at any time. Unlike other software like Reckon and MYOB, Xero was built in the cloud. Xero runs through any web browser therefore you can access it from any device, wherever you are and you never need to do updates to ensure you’re running on the latest version – Xero handles all this in the background without any hassle or frustration to the user.
This differs from MYOB and Reckon which requires you to have the application installed on your device to be able to access it. It also means that as updates are made by the software company you need to update your version to be able to continue to use your file. No thank you!
Xero seamlessly integrates with over 1,000 apps, enabling you to customise and streamline your accounting processes. Whether you need help with invoicing, payroll, inventory management, or any other aspect of your business, there’s an app for that in Xero’s App Marketplace.
Xero’s user-friendly interface makes it easy for business owners and their teams to navigate the software. You don’t need to be a finance expert to make the most of Xero’s features. Our clients that have moved from other accounting software tell us they find it so much easier to move around Xero.
With Xero, you’ll always have access to real-time financial insights. Monitor your cash flow, track expenses, and stay on top of your financial health with ease. And Xero’s single ledger approach means you can invite your accountant, bookkeeper and business coach into your Xero file and they are all looking at the same information. This makes it super easy to collaborate with your team of financial experts to drive your business forward.
Make the move to Xero today with Heart Bookkeeping’s team of Xero Certified Experts.
If you’re new to business or have been struggling with excel spreadsheets, now is the time to get set up on Xero with the support of Heart Bookkeeping’s team of Xero Certified Advisors.
Move from your existing accounting software to Xero with minimal disruption to your business and while maintaining your key customer, supplier, payroll and other financial data.
We work on your business remotely using Xero accounting software. We are available by phone or email and we customise our bookkeeping solutions to meet the changing needs of your business. Our fixed fee pricing structure means no nasty bill surprises and ensures we’re always working hard to create efficiencies in your bookkeeping processes.
We understand that each small business owner is at a different stage in their business journey so we have packages that support you through each of these stages. Those ready to get on top of their cash flow struggles should check out “The Cash Flow Project”
Why pay for the time spent rather than the results achieved? We don’t charge an hourly rate, but instead provide you with a fixed fee solution so you know exactly what to budget for, providing you with cost predictability and removing the possibility of bill shock.
Fixed fees align our interests with yours as we have every reason to make your bookkeeping processes more streamlined and reduce the amount of time you spend on bookkeeping related tasks.
At Heart Bookkeeping we only use and recommend Xero online accounting software. Born in the cloud just like us, Xero provides small business owners with a user-friendly accounting experience and can handle all your day-to-day bookkeeping tasks as well as connecting with over 1,000 apps to simplify tasks such as payment collections, inventory, job management, CRM and more.
If you’re currently using another accounting software or struggling on excel, Heart Bookkeeping can get you set-up on Xero and transfer your important contact, payroll and other business information across so that you’re up and running in no time.
Yes we do! Depending on your learning style you can choose between two different delivery methods for your Xero training with us:
We believe you get the best value out of working with us when we connect with your accountant so we’re all working together.
During the onboarding phase we reach out to your accountant to introduce ourselves and give them an overview of the services you’ve engaged us to deliver. We ask them to provide us with information that will help us do our job and that will ensure we provide them with a Xero file they’ll love.
We also touch base with them at key points in the year to update them on your business performance and get guidance from them on varying the business’s quarterly tax instalments you’re paying to the ATO if needed. After the end of the financial year we send them all the information we know they’ll need to get started on your tax and financial statements and make ourselves available for any queries they may have.
Coming from a public practice background, the leaders at Heart Bookkeeping have been on the receiving end of client and bookkeeper-prepared Xero files just like you, and know the difference a great bookkeeper can make to both your client and your accounting firm.
Heart Bookkeeping partners with responsive and proactive accountants and accounting firms to get the best outcomes for our mutual clients. Not only do we provide you with beautiful Xero accounting files and year end workpapers, we flag any changes in the client’s business that may require your advice and expertise. We also handle all your client’s Xero and transaction level queries so you have more time to spend on services such as tax planning and business structuring that will make a real difference to the lives of your client.
Find out how you can partner with Heart Bookkeeping here
Nestled in the picturesque Northern Rivers region of New South Wales, Lismore is a vibrant and culturally rich city that beckons residents and entrepreneurs alike. With its stunning natural surroundings, a thriving economy, and a strong sense of community, Lismore and its surrounding areas offer an appealing blend of lifestyle and business opportunities.
Hobart, the capital city of Tasmania, is a charming and picturesque destination situated at the southernmost point of Australia. Known for its stunning natural beauty, vibrant arts scene, and thriving economy, Hobart is an ideal place to live and conduct a small business.
Located in the tropical north of Queensland, Townsville is a thriving city renowned for its unique blend of natural beauty, economic opportunities, and welcoming community. With its stunning landscapes, strong economy, and numerous amenities, Townsville has become an attractive destination for both residents and entrepreneurs looking to start or expand their small businesses.
Heart Bookkeeping was intentionally built in the cloud, providing services to our clients from day one on a remote basis. And although we’ve expanded our physical footprint to include Lismore, Hobart and Townsville, we’ve been very intentional about designing our offering to ensure all business owners in Australia can access and benefit from the services we offer.
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